Capacity constraints and the production of nonrenewable resources
This paper examines the extent to which the use of a fixed input in the extraction process for a nonrenewable resource affects a number of common results in depletion theory. A multi-deposit model is constructed where the extraction technology requires capital equipment that is deposit-specific and...
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| Format: | Working paper |
| Language: | English |
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Oxford Institute for Energy Studies
1987
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