Nonrenewable resources with switching costs

Article Abstract:

Research describing the implications of switching costs for the extraction of a nonrenewable resource is presented. In particular the factors affecting the abandonment of mines with viable reserves are examined.

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A microeconometric test of the theory of exhaustible resources

Article Abstract:

Research describing the economic theory of exhaustible resource production is presented. In particular duality theory is investigated for a model based on natural gas resources.

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Optimal institutional arrangements for transboundary pollutants in a second-best world: Evidence from a differential game with asymmetric players

Article Abstract:

A dynamic model with asymmetric players was used in relation to institutional arrangements for transboundary pollutants in a second-best world.

Usage, Environmental engineering, Second best (Economics)

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