EXISTENCE AND CHARACTERIZATION OF DISCRETE-TIME EQUILIBRIA IN EXTRACTIVE INDUSTRIES

Authors
LOZADA GA
Citation
Ga. Lozada, EXISTENCE AND CHARACTERIZATION OF DISCRETE-TIME EQUILIBRIA IN EXTRACTIVE INDUSTRIES, Resource and energy economics, 15(3), 1993, pp. 249-254
Citations number
7
Categorie Soggetti
Environmental Studies
Journal title
Resource and energy economics → ACNP
ISSN journal
09287655
Volume
15
Issue
3
Year of publication
1993
Pages
249 - 254
Database
ISI
SICI code
0928-7655(1993)15:3<249:EACODE>2.0.ZU;2-Z
Abstract
By exploiting the difference between discrete-time and continuous-time first-order conditions around the date a mine shuts down, I give the first complete characterization and existence proof for finite-horizon discrete-time equilibrium extraction programs.