Discontinuous extraction of a nonrenewable resource

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12 citations0/0 files storedJournal of International Crisis and Risk Communication Research

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Natural Resources and Economic Development Economic theories and models Mining Techniques and Economics

Abstract

This paper examines the sequence of optimal extraction of nonrenewable resources in the presence of multiple demands. We provide conditions under which extraction of a nonrenewable resource may be discontinuous over the course of its depletion. (c) 2005 Elsevier B.V. All rights reserved.

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References

1969Extractive Resources and Taxation 1980On Two Folk Theorems Concerning the Extraction of Exhaustible Resources 1998On the Optimal Order of Natural Resource Use When the Capacity of the Inexhaustible Substitute Is Limited 2005Specialization and non-renewable resources: Ricardo meets Ricardo

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