An exhaustible resources model in a dynamic input–output framework: a possible reconciliation between Ricardo and Hotelling

Abstract This study investigates the problem of exhaustible resources using a dynamic input–output model with classical features. Following past research on the topic, further reconciliation can be made between the analyses of Ricardo and Hotelling on exhaustible resources by introducing resource-se...
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Autor*in:	Biao Huang [verfasserIn]

Format:	E-Artikel
Sprache:	Englisch

Erschienen:	2018

Schlagwörter:	Exhaustible resources Dynamic input–output model Classical theory Searching Capacity constraints on extraction

Übergeordnetes Werk:	In: Journal of Economic Structures - SpringerOpen, 2013, 7(2018), 1, Seite 24
Übergeordnetes Werk:	volume:7 ; year:2018 ; number:1 ; pages:24

Links:	Link aufrufen Link aufrufen Link aufrufen Journal toc

DOI / URN:	10.1186/s40008-018-0107-1

Katalog-ID:	DOAJ046703322

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callnumber-first	H - Social Science
author	Biao Huang
spellingShingle	Biao Huang misc HD72-88 misc HB71-74 misc Exhaustible resources misc Dynamic input–output model misc Classical theory misc Searching misc Capacity constraints on extraction misc Economic growth, development, planning misc Economics as a science An exhaustible resources model in a dynamic input–output framework: a possible reconciliation between Ricardo and Hotelling
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title_sort	exhaustible resources model in a dynamic input–output framework: a possible reconciliation between ricardo and hotelling
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title_auth	An exhaustible resources model in a dynamic input–output framework: a possible reconciliation between Ricardo and Hotelling
abstract	Abstract This study investigates the problem of exhaustible resources using a dynamic input–output model with classical features. Following past research on the topic, further reconciliation can be made between the analyses of Ricardo and Hotelling on exhaustible resources by introducing resource-searching activities. The study’s model is based on a given real wage rate and a given consumption vector. The model reveals that the paths of prices, royalties, rents, intensities of production and searching processes can be determined once a sequence of profit rates as well as the initial amounts of commodities and resources are given. This paper also discusses the circumstances under which commodity prices are constant when exhaustible resources exist, based on the model presented.
abstractGer	Abstract This study investigates the problem of exhaustible resources using a dynamic input–output model with classical features. Following past research on the topic, further reconciliation can be made between the analyses of Ricardo and Hotelling on exhaustible resources by introducing resource-searching activities. The study’s model is based on a given real wage rate and a given consumption vector. The model reveals that the paths of prices, royalties, rents, intensities of production and searching processes can be determined once a sequence of profit rates as well as the initial amounts of commodities and resources are given. This paper also discusses the circumstances under which commodity prices are constant when exhaustible resources exist, based on the model presented.
abstract_unstemmed	Abstract This study investigates the problem of exhaustible resources using a dynamic input–output model with classical features. Following past research on the topic, further reconciliation can be made between the analyses of Ricardo and Hotelling on exhaustible resources by introducing resource-searching activities. The study’s model is based on a given real wage rate and a given consumption vector. The model reveals that the paths of prices, royalties, rents, intensities of production and searching processes can be determined once a sequence of profit rates as well as the initial amounts of commodities and resources are given. This paper also discusses the circumstances under which commodity prices are constant when exhaustible resources exist, based on the model presented.
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title_short	An exhaustible resources model in a dynamic input–output framework: a possible reconciliation between Ricardo and Hotelling
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