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scientific article
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scientific article

    Statements

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    1980
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    extraction of a non-renewable scarce natural resource
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    non-exhaustible substitute
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    backstop technology
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    two types of uncertainty
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    two period model
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    perfect competition
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    monopoly
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    extraction paths
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    risk neutrality
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    risk aversion
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    social optimum
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    optimal control
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    economics of uncertainty
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