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  • The Alberta Dilemma: Optimal Sharing of a Water Resource by an Agricultural and an Oil Sector 

    Gaudet, Gérard; Moreaux, Michel; Withagen, Cees (Université de Montréal. Département de sciences économiques., 2005)
    The purpose of this paper is to characterize the optimal time paths of production and water usage by an agricultural and an oil sector that have to share a limited water resource. We show that for any given water stock, if the oil stock is sufficiently ...