Title

Discontinuous extraction of a nonrenewable resource

Authors

Authors

E. I. Im; U. Chakravorty;J. Roumasset

Comments

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Abbreviated Journal Title

Econ. Lett.

Keywords

backstop technology; dynamic optimization; energy resources; Herfindahl; principle; multiple demands; ORDER; Economics

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. (c) 2005 Elsevier B.V. All rights reserved.

Journal Title

Economics Letters

Volume

90

Issue/Number

1

Publication Date

1-1-2006

Document Type

Article

Language

English

First Page

6

Last Page

11

WOS Identifier

WOS:000234625400002

ISSN

0165-1765

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