Please use this identifier to cite or link to this item: http://hdl.handle.net/20.500.11861/6463
Title: Interest rate and output price uncertainty and industry equilibrium for non-renewable resource extracting firms
Authors: Prof. YEUNG Wing Kay, David 
Hartwick, John M. 
Issue Date: 1988
Source: Resources and Energy, Mar. 1988, vol. 10(1), pp. 1-14.
Journal: Resources and Energy 
Abstract: We establish convexity of a risk-neutral non-renewable resource extracting agent's value function in the future interest rate, a random variable. A preference by the agent for future interest rate uncertainty follows. A rational expectations, m identical firm industry equilibrium is characterized and the links between interest rate uncertainty and output price uncertainty are investigated.
Type: Peer Reviewed Journal Article
URI: http://hdl.handle.net/20.500.11861/6463
ISSN: 0165-0572
DOI: 10.1016/0165-0572(88)90002-3
Appears in Collections:Economics and Finance - Publication

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