Abstract
The paper derives a method which is useful for several problems in which one wishes to analyze how changes in various future conditions affect current economic variables. The examples given in the paper are in natural resource economics. In particular, it is shown that a specific type of an inward shift in the demand function facing a resource extracting monopolist always will increase the initial resource price charged by the monopolist. The method is also used to give a simple proof of the fact that resource stock uncertainty reduces the socially optimal initial rate of resource extraction. The method derived in the paper has applications also in areas other than natural resource economics.
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