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- W1596608537 abstract "The paper presents dynamic equilibrium models for natural resources in a stochastic Framework. The basic model considers a competitive producer that maximizes the expected present value of profits from mining a exhaustible resource and computes the rational expectations equilibrium. The purpose of the paper is to develop an estimable model In the first section we present a brief survey of the literature with some emphasis in the theoretical literature. In the second section we present the basic model and compute the optimical paths of extraction, costs and prices. Optimal Linear Control is used to obtain, through the use of recursive methods, the rational expectations implied paths of the variables. In the third section a particular method of solution of the model is discussed. Finally, in the last section we draw some conclusions." @default.
- W1596608537 created "2016-06-24" @default.
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- W1596608537 date "1982-01-01" @default.
- W1596608537 modified "2023-09-23" @default.
- W1596608537 title "UN MODELO DE EQUILIBRIO DINAMICO PARA RECURSOS AGOTABLES" @default.
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