Consider a general equilibrium framework where the marginal cost of extraction from several deposits of an exhaustible resource is constant in terms of an inexhaustible perfect substitiute and differs between deposits. The instantaneous rate of productionfrom the inexhaustible resourcce is...

This paper generalizes Hotelling's (1931) theory of nonrenewable resources to situations where resource pools and their users are distributed spacially. Extraction and transport costs are assumed to be linear in the rate of extraction, but utilization of each deposit may require a setup cost.

Cet Article a Pour Objet L'etude D'un Duopole de Stackelberg a Produits Differencies Lorsque la Concurrence Entre les Firmes Est Soit une Concurrence En Prix-Quantites, Soit En Prix-Capacites de Service. on Montre Qu'a L'equilibre, Dans le Modele Prix-Quantite le Meneur Choisira Toujours de...