Does productive capital affect the order of resource exploitation?

Journal of Economic Dynamics and Control

Volumn 26, Issue 6, 2002, Pages 911-918

  Favard, Pascal ^a  

^a UNIV MONTPELLIER   (France)

Author keywords

General equilibrium; Natural resources; Productive capital; Substitute

Indexed keywords

EID: 10344235265     PISSN: 01651889     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0165-1889(01)00002-1     Document Type: Article

References (6)

1. Amigues, J.P., Favard, P., Gaudet, G., Moreaux, M., 1998. On the optimal order of natural resource use when the capacity of the inexhaustible substitute is limited. Journal of Economic Theory 80, 153-170.
2. Kemp, M.C., Long, N.V., 1980. On two folk theorems concerning the extraction of exhaustible resources. Econometrica 48, 663-673.
3. Léonard, D., Long, N.V., 1992. Optimal Control Theory and Static Optimization in Economics. Cambridge University Press, Cambridge, UK.
4. Lewis, T.R., 1981. A note on two folk theorems concerning the extraction of exhaustible resources. PNRE Discussion Paper No. 62, University of British Columbia.
5. Lewis, T.R., 1982. Sufficient conditions for extracting least cost resource first. Econometrica 50, 1081-1083.
6. Seierstad, A., Sydsaeter, K., 1987. Optimal Control Theory with Economic Applications. North-Holland, Amsterdam.