Excel-based simulations that let you numerically solve Resource Extraction problems.
Created by Arthur Caplan and John Gilbert of Utah State University, these models allow you to explore the effects of changes in the N-Period Constant-Cost Case, the Transition to a Renewable Substitute, and Increasing Marginal Extraction Cost cases (Chapter 6).
(Note: You will need to enable macros and use the “Solver Add-in” to view the models. Refer to the “How-to” manual above for more information.)
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