Discontinuous extraction of a nonrenewable resource
Abbreviated Journal Title
backstop technology; dynamic optimization; energy resources; Herfindahl; principle; multiple demands; ORDER; Economics
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. (c) 2005 Elsevier B.V. All rights reserved.
"Discontinuous extraction of a nonrenewable resource" (2006). Faculty Bibliography 2000s. 6245.