Abstract
In the theory of exhaustible resources one usually assumes a perfect capital market which implies that financial restrictions do not exist since borrowing and lending can take place at a given market rate of interest.
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References
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© 1982 Springer-Verlag Berlin Heidelberg
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Hellwig, K., Kogelschatz, H. (1982). Resource Extraction under Alternative Investment and Financing Opportunities. In: Eichhorn, W., Henn, R., Neumann, K., Shephard, R.W. (eds) Economic Theory of Natural Resources. Physica, Heidelberg. https://doi.org/10.1007/978-3-662-41575-7_3
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DOI: https://doi.org/10.1007/978-3-662-41575-7_3
Publisher Name: Physica, Heidelberg
Print ISBN: 978-3-7908-0274-0
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