The Optimal Consumption of Depletable Natural Resources

S-Tier
Journal: Quarterly Journal of Economics
Year: 1975
Volume: 89
Issue: 3
Pages: 371-392

Authors (2)

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

I. Introduction, 371. — II. The simple model, 372. — III. Market equilibrium in the simple model, 375. — IV. The extended model — optimal and equilibrium allocation with nonzero extraction costs, 377. — V. Equilibrium with uncertain future demand, 381. — VI. Monopoly behavior, 387. — VII. Summary and conclusion, 389. — Appendix: proof of the optimality of the N-period market equilibrium under uncertainty if suppliers are risk-neutral, 390.

Technical Details

RePEc Handle
repec:oup:qjecon:v:89:y:1975:i:3:p:371-392.
Journal Field
General
Author Count
2
Added to Database
2026-01-29