Rowse, JohnJohnRowseProf. YEUNG Wing Kay, DavidDavidProf. YEUNG Wing Kay2021-03-062021-03-061993Economics Letters, 1993, vol. 42(4), pp. 425-431.0165-1765http://hdl.handle.net/20.500.11861/6513Non-renewable resource extraction is nearly always capital-intensive and extraction capital tends to be non-malleable. In thispaper we present and discuss a dynamic discrete-time model of resource extraction embodying non-malleable capital which can generate highly diverse patterns of price behaviour.enResource price dynamics with non-malleable extraction capitalPeer Reviewed Journal Article10.1016/0165-1765(93)90096-U