The extraction of natural resources from two sites under uncertainty

Research output: Contribution to journalArticlepeer-review

8 Scopus citations

Abstract

A firm with two sites of natural resources cannot make extractions from both simultaneously. A policy is examined whereby, once the work of extraction is commenced on one resource, the firm does not change to the other regardless of new information.

Original languageEnglish
Pages (from-to)309-313
Number of pages5
JournalEconomics Letters
Volume51
Issue number3
DOIs
StatePublished - Jun 1996
Externally publishedYes

Keywords

  • Decisions
  • Information
  • Uncertainty

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