Specialization and non-renewable resources: Ricardo meets Ricardo

DOI10.1016/J.JEDC.2004.08.009MaRDI QIDQ956448zbMATH OpenOpenAlexFDO

Authors Ujjayant Chakravorty, James Roumasset, Darrell L. Krulce

Publication date 25 November 2008

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

Full work available at URL http://www.economics.hawaii.edu/research/workingpapers/WP_04-1.pdf

zbMATH Keywords

dynamic modelscomparative advantageheterogeneous demandHotelling theoryenergy resources

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Applications of optimal control and differential games (49N90) Economic dynamics (91B55) Heterogeneous agent models (91B69)

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Cites work

• scientific article; zbMATH DE number 3992265 (Why is no real title available?)
• Convex Analysis
• Duality theory for dynamic optimization models of economics: The continuous time case
• Heterogeneous Demand and Order of Resource Extraction
• On Two Folk Theorems Concerning the Extraction of Exhaustible Resources
• On the Differentiability of the Value Function in Dynamic Models of Economics
• On the optimal order of natural resource use when the capacity of the inexhaustible substitute is limited
• Sufficient Conditions for Extracting Least Cost Resource First

Cited in

(2)

• Discontinuous extraction of a nonrenewable resource
• Resource abundance, market size, and the choice of technology

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