Nonrenewable resource allocation under intertemporally dependent demand
This paper investigates the implications of an intertemporally dependent demand structure in the market for an exhaustible resource. The demand structure is derived endogenously in a partial equilibrium model where price-taking users combine the resource with capital to produce final output. It is s...
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| Format: | Working paper |
| Language: | English |
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Oxford Institute for Energy Studies
1987
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