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Solving the hotelling model in feedback form

Author

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  • Sébastien Rouillon

    (GREThA - Groupe de Recherche en Economie Théorique et Appliquée - UB - Université de Bordeaux - CNRS - Centre National de la Recherche Scientifique)

Abstract

We give a characterization, in feedback form, of the optimal extraction path of an exhaustible resource, which holds for a large class of models.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Sébastien Rouillon, 2011. "Solving the hotelling model in feedback form," Post-Print hal-00798340, HAL.
    • Handle: RePEc:hal:journl:hal-00798340
    as

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    References listed on IDEAS

    as
    1. Stiglitz, Joseph E, 1976. "Monopoly and the Rate of Extraction of Exhaustible Resources," American Economic Review, American Economic Association, vol. 66(4), pages 655-661, September.
    2. Harold Hotelling, 1931. "The Economics of Exhaustible Resources," Journal of Political Economy, University of Chicago Press, vol. 39(2), pages 137-137.
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    More about this item

    JEL classification:

    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis

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