The Mutual Intertemporal Benefits from Depletable Resource Use.

Wiseman, Clark

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Peer reviewed

ERIC Number: EJ673883

Record Type: CIJE

Publication Date: 2002

Pages: N/A

Abstractor: N/A

ISBN: N/A

ISSN: ISSN-0022-0485

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The Mutual Intertemporal Benefits from Depletable Resource Use.

Wiseman, Clark

Journal of Economic Education, v33 n1 p69-72 Win 2002

Offers graphical proof of the proposition that the dynamically efficient allocation of a depletable, nonrenewable resource allows higher net benefits to users in both time periods than any other allocation. States that in this proof the result is more general and does not require the numerical specification of other previous models. (JEH)

Descriptors: Economics, Economics Education, Graphs, Higher Education, Natural Resources, Proof (Mathematics), Teaching Methods, Undergraduate Study

Publication Type: Guides - Non-Classroom; Journal Articles; Reports - Descriptive

Education Level: N/A

Audience: N/A

Language: English

Sponsor: N/A

Authoring Institution: N/A

Grant or Contract Numbers: N/A

Author Affiliations: N/A

Note: The Journal of Economic Education is a peer reviewed journal.