Browsing Faculté des arts et des sciences – Département de sciences économiques by Subject "D810"
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The Efficient Use of Multiple Sources of a Nonrenewable Resource under Supply Cost Uncertainty
(Université de Montréal. Département de sciences économiques., 2008-03)Uncertainties as to future supply costs of nonrenewable natural resources, such as oil and gas, raise the issue of the choice of supply sources. In a perfectly deterministic world, an efficient use of multiple sources of supply requires that any given ...