The efficient use of non-renewable resources
نویسندگان
چکیده
منابع مشابه
On the Economics of Non-Renewable Resources
This paper presents an overview of the key economic results associated with the use of non-renewable resources. The basic Hotelling model of resource depletion is discussed, followed by several extensions. The fundamental result is that scarcity rent rises at the discount rate, and that at equilibrium, marginal benefits from extraction must equal the marginal economic cost. If marginal extracti...
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ژورنال
عنوان ژورنال: Omega
سال: 1979
ISSN: 0305-0483
DOI: 10.1016/0305-0483(79)90046-x