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Intertemporal consistency issues in depletable resources

Intertemporal consistency issues in depletable resources

Handbook of natural resource and energy economics: 3: 881-931

The problem of dynamic inconsistency (DI) arises when agents with market power would like to make promises which they would subsequently like to break. This paper discusses situations in depletable resource models where dynamic inconsistency plays an important role.

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Accession: 002415849

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