Lecture Notes in Economics and Mathematical Systems

Dynamic Timing Decisions Under Uncertainty

Essays on Invention, Innovation and Exploration in Resource Economics

Authors: Hung, Nguyen M., Quyen, Nguyen V.

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About this book

Jay Forrester's Economic Dynamics was published in 1971 and The Limits to Growth by Dennis Meadows and his associates appeared a year later. The publication of those two books gave rise to twenty years of intense research into the economics of exhaustible resources, research which everywhere has had a substantial impact both on public debate and on academic curricula. And now, just as that line of research is losing steam, economists are focussing on problems associated with the degradation of the natural environment, problems which call for models which, in their formal structure, are quite similar to those already developed in resource economics. This is therefore an appropriate moment for the appearance of a thorough exposition of the economics of exhaustible resources. For that is what Nguyen Manh Hung and Nguyen Van Quyen have provided. Their splendid new book covers equally well the older Hotelling-inspired theory of cake-eating and the economics of search and R&D designed to uncover new and cheaper sources of supply. It provides an entree to the whole subject of resource economics, as well as many new discoveries which will be of interest to experienced researchers.

Table of contents (7 chapters)

Table of contents (7 chapters)
  • Introduction

    Pages 1-6

    Hung, Prof. Dr. Nguyen Manh (et al.)

  • Resource Economics Modelling and the Technique of Optimal Control

    Pages 7-45

    Hung, Prof. Dr. Nguyen Manh (et al.)

  • R & D Timing, Innovation and Resource Depletion Under Certainty

    Pages 47-72

    Hung, Prof. Dr. Nguyen Manh (et al.)

  • R & D Timing, Innovation and Resource Depletion Under Uncertainty

    Pages 73-108

    Hung, Prof. Dr. Nguyen Manh (et al.)

  • Theoretical Resource Exploration Over Space and Time

    Pages 109-143

    Hung, Prof. Dr. Nguyen Manh (et al.)

Buy this book

eBook $84.99
price for USA in USD
  • ISBN 978-3-642-51508-8
  • Digitally watermarked, DRM-free
  • Included format:
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $109.99
price for USA in USD
  • ISBN 978-3-540-57649-5
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
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Bibliographic Information

Bibliographic Information
Book Title
Dynamic Timing Decisions Under Uncertainty
Book Subtitle
Essays on Invention, Innovation and Exploration in Resource Economics
Authors
Series Title
Lecture Notes in Economics and Mathematical Systems
Series Volume
406
Copyright
1994
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-51508-8
DOI
10.1007/978-3-642-51508-8
Softcover ISBN
978-3-540-57649-5
Series ISSN
0075-8442
Edition Number
1
Number of Pages
X, 198
Topics