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Economic Theory of Natural Resources pp 41–46Cite as

Resource Extraction under Alternative Investment and Financing Opportunities

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Abstract

In the theory of exhaustible resources one usually assumes a perfect capital market which implies that financial restrictions do not exist since borrowing and lending can take place at a given market rate of interest.

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References

  • Dasgupta, P.S., and G.M. Heal. Economic Theory and Exhaustible Resources. Cambridge 1979. Fisher, I. : The Theory of Interest. New York 1930.

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Authors
  1. Klaus Hellwig
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  2. Hartmut Kogelschatz
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Editor information

Editors and Affiliations

  1. Universities of Karlsruhe, Germany

    W. Eichhorn , R. Henn , K. Neumann  & R. W. Shephard , ,  & 

  2. Berkeley, USA

    W. Eichhorn , R. Henn , K. Neumann  & R. W. Shephard , ,  & 

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© 1982 Springer-Verlag Berlin Heidelberg

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Hellwig, K., Kogelschatz, H. (1982). Resource Extraction under Alternative Investment and Financing Opportunities. In: Eichhorn, W., Henn, R., Neumann, K., Shephard, R.W. (eds) Economic Theory of Natural Resources. Physica, Heidelberg. https://doi.org/10.1007/978-3-662-41575-7_3

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  • DOI: https://doi.org/10.1007/978-3-662-41575-7_3

  • Publisher Name: Physica, Heidelberg

  • Print ISBN: 978-3-7908-0274-0

  • Online ISBN: 978-3-662-41575-7

  • eBook Packages: Springer Book Archive

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