IDEAS home Printed from https://ideas.repec.org/a/emx/esteco/v7y1992i2p265-269.html
   My bibliography  Save this article

Tasa óptima de extracción de un recurso natural bajo incertidumbre

Author

Listed:
  • Raúl Aníbal Feliz

    (Centro de Investigación y Docencia Económica)

Abstract

The objetive of this short paper is to derive the optimal rate of depletion of a non-renewable natural resource by a monopolist under uncentainty conditions on the evolution of the reserve stock of that natural resource.

Suggested Citation

  • Raúl Aníbal Feliz, 1992. "Tasa óptima de extracción de un recurso natural bajo incertidumbre," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 7(2), pages 265-269.
  • Handle: RePEc:emx:esteco:v:7:y:1992:i:2:p:265-269
    as

    Download full text from publisher

    File URL: https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/295/298
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Farrow, Scott, 1985. "Testing the Efficiency of Extraction from a Stock Resource," Journal of Political Economy, University of Chicago Press, vol. 93(3), pages 452-487, June.
    2. D. Glycopantis & A. Muir, 1991. "On the solution of a stochastic optimal growth model," Journal of Economics, Springer, vol. 54(2), pages 125-142, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lozada, Gabriel A., 1996. "Existence of equilibria in exhaustible resource industries Nonconvexities and discrete vs. continuous time," Journal of Economic Dynamics and Control, Elsevier, vol. 20(1-3), pages 433-444.
    2. Robert Cairns, 2001. "Capacity Choice and the Theory of the Mine," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 18(1), pages 129-148, January.
    3. Hart, Rob & Spiro, Daniel, 2011. "The elephant in Hotelling's room," Energy Policy, Elsevier, vol. 39(12), pages 7834-7838.
    4. Lee, Myunghun, 2007. "Measurement of the in situ value of exhaustible resources: An input distance function," Ecological Economics, Elsevier, vol. 62(3-4), pages 490-495, May.
    5. Gary Koop & Lise Tole, 2008. "What is the environmental performance of firms overseas? An empirical investigation of the global gold mining industry," Journal of Productivity Analysis, Springer, vol. 30(2), pages 129-143, October.
    6. Blose, Laurence E. & Shieh, Joseph C. P., 1995. "The impact of gold price on the value of gold mining stock," Review of Financial Economics, Elsevier, vol. 4(2), pages 125-139.
    7. Hartley, Peter & Medlock III, Kenneth B., 2008. "A model of the operation and development of a National Oil Company," Energy Economics, Elsevier, vol. 30(5), pages 2459-2485, September.
    8. Slade, Margaret E., 2004. "Competing models of firm profitability," International Journal of Industrial Organization, Elsevier, vol. 22(3), pages 289-308, March.
    9. Juan-Pablo Montero, 2002. "The Temporal Efficiency of SO2 Emissions Trading," Documentos de Trabajo 225, Instituto de Economia. Pontificia Universidad Católica de Chile..
    10. John Livernois & Henry Thille & Xianqiang Zhang, 2006. "A test of the Hotelling rule using old‐growth timber data," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 39(1), pages 163-186, February.
    11. Ivar Ekeland & Wolfram Schlenker & Peter Tankov & Brian Wright, 2022. "Optimal Exploration of an Exhaustible Resource with Stochastic Discoveries," Papers 2203.01614, arXiv.org.
    12. Leighty, Wayne & Lin, C.-Y. Cynthia, 2012. "Tax policy can change the production path: A model of optimal oil extraction in Alaska," Energy Policy, Elsevier, vol. 41(C), pages 759-774.
    13. Huhtala, Anni & Ropponen, Olli, 2020. "Resource and Environmental Policies for the Mining Industry: What Should Governments Do About the Increasing Social and Environmental Risks?," Working Papers 137, VATT Institute for Economic Research.
    14. Chermak, Janie M. & Patrick, Robert H., 2002. "Comparing tests of the theory of exhaustible resources," Resource and Energy Economics, Elsevier, vol. 24(4), pages 301-325, November.
    15. Roel van Veldhuizen & Joep Sonnemans, 2018. "Nonrenewable Resources, Strategic Behavior and the Hotelling Rule: An Experiment," Journal of Industrial Economics, Wiley Blackwell, vol. 66(2), pages 481-516, June.
    16. Gregory M. Ellis & Robert Halvorsen, 2002. "Estimation of Market Power in a Nonrenewable Resource Industry," Journal of Political Economy, University of Chicago Press, vol. 110(4), pages 883-899, August.
    17. Blose, Laurence E., 1996. "Gold price risk and the returns on gold mutual funds," Journal of Economics and Business, Elsevier, vol. 48(5), pages 499-513, December.
    18. repec:rim:rimwps:26-07 is not listed on IDEAS
    19. Jung, Chulho & Krutilla, Kerry, 1998. "Aggregation bias in natural resource price composites: the forestry case," Resource and Energy Economics, Elsevier, vol. 20(1), pages 65-73, March.
    20. Ronald H. Schmidt, 1988. "Hotelling's rule repealed? An examination of exhaustible resource pricing," Economic Review, Federal Reserve Bank of San Francisco, issue Fall, pages 41-54.
    21. Cees Withagen, 1998. "Untested Hypotheses in Non-Renewable Resource Economics," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 11(3), pages 623-634, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:emx:esteco:v:7:y:1992:i:2:p:265-269. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ximena Varela (email available below). General contact details of provider: https://edirc.repec.org/data/cecolmx.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.