Economic Theory and Exhaustible Resources

Economic Theory and Exhaustible Resources

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A presentation of the economic principles relating to the use and management of natural resources, including analysis of optimal use policies.Using these figures it is simple to confirm that the maximum sustainable catch ( the Golden Rule catch) is 9890 blue whales per year and that the population size which can sustain this yield (i.e. Z in Diagram 5.1) is 45 177 blue whales.

Title:Economic Theory and Exhaustible Resources
Author: P. S. Dasgupta, G. M. Heal
Publisher:Cambridge University Press - 1979

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