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De quelques spécificités de la valorisation des ressources naturelles semi-renouvelables

Jean-Pierre Amigues (), Gérard Gaudet () and Michel Moreaux

Annals of Economics and Statistics, 1995, issue 39, 107-121

Abstract: We study the optimal valuation of semi-renewable resources, like groundwater, under different assumptions as to the evolution of the population. When the population is either constant or decreasing, valuations of flow and stock resources are identical. With an increasing population however, an optimal consumption policy may involve refraining from consuming the flow in order to restock for future consumption. In this case, the marginal valuation of the resource as a flow or as a stock may differ at times.

Date: 1995
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