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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Bibliographic Details
Main Authors: Conrad R., HOOL, Robert Bryce
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 1984
Subjects:
Online Access:https://ink.library.smu.edu.sg/soe_research/1767
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Institution: Singapore Management University
Language: English