Document Type
Article
Journal/Book Title/Conference
Economics Research Institute Study Paper
Volume
10
Publisher
Utah State University Department of Economics
Publication Date
2004
First Page
1
Last Page
29
Abstract
In this paper we provide several GAMS- and Excel-based resource-extraction models that can be used in an intermediate-level natural-resource economics course to numerically solve a host of exhaustible- and replenishable-resource problems, and thereby help verify the intuition and symbolic solutions provided in the textbook. The specific textbook from which the examples are drawn is Tietenberg (2003).
Recommended Citation
Caplan, Arthur J., "Seeing is Believing: Simulating Resource-Extraction Problems With Gams Ide and Microsoft Excel in an Intermediate-Level Natural-Resource Economics Course" (2004). Economic Research Institute Study Papers. Paper 284.
http://digitalcommons.usu.edu/eri/284