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...

This paper estimates a dynamic model of the world markets for five nonrenewable resources over the period 1970-2004 and tests for market power in each of these markets. In particular, for each nonrenewable resource, we test whether the countries supplying the nonrenewable resource behaved as price-takers or oligopolists. The results show that during the study period the world markets for copper...

De Werra, D. and J. Blazewicz, Some preemptive open shop scheduling problems with a renewable or a nonrenewable resource, Discrete Applied Mathematics 35 (1992) 205-219. An edge coloring model is presented for a preemptive open shop problem. Constraints generated by a single resource have to be taken into account. The case of a renewable and of a nonrenewable resource as considered. Since the e...