Title of article :
Discontinuous extraction of a nonnewable resourcree
Author/Authors :
Eric Iksoon Im، نويسنده , , Ujjayant Chakravorty، نويسنده , , James Roumasset، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2006
Abstract :
This paper examines the sequence of optimal extraction of nonrenewable resources in the presence of multiple demands. We provide conditions under which extraction of a nonrenewable resource may be discontinuous over the course of its depletion
Keywords :
Backstop technology , Dynamic optimization , Energy resources , Multiple demands , Herfindahl principle
Journal title :
Economics Letters
Journal title :
Economics Letters
