De l'usage optimal de divers types de ressources naturelles

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

Annals of Economics and Statistics, 1997, issue 48, 147-189

Abstract: A partial equilibrium analysis shows that a pool of natural resources with constant unit costs of extraction has to be exploited in strict increasing cost order. Kemp and Long [1980] have shown that it is not necessarily the case in a general equilibrium framework. In a consumption-leisure trade-off model, we show that the optimal order of exploitation is never strict, and that for a set of model parameters, the resources exploitation paths may be inderteminate although the consumption-leisure paths are perfectly determinated.

Date: 1997
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.jstor.org/stable/20076101 (text/html)

Related works:
Working Paper: De l'usage optimal de divers types de ressources naturelles (1995)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:1997:i:48:p:147-189

Access Statistics for this article

Annals of Economics and Statistics is currently edited by Laurent Linnemer

More articles in Annals of Economics and Statistics from GENES Contact information at EDIRC.
Bibliographic data for series maintained by Secretariat General () and Laurent Linnemer ().