Abstract
The pricing of raw materials from an exhaustible resource is predominantly analysed within the context of a partial equilibrium. It is argued here that there are good reasons for a general equilibrium analysis. In this paper we present an international trade model with exhaustible resources and characterize the general equilibrium properties. The general perspective adopted leads to new insights compared with a partial equilibrium approach.
| Original language | English |
|---|---|
| Pages (from-to) | 341-357 |
| Number of pages | 17 |
| Journal | Journal of International Economics |
| Volume | 34 |
| Issue number | 3-4 |
| DOIs | |
| Publication status | Published - 1993 |