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

1 May 1978

journal article
Published by Oxford University Press (OUP) in The Quarterly Journal of Economics

Vol. 92 (2) , 337-344
https://doi.org/10.2307/1884167

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.

Keywords

NATURAL RESOURCES
DEPLETABLE NATURAL
OPTIMAL CONSUMPTION
CORRECTION
ELABORATION
EXTENSION

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