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scientific article
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scientific article

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    author
    Kenneth J. Arrow
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    S. S. L. Chang
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    publication date
    1980
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    Mathematics Subject Classification ID
    91B76
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    90C90
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    90C39
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    zbMATH DE Number
    3713447
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    zbMATH Keywords
    Hotelling model
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    exploitation of exhaustible resources
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    optimal rate of resource extraction
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    shadow price of consumption
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    shadow price of holding reserves
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    uncertain stocks
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    random spatial distribution of stocks
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    calculation of optimal price profile
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