On the Optimal Order of Natural Resource Use When the Capacity of the Inexhaustible Substitute is Limited

Jean-Pierre Amigues, Pascal Favard, Gérard Gaudet and Michel Moreaux

Cahiers de recherche from Centre interuniversitaire de recherche en économie quantitative, CIREQ

Abstract: Consider a general equilibrium framework where the marginal cost of extraction from several deposits of an exhaustible resource is constant in terms of an inexhaustible perfect substitute and differs between deposits. The instantaneous rate of production form the inexhaustible resource is subject to a capacity constraint.

Keywords: NATURAL RESOURCES; GENERAL EQUILIBRIUM; EXPLOITABILITY (search for similar items in EconPapers)
JEL-codes: D58 Q30 (search for similar items in EconPapers)
Pages: 16 pages
Date: 1996
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Citations: View citations in EconPapers (7)

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Related works:
Journal Article: On the Optimal Order of Natural Resource Use When the Capacity of the Inexhaustible Substitute Is Limited (1998)
Working Paper: On The Optimal Order of Natural Resourse Use When the Capacity of the Inexhaustible Substitute is Limited (1996)
Working Paper: On the Optimal Order of Natural Resource Use When the Capacity of the Inexhaustible Substitute is Limited (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:mtl:montec:9628

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