| ID | 364330 |
| Title Proper | Resource extraction when there is a limit on the level of investment in substitute capacity |
| Other Title Information | Memorandum from Institute of Economics, University of Oslo. No. 11, 24 June 1983 |
| Language | ENG |
| Author | Hoel, Michael |
| Summary / Abstract (Note) | Most substitutes for non-renewable resources are highly capital intensive. Capacity can therefore only be adjusted through large investments. The paper analysis the consequences of an upper limit on the level of investment in substitute capacity when the substitute is competitively supplied. |
| `In' analytical Note | In Hersoug, Tor: Wage and Price inflation in a two-sector unionized economy. [Memorandum from Institute of Economics, University of Oslo. No. 7, 6 May 1983 ] Oslo. Institute of Economics, University of Oslo, 1983. |
| Key Words | Non-renewable resources |