Set-up Costs and Theory of Exhaustible Resources
John Hartwick,
Murray Kemp and
Ngo Long
Working Paper from Economics Department, Queen's University
Abstract:
With several identical deposits of an exhaustible non-reproducible resource, the working of a deposit entails a set-up cost but no other cost. The deposits must be extracted in strict sequence with jump discontinuities of marginal benefits at transition points. Moreover, the average rate of increase of marginal benefit is less than the interest rate.
Pages: 33
Date: 1980
References: Add references at CitEc
Citations: View citations in EconPapers (7)
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
Journal Article: Set-up costs and theory of exhaustible resources (1986) 
Journal Article: SET‐UP COSTS AND THE THEORY OF EXHAUSTIBLE RESOURCES (1985) 
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:qed:wpaper:412
Access Statistics for this paper
More papers in Working Paper from Economics Department, Queen's University Contact information at EDIRC.
Bibliographic data for series maintained by Mark Babcock ().