STOCK UNCERTAINTY IN RENEWABLE RESOURCE THEORY: THE EXPLOITATION OF AQUIFERS OF UNKNOWN SIZE
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
The theory of stock uncertainty in the utilization of exhaustible resources is extended to renewable groundwater resources. A complete characterization of the exploitation process is presented, paying special attention to the formulation of the trasversality conditions. Exploration activities are incorporated and fit smoothly within the framework of analysis. Extensions to other renewable situations are outlined.