The Nonrenewable Resource Industry

Harland Wm. Whitmore

Chapter 5 in The World Economy, Population Growth, and the Global Ecosystem, 2007, pp 57-75 from Palgrave Macmillan

Abstract: Abstract At the beginning of the current period, an initial stock of unextracted/unmined NR, NRt, exists. Let NR t+1 d represent the industry’s desired stock of natural NR for the end of the current period, which is determined in accordance with its objective to maximize the present value of its operations.

Keywords: Demand Function; Physical Capital; Current Period; Nonrenewable Resource; Plan Accumulation (search for similar items in EconPapers)
Date: 2007
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DOI: 10.1057/9780230607309_5

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