Optimal extraction with grade variation and endogenous reserves
This paper describes and analyzes a simple model of a competitive firm engaged in non-petroleum resource extraction. It allows for grade variation within a mineral deposit, treats as endogenous the determination of reserves and distinguishes between ore throughput and metal output. The central resul...
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1984
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sg-smu-ink.soe_research-27662015-10-22T03:30:05Z Optimal extraction with grade variation and endogenous reserves Conrad R., HOOL, Robert Bryce This paper describes and analyzes a simple model of a competitive firm engaged in non-petroleum resource extraction. It allows for grade variation within a mineral deposit, treats as endogenous the determination of reserves and distinguishes between ore throughput and metal output. The central result is a characterization of the optimal intertemporal extraction profile. A numerical example illustrates the main principle of quality selection. 1984-01-01T08:00:00Z text https://ink.library.smu.edu.sg/soe_research/1767 info:doi/10.1016/0165-0572(84)90001-X Research Collection School Of Economics eng Institutional Knowledge at Singapore Management University Economics |
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Economics Conrad R., HOOL, Robert Bryce Optimal extraction with grade variation and endogenous reserves |
| description |
This paper describes and analyzes a simple model of a competitive firm engaged in non-petroleum resource extraction. It allows for grade variation within a mineral deposit, treats as endogenous the determination of reserves and distinguishes between ore throughput and metal output. The central result is a characterization of the optimal intertemporal extraction profile. A numerical example illustrates the main principle of quality selection. |
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text |
| author |
Conrad R., HOOL, Robert Bryce |
| author_facet |
Conrad R., HOOL, Robert Bryce |
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Conrad R., |
| title |
Optimal extraction with grade variation and endogenous reserves |
| title_short |
Optimal extraction with grade variation and endogenous reserves |
| title_full |
Optimal extraction with grade variation and endogenous reserves |
| title_fullStr |
Optimal extraction with grade variation and endogenous reserves |
| title_full_unstemmed |
Optimal extraction with grade variation and endogenous reserves |
| title_sort |
optimal extraction with grade variation and endogenous reserves |
| publisher |
Institutional Knowledge at Singapore Management University |
| publishDate |
1984 |
| url |
https://ink.library.smu.edu.sg/soe_research/1767 |
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1770572561491427328 |