Browsing Faculté des arts et des sciences – Département de sciences économiques - Cahiers de recherche by Subject "water resource"
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(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 ...