| Title: | Discontinuous Extraction of a Nonrenewable Resource |
| Number: | 04-06 |
| Author: | Eric Iksoon Im, Ujjayant Chakravorty and James Roumasset |
| Issue Date: | June 2004 |
| Abstract: | This paper examines the optimal extraction sequence of
nonrenewable resources in the presence of multiple demands. We provide conditions under which extraction of a nonrenewable resource may be discontinuous over the course of its depletion. |
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