Econometrica: Jan 1978, Volume 46, Issue 1

Extermination of Self-Reproducible Natural Resources under Competitive Conditions

https://doi.org/0012-9682(197801)46:1<219:EOSNRU>2.0.CO;2-C
p. 219-224

Michael Hoel

The present paper analyzes cropping of a self-reproducible natural resource under competitive conditions. Situations which may lead to extermination of the resource are described. In particular, it is shown that a production function with increasing returns to scale does not exclude the possibility of extermination, as suggested in [1].

Log In To View Full Content

Back