Gaudet, G.; Moreaux, M.; Salant, S.W. - Centre Interuniversitaire de Recherche en Économie … - 1997
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.