Economics of the Resource-exporting Country: Intertemporal Theory of Supply and Trade |
Contents
The ResourceExporting Country | 3 |
The Intertemporal Choice of | 17 |
SUPPLY BEHAVIOR | 31 |
Copyright | |
16 other sections not shown
Common terms and phrases
allocation Assume assumption backstop technology capital accumulation capital market capital stock cartel Chapter constant consumption level debt demand behavior demand function denotes depletion domestic price Economic effect elastic Equation exporting country extracting the resource Ɛqp Figure financial assets firm foreign currency future periods given Hamiltonian higher impact implies import tax imported commodity increase inelastic initial periods initial price interest rate International intertemporal investment long-run lower marginal utility market price maximization natural resource opportunity costs perfect competition preference rate price path price rise problem profile of extraction profit tax quantities extracted r₁ rate of change rate of return recycling reduced requires resource demand resource earnings resource monopolist resource price resource rent resource stock resource-exporting country risk scenario Section setup costs shadow price stock equilibrium supply behavior taxation terms of trade tion U.S. dollars University of Mannheim user costs zero ρπ ᎧᏞ