We provide several interactive models that can be used in an intermediate- or graduate-level natural-resource economics course to numerically solve a host of exhaustible-resource problems, and thereby help to verify the intuition and symbolic solutions typically provided in textbooks. Examples are drawn from Tietenberg (2006).
Interactive Scenario Analysis of Exhaustible Resource ProblemsComputers in Higher Education Economics Review
Citation InformationCaplan, Arthur J., and John Gilbert. (2006) "Interactive Scenario Analysis of Exhaustible Resource Problems." Computers in Higher Education Economics Review, 18, 4-9.