Steady-state growth in a Hotelling model of resource extraction.
This paper re-examines the Hotelling model of optimal nonrenewable resource extraction in light of stock effects and technological progress. We assume functional forms for cost and demand so that the solution to the Hotelling problem is a steady-state consistent with the empirical observation that t...
| Publicado en: | Journal of Environmental Economics & Management Vol. 54; no. 1; pp. 68 - 84 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Academic Press Inc.
July 2007
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |