AMIGUES, Jean-Pierre; FAVARD, Pascal; GAUDET, Gérard; … - In: Annales d'Economie et de Statistique (1997) 48, pp. 147-189
A partial equilibrium analysis shows that a pool of natural resources with constant unit costs of extraction has to be exploited in strict increasing cost order. Kemp and Long [1980] have shown that it is not necessarily the case in a general equilibrium framework. In a consumption-leisure...