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Working paper

Nonrenewable resource allocation under intertemporally dependent demand

Subtitle:
OIES paper: EE4
Abstract:

This paper investigates the implications of an intertemporally dependent demand structure in the market for an exhaustible resource. The demand structure is derived endogenously in a partial equilibrium model where price-taking users combine the resource with capital to produce final output. It is shown that, when demand for the resource is modelled explicitly as a derived demand, the common assumption of an intertemporally independent sequence of instantaneous demand relationships is justifi...

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Publication status:
Published
Peer review status:
Reviewed (other)
Version:
Publisher's version

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Institution:
University of Oxford
Research group:
Oxford Institute for Energy Studies
Role:
Author
Publisher:
Oxford Institute for Energy Studies Publisher's website
Publication date:
1987-01-01
URN:
uuid:f12069bb-a295-4433-b6a5-e76be157a79a
Local pid:
ora:10214
ISBN:
0948061-22-7

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