Sufficient Conditions for Extracting Least Cost Resource First

DOI10.2307/1912779MaRDI QIDQ3944292zbMATH OpenOpenAlexFDO

Authors Tracy R. Lewis

Publication date 1982

Published in Econometrica (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/10161/1863

zbMATH Keywords

extraction of least cost reservesoptimal resource depletionstored capital

Mathematics Subject Classification ID

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

Cited in

(4)

• On the optimal order of natural resource use when the capacity of the inexhaustible substitute is limited
• Discontinuous extraction of a nonrenewable resource
• Does productive capital affect the order of resource exploitation?
• Specialization and non-renewable resources: Ricardo meets Ricardo

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