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The extraction of natural resources from two sites under uncertainty

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  • Epstein, Gil S.

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  • Epstein, Gil S., 1996. "The extraction of natural resources from two sites under uncertainty," Economics Letters, Elsevier, vol. 51(3), pages 309-313, June.
    • Handle: RePEc:eee:ecolet:v:51:y:1996:i:3:p:309-313
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    References listed on IDEAS

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    1. Rothschild, Michael, 1974. "A two-armed bandit theory of market pricing," Journal of Economic Theory, Elsevier, vol. 9(2), pages 185-202, October.
    2. Feliz, Raul Anibal, 1993. "The optimal extraction rate of a natural resource under uncertainty," Economics Letters, Elsevier, vol. 43(2), pages 231-234.
    3. Epstein, Gil S., 1996. "Changing a decision taken under incomplete informatio during the process of execution," Journal of Economic Behavior & Organization, Elsevier, vol. 29(2), pages 323-329, March.
    4. Banks, Jeffrey S & Sundaram, Rangarajan K, 1992. "Denumerable-Armed Bandits," Econometrica, Econometric Society, vol. 60(5), pages 1071-1096, September.
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    Cited by:

    1. Lander, Diane M. & Pinches, George E., 1998. "Challenges to the Practical Implementation of Modeling and Valuing Real Options," The Quarterly Review of Economics and Finance, Elsevier, vol. 38(3, Part 2), pages 537-567.
    2. Joseph Deutsch & Gil S. Epstein, 1998. "Changing a Decision Taken under Uncertainty: The Case of the Criminal's Location Choice," Urban Studies, Urban Studies Journal Limited, vol. 35(8), pages 1335-1343, July.
    3. S. Kostyunin & A. Palestini & E. Shevkoplyas, 2014. "On a Nonrenewable Resource Extraction Game Played by Asymmetric Firms," Journal of Optimization Theory and Applications, Springer, vol. 163(2), pages 660-673, November.
    4. Fesselmeyer, Eric & Santugini, Marc, 2013. "Strategic exploitation of a common resource under environmental risk," Journal of Economic Dynamics and Control, Elsevier, vol. 37(1), pages 125-136.
    5. José Daniel López-Barrientos & Ekaterina Viktorovna Gromova & Ekaterina Sergeevna Miroshnichenko, 2020. "Resource Exploitation in a Stochastic Horizon under Two Parametric Interpretations," Mathematics, MDPI, vol. 8(7), pages 1-29, July.
    6. Gil S. Epstein, 2007. "Production, inventory and waiting time," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 28(6), pages 579-589.
    7. Ira N. Gang & Gil S. Epstein, 2002. "Rent Seeking in Hierarchical Firms," Departmental Working Papers 200218, Rutgers University, Department of Economics.

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