Economic Theory and Exhaustible Resources [Paperback]

A presentation of the economic principles relating to the use and management of natural resources, including analysis of optimal use policies.A presentation of the economic principles relating to the use and management of natural resources, including analysis of optimal use policies.A presentation of the economic principles relating to the use and management of natural resources, including analysis of optimal use policies.1. A preview; 2. Resource allocation in a timeless world; 3. Externalities; 4. Intertemporal equilibrium; 5. Renewable resources: some ecological and environmental models; 6. Exhaustible resources: an introduction; 7. Production with exhaustible resources; 8. Resource depletion and capital accumulation in a competitive economy accumulation in a competitive economy; 9. Measureability, comparability and the aggregation of intergenerational welfares; 10. The optimal depletion of exhaustible; 11. Imperfect competition and exhaustible resources; 12. Taxation of exhaustible resources; 13. Uncertainty, information and the allocation of risk; 14. Uncertainty and the allocation of resources; 15. price movements in resource markets; 16. Conclusions; Bibliography; Index.