Uncertainty, extraction costs and the order of resource depletion
de Meza, D.
& von Ungern-Sternberg, T.
(1978).
Uncertainty, extraction costs and the order of resource depletion.
Economics Letters,
1(3), 265-269.
https://doi.org/10.1016/0165-1765(78)90036-8
& von Ungern-Sternberg, T.
(1978).
Uncertainty, extraction costs and the order of resource depletion.
Economics Letters,
1(3), 265-269.
https://doi.org/10.1016/0165-1765(78)90036-8
This letter explores the roles of demand and cost uncertainty and the stock market in explaining observed patterns of resource depletion.