• citations in SCIndeks: 0
  • citations in CrossRef:0
  • citations in Google Scholar:[]
  • visits in previous 30 days:1
  • full-text downloads in 30 days:0


article: 1 from 1  
Back back to result list
2008, iss. 19, pp. 45-50
Microeconomic aspects of exploiting non-restorable resources
University of Novi Sad, Faculty of Economy, Subotica
Keywords: non-restorable resources; Hotelling rule; production resources rent; capitalized value; interest rate
The work considers the complex problems of dynamic optimization of exploiting resources that are not restorable. The analysis starts from the so-called Hotelling rule, the base for the theory of dynamism of exploiting these resources. Taking into consideration the appropriative suppositions and limitations, as well as the application of contemporary mathematical analysis, the work attempts to define the basic models of exploiting resources that are not restorable and accepting the postulates of market strategies applied in macroeconomic analysis. The final part of the work points to the limitations and implementation of defined models, as well as other open questions of exploiting non-restorable resources.
Nordhaus, W.D. (1973) The allocation of energy resources. Brooking Papers on Economic Activity, 529-576
Schuman, J. (1998) A mikroökonómiai elmélet alapvonásai / Osnove mikroekonomske analize. Segedin: JATE Press
Šuvakov, T.M., Šagi, A. (1998) Mikroekonomski ogledi. Novi Sad: Offsetprint


article language: Serbian
document type: Review Paper
published in SCIndeks: 16/06/2008

Related records

Anali Ekon fak Subotica (2007)
The theory of asymmetric information and agent theory
Šagi Andraš, et al.