Modelling depletion of nonrenewable resources
نویسندگان
چکیده
منابع مشابه
Specialization and Nonrenewable Resources
The one-demand Hotelling model fails to explain the observed specialization of nonrenewable resources. We develop a model with multiple demands and resources to show that specialization of resources according to demand is driven by Ricardian comparative advantage while the order of resource use over time is determined by Ricardian absolute advantage. An abundant resource with absolute advantage...
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ژورنال
عنوان ژورنال: Mathematical and Computer Modelling
سال: 1991
ISSN: 0895-7177
DOI: 10.1016/0895-7177(91)90028-6