Journal Article The Optimal Exploitation of an Unknown Reserve Get access Glenn C. Loury Glenn C. Loury Northwestern University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 45, Issue 3, October 1978, Pages 621–636, https://doi.org/10.2307/2297264 Published: 01 October 1978 Article history Received: 01 November 1976 Accepted: 01 October 1977 Published: 01 October 1978