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...

[eng] Is there Cause for Concern over the Drop in Aquifer Levels ? . by Jean-Pierre Amigues, Pascal Favard and Michel Moreaux . This paper analyses the problems raised when managing continental aquifers replenished by the trickledown of surface water. These aquifers can be regarded as natural...