The optimal exploitation of exhaustible resources, a survey

C. Withagen

doi:10.1007/BF01460437

The optimal exploitation of exhaustible resources, a survey

C. Withagen^*

^*Corresponding author for this work

Research output: Contribution to Journal › Article › Academic › peer-review

Abstract

In this article a survey is given of the economic theory on the optimal exploitation of exhaustible resources. Attention is paid to Hotelling's pioneering work, the specification of welfare objectives, open economies, extraction costs, uncertainty, research and development and the relation between optimal economic growth and optimal extraction.

Original language	English
Pages (from-to)	504-531
Number of pages	28
Journal	De Economist
Volume	129
Issue number	4
DOIs	https://doi.org/10.1007/BF01460437
Publication status	Published - Dec 1981

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abstract = "In this article a survey is given of the economic theory on the optimal exploitation of exhaustible resources. Attention is paid to Hotelling's pioneering work, the specification of welfare objectives, open economies, extraction costs, uncertainty, research and development and the relation between optimal economic growth and optimal extraction.",

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The optimal exploitation of exhaustible resources, a survey

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