Competitive Pricing of Non-renewable Natural Resources PDF Download

Author: Stanford University. Energy Modeling Forum
Publisher:
ISBN:
Category :
Languages : en
Pages : 102

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Author: Nick Hanley
Publisher: Oxford University Press on Demand
ISBN: 9780195212556
Category : Business & Economics
Languages : en
Pages : 464

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Book Description
Environmental Economics in Theory and Practice provides a thorough and coherent review and discussion of environmental economics. It is a guide to the most important areas of natural resource and environmental economics, including the economics of non-renewable and renewable resource extraction, the economics of pollution control, the application of cost-benefit analysis to the environment, and the economics of sustainable development. The book concentrates on key elements of economic theory, and shows how they can be applied to real-world problems. Particular emphasis is placed on analyzing recent empirical studies from all over the world along with in-depth coverage of various economic models. Each chapter develops the main theoretical results and recent analytic techniques necessary for understanding applications. Throughout the book, results are presented in words, graphs, and mathematical models; brief technical notes inform readers about optimal control theory, the Kuhn-Tucker conditions, game theory, and linear programming. Moving through the laws of thermodynamics to an analysis of market failure, the book turns to the economics of natural resources and pollution control. It concludes with an examination of environmental cost-benefit analysis and sustainable development. A comprehensive text, it is particularly suitable for use in advanced undergraduate and graduate courses in environmental and resource economics. Because of up-to-date coverage, it will also be of interest to professionals working in resource and environmental economics.

Author: Robert Marks
Publisher: Routledge
ISBN: 1351610511
Category : Business & Economics
Languages : en
Pages : 388

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Book Description
This study, first published in 1979, continues by examining the question of whether a competitive economy can efficiently allocate a stock of non-renewable natural resources through time. Long-run analyses of competitive economies with such resources have concluded that, without perfect foresight or a complete set of future markets extending infinitely far into the future, there is no economic mechanism to guarantee that the initial price is set so that the economy converges to the socially desirable path of balanced growth. This title will be of interest to students of environmental and natural resource economics.

Author: Andrey Vavilov
Publisher: Springer Nature
ISBN: 3030767531
Category : Business & Economics
Languages : en
Pages : 314

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Book Description
This book examines the economics of natural resource markets and pricing, as well as the field of natural resource economics in general. It presents the key contributions to this field of research, including the pioneering works and contemporary studies. The book highlights the basic principles and ideas underlying theoretical models of resource pricing. The models considered in the book underline the fundamental determinants of resource prices and the economic nature of rents for non-renewable and renewable resources. Besides the classical theory of exhaustible resource economics, the book includes several issues that are of high importance for global economic growth, such as the transition to alternative energy and the economics of climate change. The authors also consider the issues of commodity pricing and a resource cartel’s activity that are relevant to the world oil market. The book provides analytical solutions illustrated with numerical examples. It allows an intuitive understanding of the subject and the model inferences through graphical illustrations and an informal introduction. It, therefore, is a must-read for everybody interested in a better understanding of resource prices, resource markets, and resource economics.

Author: Margaret E. Slade
Publisher: World Bank Publications
ISBN:
Category : Environmental protection
Languages : en
Pages : 34

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Book Description
Not systematically, except for the environmental externalities associated with the production and use of natural- resource commodities - especially mineral commodities, which cause the most pollution.

Author: Larry Karp
Publisher: MIT Press
ISBN: 0262534053
Category : Business & Economics
Languages : en
Pages : 433

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Book Description
An introduction to the concepts and tools of natural resource economics, including dynamic models, market failures, and institutional remedies. This introduction to natural resource economics treats resources as a type of capital; their management is an investment problem requiring forward-looking behavior within a dynamic setting. Market failures are widespread, often associated with incomplete or nonexistent property rights, complicated by policy failures. The book covers standard resource economics topics, including both the Hotelling model for nonrenewable resources and models for renewable resources. The book also includes some topics in environmental economics that overlap with natural resource economics, including climate change. The text emphasizes skills and intuition needed to think about dynamic models and institutional remedies in the presence of both market and policy failures. It presents the nuts and bolts of resource economics as applied to nonrenewable resources, including the two-period model, stock-dependent costs, and resource scarcity. The chapters on renewable resources cover such topics as property rights as an alternative to regulation, the growth function, steady states, and maximum sustainable yield, using fisheries as a concrete setting. Other, less standard, topics covered include microeconomic issues such as arbitrage and the use of discounting; policy problems including the “Green Paradox”; foundations for policy analysis when market failures are important; and taxation. Appendixes offer reviews of the relevant mathematics. The book is suitable for use by upper-level undergraduates or, with the appendixes, masters-level courses.

Author: Robert Halvorsen
Publisher: Edward Elgar Publishing
ISBN: 9781781952238
Category : Nonrenewable natural resources
Languages : en
Pages : 0

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Book Description
The economics of nonrenewable resources addresses some of the most problematic issues concerning the sustainability of the world economy. This comprehensive one volume collection contains forty-six of the most important and influential journal articles by some of the leading scholars in the field. Subjects included are: an introduction to the economics of nonrenewable resources; theoretical foundations for the field; nonhomogeneous resources; exploration and uncertainty; market structure; taxation and global climate change. The collection concludes with a discussion of the empirical research and the extent to which nonrenewable resources constrain economic growth as well as the consistency of the theoretical predictions of Hotelling-type models with actual economic outcomes. With an original introduction by the editor, this collection will be an important resource for students, academics and practitioners.

Author: Eric Roark
Publisher: Lexington Books
ISBN: 073917469X
Category : Philosophy
Languages : en
Pages : 207

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Book Description
Removing the Commons examines the moral condition in which people can remove--through either use or appropriation--natural resources from the commons. This task begins with a robust defense of the view that natural resources initially belong to all people. Granting that natural resources initially belong to all people, it follows that all people have a claim that limits the way in which others may go about taking or removing natural resources from the commons. In assessing these limitations, Eric Roark argues for a Lockean left-libertarian theory of justice in which all people have the right of self-ownership and may only remove natural resources from the commons if they adhere to the Lockean Proviso by leaving “enough and as good” for others. Roark’s account goes beyond existing treatments of the Lockean Proviso by insisting that the duty to leave enough and as good for others applies not merely to those who appropriate natural resources from the commons, but also to those who use natural resources within the commons. Removing the Commons defends a Georgist interpretation of the Lockean Proviso in which those who remove natural resources from the commons must pay the competitive rent of their removal in a fashion that best promotes equal opportunity for welfare. Finally, Roark gives extended consideration to the implications that the developed Lockean Left-Libertarian account of removing natural resources from the commons poses toward both global poverty and environmental degradation.

Author: Anna Ujwary-Gil
Publisher: WSB-NLU
ISBN: 8388421808
Category :
Languages : en
Pages : 338

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Book Description

Author: David King
Publisher: Oxford University Press
ISBN: 019954302X
Category : Business & Economics
Languages : en
Pages : 699

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Book Description
A refreshingly straightforward textbook that reinforces understanding of economic theory by placing student experiences at the heart of learning. Easy to follow concepts are presented at an appropriate pace and in a relevant and engaging manner, while still covering all the essential material needed on an introductory economics module.