Arbeitspapier
Does productive capital affect the order of resource exploitation?
The purpose of this paper is to show that in a general equilibrium framework it is never optimal to use high cost substitute after lower cost exhaustible resource even if it is possible to accumulate productive capital. Indeed if the high cost substitute is scarce it is always optimal to consume it simultaneously with a lower cost stock. Moreover it may be optimal to consume the high cost substitute before using a lower cost resource.
- Language
-
Englisch
- Bibliographic citation
-
Series: Nota di Lavoro ; No. 2. 2000
- Classification
-
Wirtschaft
- Subject
-
Natural resources
substitute
productive capital
general equilibrium
Ressourcenökonomik
Erschöpfbare Ressourcen
Produktsubstitution
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Favard, Pascal
- Event
-
Veröffentlichung
- (who)
-
Fondazione Eni Enrico Mattei (FEEM)
- (where)
-
Milano
- (when)
-
2000
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Favard, Pascal
- Fondazione Eni Enrico Mattei (FEEM)
Time of origin
- 2000
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