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The Optimal Consumption of a Depletable Natural Resource: An Elaboration, Correction and Extension
Natural Resource Elaboration
2015/9/18
Weinstein and Zeckhauser^ have shown that the competitive rate
of extraction of a resource of known extent is socially optimal and the
monopolistic rate of extraction generally suhoptimal, hut that ...
The Optimal Intertemporal Decision on Industrial Production and Harvesting a Renewable Natural Resource
natural resource support system
2011/10/23
This article discusses the problems being encountered by economists in determining the carrying capacity of a renewable natural resource. The damage done to nature is then described by a downward shif...
The Optimal Intertemporal Decision on Industrial Production and Harvesting a Renewable
natural resource industry environmental economics
2011/10/23
This article discusses the problems being encountered by economists in determining the carrying capacity of a renewable natural resource. The damage done to nature is then described by a downward shif...
Conditions for Sustainable Optimal Economic Development
sufficient condition sustainability objectives policies
2011/10/5
This paper shows that, for dynamic optimizing economies with different types of natural resource, environmental, and human-made capital stocks, a necessary and sufficient condition for permanently sus...