The Optimal Consumption of Depletable Natural Resources: An Elaboration, Correction, and Extension

Maureen Cropper; Milton C. Weinstein; Richard Zeckhauser

doi:10.2307/1884167

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The Optimal Consumption of Depletable Natural Resources: An Elaboration, Correction, and Extension

Maureen Cropper^1,2; Milton C. Weinstein^1,2; Richard Zeckhauser^1,2

¹ University of California, Riverside · ² Harvard University

Quarterly Journal of Economics 1978

I. Optimality of competitive markets with increasing marginal extraction costs—a correction and elaboration, 338.—II. Cases where extraction rights or extraction technologies must be traded, 341.—III. Conclusion, 343.

DOI: 10.2307/1884167
Volume: 92 (2)
Pages: 337
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