Journal Article Some Equivalence Theorems Get access M. Ali Khan M. Ali Khan Johns Hopkins University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 41, Issue 4, October 1974, Pages 549–565, https://doi.org/10.2307/2296705 Published: 01 October 1974
Gerald H. Kramer, Alvin K. Klevorick; Existence of a “Local” Co-operative Equilibrium in a Class of Voting Games12, The Review of Economic Studies, Volume
Gordon C. Winston, Thomas O. McCoy; Investment and the Optimal Idleness of Capital12, The Review of Economic Studies, Volume 41, Issue 3, 1 July 1974, Page
Journal Article A Note on the Optimal Rates of Resource Exhaustion Get access Martin J. Beckmann Martin J. Beckmann Brown University and Technical University, Munich Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 41, Issue 5, December 1974, Pages 121–122, https://doi.org/10.2307/2296376 Published: 01 December 1974
Journal Article The Existence of a Two-class Economy in the Kaldor and Pasinetti Models of Growth and Distribution Get access A. Maneschi A. Maneschi Vanderbilt University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 41, Issue 1, January 1974, Pages 149–150, https://doi.org/10.2307/2296405 Published: 01 January 1974
Journal Article Optimal Growth in a Stochastic Environment Get access Hayne E. Leland Hayne E. Leland Stanford University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 41, Issue 1, January 1974, Pages 75–86, https://doi.org/10.2307/2296400 Published: 01 January 1974
Journal Article On Measuring Economic Interrelatedness Get access J. M. Blin, J. M. Blin Northwestern University Search for other works by this author on: Oxford Academic Google Scholar Frederic Murphy Frederic Murphy Northwestern University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 41, Issue 3, July 1974, Pages 437–440, https://doi.org/10.2307/2296761 Published: 01 July 1974
Milton C. Weinstein, Richard J. Zeckhauser; Use Patterns for Depletable and Recycleable Resources12, The Review of Economic Studies, Volume 41, Issue 5, 1 Decem
This paper is addressed to the selection of an optimal mix of electricity generating plants. The focus is on the problem of uncertainty with respect to the date of availability of breeder nuclear reactors. Sequential probabilistic linear programming is employed. This makes it possible to optimize the mix of fossil, nuclear, and peaking plants to be installed during the 1980's -- assuming that breeder technology will become available at some randomly determined later date. The model allows for the effects of exhausting our reserves of uranium ore. The exhaustion of these resources does not lead to disaster in the 21st century for an economy or a world with a backstop technology such as coal-fired electricity plants. There seems to be a low value of information on the breeder availability date, for the initial policy is rather insensitive to this date. This conclusion holds not only when future demands are taken as fixed parameters, but also when they are dependent upon the price of electricity. On environmental grounds (climate changes radioactivity hazards, air and water pollution), there may be good reasons to slow the rate of growth of electricity demand. These are quite different issues than exhausting the resources of low-cost uranium ore. If our numerical assumptions are correct, it is not optimal to slow down the electricity growth rate up to 1990 just because of possible delays in the arrival of the breeder and hence a rapid rise in the price of uranium. For the year 2000, the decision on demands can be deferred until the time arrives to make capital investment decisions for the decade following 1990. By that point, some of the breeder's uncertainties will have been resolved.