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Sunday, July 19, 2020 | History

2 edition of economical use of exhaustible resources. found in the catalog.

economical use of exhaustible resources.

Donald A. Nichols

economical use of exhaustible resources.

by Donald A. Nichols

  • 242 Want to read
  • 14 Currently reading

Published by MSS Modular Publications in [New York .
Written in English

    Subjects:
  • Conservation of natural resources -- Economic aspects.,
  • Environmental policy.

  • Edition Notes

    SeriesMSS modular publication, Module 50
    The Physical Object
    Pagination23 p. :
    Number of Pages23
    ID Numbers
    Open LibraryOL22064201M

    The events of our time reveal a world where people are more able than ever before to exploit their environment. There are questions about when and how to use resources and about the ability of current institutions to make the appropriate decisions concerning their allocation. Natural Resource Economics explores the positive contribution that economics can make to resolving issues of all kinds 5/5(1). an economic theory that is consistent with the data. Unfortunately, current theory fails in this regard. This paper has shown that existing models suggest that the payoff from leaving exhaustible resources in the ground is on average lower than the payoff from extracting all resources immediately and investing the proceeds in financialCited by: 2.

    Books Division. Chicago Distribution Center. SUBSCRIBE. LOG IN "The Economics of Exhaustible Resources," Journal of Political Econ no. 2 (Apr., ): Using Behavioral Economics to Increase Employee Saving. Thaler et al. East 60th Street, Chicago, IL ;Cited by: Oil Prices, Exhaustible Resources, and Economic Growth* James D. Hamilton Department of Economics University of California, San Diego email: [email protected] Octo Revised: October 1, ∗Prepared for Handbook of Energy and Climate Change. I thank Roger Fouquet and Lutz Kilian for helpful comments on an earlier draft. 1.

    Originally published in Professor Robinson begins by examining natural resource classification and the nature of return in mining, giving particular emphasis to different sources of long-run price changes in mining and their relevance for user cost and the economic treatment for exhaustible resources. He then traces the development of the economic theory of exhaustible resources from the. This paper presents an overview of the key economic results associated with the use of non-renewable resources. The basic Hotelling model of resource depletion is discussed, followed by several extensions. The fundamental result is that scarcity rent rises at the discount rate, and that, at equilibrium, marginal benefits from extraction must equal the marginal economic cost.


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Economical use of exhaustible resources by Donald A. Nichols Download PDF EPUB FB2

A book on the economics of exhaustible resources requires no justification. A long book does. The purist will find disquieting our two-asset, constant population model with which we analyse growth possibilities in an economy with exhaustible by: Cambridge Core - Natural Resource and Environmental Economics - Economic Theory and Exhaustible Resources - by P.

Dasgupta Skip to main content Accessibility help We use cookies to distinguish you from other users and to provide you with a better experience on our by: 1. Economic Theory and Exhaustible Resources.

A presentation of the economic principles relating to the use and management of natural resources, including analysis of optimal use policies. The text then examines the transition from an exhaustible resource-stock to an inexhaustible substitute and the development of a substitute for an exhaustible natural resource, including dispersed ownership of the resource, social optimum, and single monopoly of the resource and its Edition: 1.

Economic Theory and Exhaustible Resources - by P. Dasgupta March Skip to main content Accessibility help We use cookies to distinguish you from other users and to provide you with a better experience on our : P. Dasgupta, G. Heal. THE ECONOMICS OF EXHAUSTIBLE RESOURCES I43 3.

MAXIMUM SOCIAL VALUE AND STATE INTERFERENCE As in the static case, there is under free competition in the ab-sence of complicating factors a certain tendency toward maxi-mizing what might be called the "total utility" but is better called the "social value of the resource." For a unit of time this quan.

The benchmark model of an exhaustible resource industry provides support for the use of both extraction cost and the resource price as measures of scarcity. The ‘cheapest first’ rule suggests that deposits with the lowest extraction cost will tend to be extracted first.

THE JOURNAL OF POLITICAL ECONOMY Volume 39 APRIL Number 2 TIIE ECONOMICS OF EXHAUSTIBLE RESOURCES CI. THE PECULIAR PROBLEMS OF MINERAL WEALTH ONTEMPLATION of the world's disappearing supplies of minerals, forests, and other exhaustible File Size: KB.

Exhaustible Resources and Economic Growth Michiel W.A. de Jong - Senior Sophister Theories of exhaustibility of resources have varied from the apocalyptic to ultra-optimistic in the last years.

An examination of these and of the range between them is made here by Michiel de Jong, all in the context of a drive for economic growth. Solow R.M. () The Economics of Resources or the Resources of Economics. In: Gopalakrishnan C. (eds) Classic Papers in Natural Resource Economics.

Palgrave Macmillan, LondonCited by: A presentation of the economic principles relating to the use and management of natural resources, including analysis of optimal use policies. Advanced search Economic literature: papers, articles, software, chapters, books.

Resource depletion and capital accumulation in a competitive economy accumulation in a competitive economy; 9. Measureability, comparability and the aggregation of intergenerational welfares; The optimal depletion of exhaustible; Imperfect competition and exhaustible resources; Taxation of exhaustible resources; Corrections.

All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eebookSee general information about how to correct material in RePEc. For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic.

This chapter considers whether sustained economic growth is feasible when an exhaustible and non-renewable resource is used in production. Examples of exhaustible natural resources are fossil fuels such as oil, coal, and natural gas, as well as minerals like iron, copper, and : Clas Eriksson.

Essays in the Economics of Exhaustible Resources. Edited by M.C. KEMP, N.V. LONG. VolumePages () On the transition from an exhaustible resource-stock to an inexhaustible substitute.

Exhaustible Resources and Welfare Economics. The fourteen papers included in this book are grouped into five sections: the intertemporal problem; externalities and market failure; property rights; institutions and public choice; the economics of exhaustible resources; and the economics of renewable resources.

Each section represents a major area in natural resource economics. A test of the theory of nonrenewable resources: controlling for exploration and market power. Malischek, Raimund, () Sustainability and constant consumption paths in open economies with exhaustible resources. Hartwick, John M., ().

The economics of exhaustible resources is expressed through Hotelling’s rule. Hotelling’s rule states that the most socially and economically profitable extraction path of a non-renewable resource is one along which the price of the resource, determined by the marginal net revenue from the sale of the resource, increases at the rate of.

Essays in the Economics of Exhaustible Resources (ISSN) - Kindle edition by Long, N. V., Kemp, M. Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks, note taking and highlighting while reading Essays in the Economics of Exhaustible Resources (ISSN).Manufacturer: North Holland.

Economic Theory and Exhaustible Resources (Cambridge Economic Handbooks) by Dasgupta, P. and G. Heal: and a great selection of related books. @article{osti_, title = {Efficient use of energy resources}, author = {Nordhaus, W.D.}, abstractNote = {Few problems facing mankind today rival the importance of using the earth's exhaustible energy resources efficiently.

The fundamental economic question is: how fast should we consume our low-cost resources, which, most efficiently, should be used before our more expensive resources.See [16] for a Cournot dynamic game with exhaustible resources and [23] for a dynamic Bertrand game in which firms of different sizes begin competing with asymmetric lifetime capacities.

Study of.Economic Theory and Exhaustible Resources 作者: P. S. Dasgupta 出版社: Cambridge University Press 出版年: 页数: 定价: GBP 装帧: Paperback ISBN: