The extraction of natural resources from two sites under uncertainty

Gil S. Epstein

doi:10.1016/0165-1765(96)00812-9

The extraction of natural resources from two sites under uncertainty

Gil S. Epstein

University of Pennsylvania

Research output: Contribution to journal › Article › peer-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 language	English
Pages (from-to)	309-313
Number of pages	5
Journal	Economics Letters
Volume	51
Issue number	3
DOIs	https://doi.org/10.1016/0165-1765(96)00812-9
State	Published - Jun 1996
Externally published	Yes

Keywords

Decisions
Information
Uncertainty

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10.1016/0165-1765(96)00812-9

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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.",

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year = "1996",

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KW - Uncertainty

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The extraction of natural resources from two sites under uncertainty

Abstract

Keywords

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