The Impact of Information upon the Exploitation Sequence of Exhaustible Resources: A Searching Model and the Factor Analysis

Many scholars have studied the optimum exploitation sequence of the exhaustible resource, but one of its common characteristics is to establish a planning model and to seek the optimum solution under different bound conditions. This paper establishes a model from the angle of information searching and reveals the motives of the arrangement of exploitation sequence for the contemporary people. This model analyzes the mechanism of technical progress, exploitation reserves, information symmetry and searching cost in the system. The study finds out there is common influence of technology and reserves in the allocation of the exhaustible resources. The best degree of information symmetry in the exploitation sequence system is a special value decided by the increasing technical progress, the increasing exploitation reserves and single phase searching cost.