Published October 30, 2017
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A Note on Theoretical Issues on Resource Depletion
- Creators
- Lewis, Tracy R.
Abstract
This note considers the optimal management of a non-renewable resource subject to depletion effects. It is demonstrated that even with depletion effects, if there are no non convexities in production it always pays to exhaust the resource, if it pays to exploit it at all.
Additional Information
The author wishes to thank D.V.T. Bear, R. Robert Russel, Richard Schmalensee, and an anonymous referee for helpful suggestions in preparing this note.Attached Files
Submitted - sswp91.pdf
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sswp91.pdf
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Additional details
- Eprint ID
- 82791
- Resolver ID
- CaltechAUTHORS:20171030-151654980
- Created
-
2017-10-30Created from EPrint's datestamp field
- Updated
-
2019-10-03Created from EPrint's last_modified field
- Caltech groups
- Social Science Working Papers
- Series Name
- Social Science Working Paper
- Series Volume or Issue Number
- 91