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A preview 2. Resource allocation in a timeless world 3. Externalities 4. Intertemporal equilibrium 5. Renewable resources: some ecological and environmental models 6. Exhaustible resources: an introduction 7. Production with exhaustible resources 8. Resource depletion and capital accumulation in a competitive economy accumulation in a competitive economy 9. Measureability, comparability and the aggregation of intergenerational welfares 10. The optimal depletion of exhaustible 11. Imperfect competition and exhaustible resources 12. Taxation of exhaustible resources 13. Uncertainty, information and the allocation of risk 14. Uncertainty and the allocation of resources 15. price movements in resource markets 16. Conclusions Bibliography Index.
Hartwick et al. (Fri,) studied this question.