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

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

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Samenvatting

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.
Originele taal-2Engels
Plaats van productieEindhoven
UitgeverijTechnische Hogeschool Eindhoven
Aantal pagina's23
StatusGepubliceerd - 1983

Publicatie series

NaamMemorandum COSOR
Volume8306
ISSN van geprinte versie0926-4493

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