Uncertainty in exhaustible natural resource economics: The irreversible sunk costs of Hotelling

2013 ◽  
Vol 38 (4) ◽  
pp. 532-541 ◽  
Author(s):  
Douglas B. Reynolds
Keyword(s):  
Natural Resource ◽  
Resource Economics ◽  
Sunk Costs ◽  
Natural Resource Economics ◽  
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.

scholarly journals Book Review: Environmental and Natural Resource Economics: An Encyclopedia

2015 ◽  
Vol 55 (2) ◽  
pp. 179
Author(s):  
Aimée DeChambeau
Keyword(s):  
Environmental Economics ◽  
Natural Resource ◽  
Resource Economics ◽  
Welfare Economics ◽  
Natural Resource Economics ◽  
Historical Events ◽  
General Reference ◽  
Alphabetical Listing ◽  
Key Concepts

Environmental and Natural Resource Economics is a single volume, general reference encyclopedia that presents information on more than 140 topics relevant to understanding environmental and natural resource economics. Key concepts, historical events and movements, and biographies are included. Each entry is signed, provides see also references and brief lists of resources for further reading. The volume begins with an alphabetical listing of entries and a useful “Guide to Related Topics” that chunks related entries together under the categories of “General Topics,” “Environmental Economics,” “Resource Economics,” and “Applied Welfare Economics.”

Book Review: Progress in Natural Resource Economics

1987 ◽  
Vol 1 (4) ◽  
pp. 287-288
Author(s):  
John McInerny
Keyword(s):  
Natural Resource ◽  
Resource Economics ◽  
Natural Resource Economics ◽  
Oxford University ◽  
Oxford University Press

Progress in Natural Resource Economics. Edited by Anthony Scott. Oxford University Press, 1985. vii + 440 pages. £30.

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