A Nonclassical View on the "optimal" Depletion of an Exhaustible Resource PDF Download
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Author: Dov Bobrovitch
Publisher:
ISBN:
Category : Mineral industries
Languages : en
Pages : 38
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Author: Dov Bobrovitch
Publisher:
ISBN:
Category : Mineral industries
Languages : en
Pages : 38
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Book Description
Author: Hassan Benchekroun
Publisher:
ISBN: 9782893825922
Category :
Languages : en
Pages : 28
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Book Description
Author: Anthony C. Fisher
Publisher: Cambridge University Press
ISBN: 9780521243063
Category : Business & Economics
Languages : en
Pages : 308
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Book Description
This book presents the major themes of the economic literature on natural resources and the environment. It is designed to bring the reader, in part with the aid of a unified model of optimal resource use, to the frontiers of the discipline, using only elementary mathematical models. Features special to exhaustible and renewable resources, including the problems posed by market imperfections, are treated as extensions of the basic model. The theoretical discussion is enriched with examples and applications, including a systematic investigation of the behaviour of resource reserves, costs, prices, and substitution possibilities. Substantial attention to environmental, as well as extractive, resources is a distinctive aspect of this book. The author describes methods of estimating the environmental costs of resource development and other projects, and presents some key empirical findings. Policy instruments to protect the environment, such as taxes, subsidies, marketable permits, and direct controls, are carefully analysed from a welfare-theoretic point of view.
Author: P. S. Dasgupta
Publisher: Cambridge University Press
ISBN: 9780521297615
Category : Business & Economics
Languages : en
Pages : 520
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Book Description
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 resources.
Author: R. Davison
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Robert A. Levin
Publisher:
ISBN:
Category : Natural resources
Languages : en
Pages : 330
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Author: Suresh Sethi
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This paper considers an optimal control problem for the dynamics of an exhaustible natural resource model, the optimal control being the price over time to maximize the total present value of a parameterized social welfare function under the assumption that a substitute become available at a high enough price. Thus, the problem can be reinterpreted as one of the optimal phasing-in of an expensive substitute. Furthermore, the problem is constrained in the sense that the total consumption of the natural resource implied by a price trajectory via the assumed demand function must not exceed the available reserves. The problem is solved, using the maximum principle, for a complete range of the parameter reflecting the weights assigned to the consumer's surplus and the producer's surplus in the social welfare function. The results and algorithms obtained in the paper are illustrated by an example.
Author: Tapan Mitra
Publisher:
ISBN:
Category : Natural resources
Languages : en
Pages : 5
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Author: Dale Edward Lehman
Publisher:
ISBN:
Category : Natural resources
Languages : en
Pages : 462
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Author: Tapan Mitra
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 5
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Book Description
