Prof. YEUNG Wing Kay, DavidDavidProf. YEUNG Wing KayHartwick, John M.John M.Hartwick2021-03-032021-03-031988Resources and Energy, Mar. 1988, vol. 10(1), pp. 1-14.0165-0572http://hdl.handle.net/20.500.11861/6463We 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.enInterest rate and output price uncertainty and industry equilibrium for non-renewable resource extracting firmsPeer Reviewed Journal Article10.1016/0165-0572(88)90002-3