Heterogeneous Demand and Order of Resource Extraction

DOI10.2307/2951755MaRDI QIDQ4319569zbMATH OpenOpenAlexFDO

Authors Ujjayant Chakravorty, Darrell L. Krulce

Publication date 11 January 1995

Published in Econometrica (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/2951755

zbMATH Keywords

exhaustible resourceoptimal extraction

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Consumer behavior, demand theory (91B42) Economic growth models (91B62)

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(10)

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• Optimal Resource Royalties with Unknown and Temporally Independent Extraction Cost Structures
• On the optimal order of natural resource use when the capacity of the inexhaustible substitute is limited
• Extraction capacity and the optimal order of extraction.
• When additional resource stocks reduce welfare
• On nonrenewable resource oligopolies: the asymmetric case
• Capital investments and resource extraction from non-identical deposits
• Discontinuous extraction of a nonrenewable resource
• Taxation, ore quality selection, and the depletion of a heterogeneous deposit of a nonrenewable resource
• Restoring the commons: optimizing the restoration of natural assets

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