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An equivalence theorem in the theory of resource extraction |
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| Authors: | Daniel Leonard Ngo Van Long |
| Affiliation: | University of New South Wales, Kensington, N.S.W. 2033, Australia;Australian National University, Canberra, A.C.T. 2601, Australia |
| Abstract: | There exists a formal equivalence between a class of resource extraction problems with a stock-dependent net benefit function and Gale's canonical cake-eating problem. |
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