Resource Depletion Under Technological Uncertainty

DOI10.2307/1911128MaRDI QIDQ3892031zbMATH OpenOpenAlexFDO

Authors Partha Dasgupta, Joseph E. Stiglitz

Publication date 1981

Published in Econometrica (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/1911128

zbMATH Keywords

certainty equivalence resultsresource depletiontechnological uncertainty

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Cited in

(14)

• A martingale characterization of the price of a nonrenewable resource with decisions involving uncertainty
• Optimal timing of technology adoption
• Market structure and resource depletion: A contribution to the theory of intertemporal monopolistic competition
• Optimal transition to backstop substitutes for nonrenewable resources
• On the dynamics of competing energy sources
• Monopoly extraction of a nonrenewable resource facing capacity constrained renewable competition
• Monopoly, potential competition and private stock information in exhaustible resource markets
• Sustainable management of fossil fuels: a dynamic stochastic optimization approach with jump-diffusion
• THE POSSIBILITY OF CONTINUOUS GROWTH WITH EXHAUSTIBLE RESOURCES: UNKNOWINGLY AN AGREEMENT HAS BEEN REACHED, BUT IT MAY NOT BE CORRECT
• On a nonrenewable resource extraction game played by asymmetric firms
• Endogenous growth, backstop technology adoption, and optimal jumps
• How much is a nonearning asset with no current capital gains worth?
• A dynamic game of strategic carbon taxation and energy pricing with green technology innovation
• On R\&D timing under uncertainty. The case of exhaustible resource substitution

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