On the Development of a Substitute for an Exhaustible Natural Resource

1982 ◽  
pp. 47-63 ◽  
Author(s):  
Murray C. Kemp ◽  
Ngo Van Long
Keyword(s):  
Natural Resource ◽  
Exhaustible Natural Resource

scholarly journals On the determination of optimal time horizon in a control problem in natural resource economics

1995 ◽  
Vol 18 (3) ◽  
pp. 617-620 ◽  
Author(s):  
Ramesh C. Kumar ◽  
Fadle M. Naqib
Keyword(s):  
Control Problem ◽  
Natural Resource ◽  
Time Horizon ◽  
Resource Economics ◽  
Utility Functions ◽  
Natural Resource Economics ◽  
Optimal Time ◽  
Exhaustible Natural Resource

This paper is concerned with issues relating to the determination of optimal time horizon in a typical control problem of optimal extraction of an exhaustible natural resource. The paper extends the recent Highfill-McAsey results to cover all strictly concave utility functions.

Sign in / Sign up

Export Citation Format

Share Document