Trading in exhaustible resources in the presence of conversion costs : a general equilibrium approach

C. Elbers, C.A.A.M. Withagen

Research output: Book/ReportReportAcademic

46 Downloads (Pure)

Abstract

We survey the literature on the general equilibrium approach to trade in exhaustible resources and present a model in which conversion costs are incorporated and in which the usual balance of payments condition is relaxed. It is found that in many cases the problem of dynamic inconsistency will arise.
Original languageEnglish
Place of PublicationEindhoven
PublisherTechnische Hogeschool Eindhoven
Number of pages23
Publication statusPublished - 1983

Publication series

NameMemorandum COSOR
Volume8306
ISSN (Print)0926-4493

Fingerprint Dive into the research topics of 'Trading in exhaustible resources in the presence of conversion costs : a general equilibrium approach'. Together they form a unique fingerprint.

Cite this