haku: @author Beladi, H. / yhteensä: 9
viite: 8 / 9
| Tekijä: | Beladi, H. Zuberi, H. A. |
| Otsikko: | Environmental constraints and a dynamic model for energy development |
| Lehti: | Energy Economics
1988 : JAN, VOL. 10:1, p.18-28 |
| Asiasana: | DYNAMIC PROGRAMMING OPTIMIZATION COAL MINING INDUSTRY |
| Kieli: | eng |
| Tiivistelmä: | A dynamic optimization model is used to evaluate the coal base contracts of the Navajo tribe and the shadow prices of their coal. The optimal rate of extraction of coal is estimated over time using conventional welfare economics criteria. The results indicate that the actual royalty payment received by the tribe is usually less than the amount estimated in the model. An environmental constraint is placed on the model to test the impact of this constraint in estimating the optimal time profile of production and its impact on shadow prices. Based on these estimations policy recommendations are made. |
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