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The Optimal Exploitation of an Unknown Reserve Glenn C. Loury The Review of Economic Studies, Vol. 45, No. 3. (Oct., 1978), pp. 621-636. Stable URL: http://links.jstor.org/sici?sici=0034-6527%28197810%2945%3A3%3C621%3ATOEOAU%3E2.0.CO%3B2-5 The Review of Economic Studies is currently published by The Review of Economic Studies Ltd.. Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at http://www.jstor.org/journals/resl.html. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is an independent not-for-profit organization dedicated to and preserving a digital archive of scholarly journals. For more information regarding JSTOR, please contact [email protected]. http://www.jstor.org Sat Mar 3 08:43:12 2007

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Page 1: The Optimal Exploitation of an Unknown Reserve Glenn C ......You have printed the following article: The Optimal Exploitation of an Unknown Reserve Glenn C. Loury The Review of Economic

The Optimal Exploitation of an Unknown Reserve

Glenn C. Loury

The Review of Economic Studies, Vol. 45, No. 3. (Oct., 1978), pp. 621-636.

Stable URL:

http://links.jstor.org/sici?sici=0034-6527%28197810%2945%3A3%3C621%3ATOEOAU%3E2.0.CO%3B2-5

The Review of Economic Studies is currently published by The Review of Economic Studies Ltd..

Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available athttp://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtainedprior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content inthe JSTOR archive only for your personal, non-commercial use.

Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained athttp://www.jstor.org/journals/resl.html.

Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printedpage of such transmission.

JSTOR is an independent not-for-profit organization dedicated to and preserving a digital archive of scholarly journals. Formore information regarding JSTOR, please contact [email protected].

http://www.jstor.orgSat Mar 3 08:43:12 2007

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You have printed the following article:

The Optimal Exploitation of an Unknown ReserveGlenn C. LouryThe Review of Economic Studies, Vol. 45, No. 3. (Oct., 1978), pp. 621-636.Stable URL:

http://links.jstor.org/sici?sici=0034-6527%28197810%2945%3A3%3C621%3ATOEOAU%3E2.0.CO%3B2-5

This article references the following linked citations. If you are trying to access articles from anoff-campus location, you may be required to first logon via your library web site to access JSTOR. Pleasevisit your library's website or contact a librarian to learn about options for remote access to JSTOR.

Notes

5 Uncertain Lifetime, Life Insurance, and the Theory of the ConsumerMenahem E. YaariThe Review of Economic Studies, Vol. 32, No. 2. (Apr., 1965), pp. 137-150.Stable URL:

http://links.jstor.org/sici?sici=0034-6527%28196504%2932%3A2%3C137%3AULLIAT%3E2.0.CO%3B2-T

6 Myopia and Inconsistency in Dynamic Utility MaximizationR. H. StrotzThe Review of Economic Studies, Vol. 23, No. 3. (1955 - 1956), pp. 165-180.Stable URL:

http://links.jstor.org/sici?sici=0034-6527%281955%2F1956%2923%3A3%3C165%3AMAIIDU%3E2.0.CO%3B2-%23

7 On the Welfare Significance of National Product in a Dynamic EconomyMartin L. WeitzmanThe Quarterly Journal of Economics, Vol. 90, No. 1. (Feb., 1976), pp. 156-162.Stable URL:

http://links.jstor.org/sici?sici=0033-5533%28197602%2990%3A1%3C156%3AOTWSON%3E2.0.CO%3B2-0

References

http://www.jstor.org

LINKED CITATIONS- Page 1 of 2 -

NOTE: The reference numbering from the original has been maintained in this citation list.

Page 19: The Optimal Exploitation of an Unknown Reserve Glenn C ......You have printed the following article: The Optimal Exploitation of an Unknown Reserve Glenn C. Loury The Review of Economic

The Optimal Depletion of Exhaustible ResourcesPartha Dasgupta; Geoffrey HealThe Review of Economic Studies, Vol. 41, Symposium on the Economics of Exhaustible Resources.(1974), pp. 3-28.Stable URL:

http://links.jstor.org/sici?sici=0034-6527%281974%2941%3C3%3ATODOER%3E2.0.CO%3B2-1

Proof for a Case where Discounting Advances the DoomsdayTjalling C. KoopmansThe Review of Economic Studies, Vol. 41, Symposium on the Economics of Exhaustible Resources.(1974), pp. 117-120.Stable URL:

http://links.jstor.org/sici?sici=0034-6527%281974%2941%3C117%3APFACWD%3E2.0.CO%3B2-D

Myopia and Inconsistency in Dynamic Utility MaximizationR. H. StrotzThe Review of Economic Studies, Vol. 23, No. 3. (1955 - 1956), pp. 165-180.Stable URL:

http://links.jstor.org/sici?sici=0034-6527%281955%2F1956%2923%3A3%3C165%3AMAIIDU%3E2.0.CO%3B2-%23

The Optimal Consumption of Depletable Natural ResourcesMilton C. Weinstein; Richard J. ZeckhauserThe Quarterly Journal of Economics, Vol. 89, No. 3. (Aug., 1975), pp. 371-392.Stable URL:

http://links.jstor.org/sici?sici=0033-5533%28197508%2989%3A3%3C371%3ATOCODN%3E2.0.CO%3B2-R

On the Welfare Significance of National Product in a Dynamic EconomyMartin L. WeitzmanThe Quarterly Journal of Economics, Vol. 90, No. 1. (Feb., 1976), pp. 156-162.Stable URL:

http://links.jstor.org/sici?sici=0033-5533%28197602%2990%3A1%3C156%3AOTWSON%3E2.0.CO%3B2-0

Uncertain Lifetime, Life Insurance, and the Theory of the ConsumerMenahem E. YaariThe Review of Economic Studies, Vol. 32, No. 2. (Apr., 1965), pp. 137-150.Stable URL:

http://links.jstor.org/sici?sici=0034-6527%28196504%2932%3A2%3C137%3AULLIAT%3E2.0.CO%3B2-T

http://www.jstor.org

LINKED CITATIONS- Page 2 of 2 -

NOTE: The reference numbering from the original has been maintained in this citation list.