The Optimal Consumption of Depletable Natural Resources: An Elaboration, Correction, and Extension

Maureen Cropper, Milton C. Weinstein and Richard Zeckhauser

The Quarterly Journal of Economics, 1978, vol. 92, issue 2, 337-344

Abstract: I. Optimality of competitive markets with increasing marginal extraction costs—a correction and elaboration, 338.—II. Cases where extraction rights or extraction technologies must be traded, 341.—III. Conclusion, 343.

Date: 1978
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