van Geldrop, JanH. and Withagen, C.A.A.M. (1993). General equilibrium and international trade with exhaustible resources Journal of International Economics, 34(3-4):341--357.
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Affiliated authorCees Withagen
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Publication year1993
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JournalJournal of International Economics
The pricing of raw materials from an exhaustible resource is predominantly analysed within the context of a partial equilibrium. It is argued here that there are good reasons for a general equilibrium analysis. In this paper we present an international trade model with exhaustible resources and characterize the general equilibrium properties. The general perspective adopted leads to new insights compared with a partial equilibrium approach.