Joint production of substitutable, exhaustible resources, or: Is flaring gas rational?

DOI10.1016/S0165-1889(87)80003-9zbMATH Open0643.90016WikidataQ59212131 ScholiaQ59212131MaRDI QIDQ1102168FDOQ1102168

Authors: Franz Wirl 

Publication date: 1987

Published in: Journal of Economic Dynamics and Control (Search for Journal in Brave)

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zbMATH Keywords

optimal controlPontryagin's maximum principlejoint productionmonopolistexploitation of an exhaustible resourceoptimal date of depletionproduction policy

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Production theory, theory of the firm (91B38) Optimality conditions for problems involving ordinary differential equations (49K15) Economic growth models (91B62)

Cites Work

• Title not available (Why is that?)
• Title not available (Why is that?)
• Monopoly resource extractions under the presence of predetermined substitute production
• Market structure and resource depletion: A contribution to the theory of intertemporal monopolistic competition
• Market Structure and Resource Extraction under Uncertainty
• Title not available (Why is that?)
• Rybczynski's Theorem in a Context of Exhaustible Resources: The Case of Time-Contingent Prices

Cited In (2)

• New Qualitative Properties in the Competitive Nonrenewable Resource Extracting Model of the Firm
• Economic analysis of associated oil gas markets

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