The Optimal Production of an Exhaustible Resource When Price Is Exogenous and Stochastic
نویسندگان
چکیده
منابع مشابه
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There may be several possible procedures, each one suitable to a particular theoretical and institutional framework, to formulate the relationship between Ct and Xt, the latter determining the former. A simple procedure in line would be to consider employment as a function of the level of output and in turn, consumption demand as a function of the level of employment. Set to equilibrium, both C...
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ژورنال
عنوان ژورنال: The Scandinavian Journal of Economics
سال: 1981
ISSN: 0347-0520
DOI: 10.2307/3439901