Non-renewable resources extraction programs and markets

Bibliographic Information

Non-renewable resources extraction programs and markets

John M. Hartwick

(Harwood fundamentals of pure and applied economics / editors in chief, J. Lesourne, H. Sonnenschein, 31 . Environmental & natural resource economics ; 1)

Routledge, 2001

  • : set

Other Title

Non-renewable resources : extraction programs and markets

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Note

Reprint. Originally published: Chur, Switzerland : Harwood Academic Publishers, c1989. (Fundamentals of pure and applied economics ; v. 33. Natural resources and environmental economics section)

Includes bibliographical references (p. 124-129) and index

Description and Table of Contents

Volume

: set ISBN 9780415269513

Description

First published in 2002. Routledge is an imprint of Taylor & Francis, an informa company.

Table of Contents

J. Hartwick Non-renewable Resources Extraction Programs and Markets J. Cremer and D. Salehi-Isfahani Models of the Oil Market P. Lasserre Long Term Control of Exhaustible Resources
Volume

ISBN 9780415274609

Description

Considers the role of economics in discussions about the depletion of finite stocks of natural resources including oil.

Table of Contents

  • 1. INTRODUCTION
  • 2. THE PRICE-TAKING RESOURCE-EXTRACTING FIRM
  • Introduction
  • Details of the Resource Extracting Firm
  • Asset Equilibrium Along Optimal Programs
  • The Output Constrained Firm and Initial Investments
  • Solving the Model of the Firm and Comparative Statics
  • A Production Function for Extraction for the Resource Extracting Firm
  • Uncertainty in the Future Value of a Parameter
  • Two Deposits of Uncertain Size Facing the Firm
  • Varying Quality of Ore in the Model of the Extracting Firm
  • 3. A RESOURCE EXTRACTION INDUSTRY
  • Introduction
  • The Industry in Detail
  • Exhaustion of Finite Stocks and Society's Future
  • Solving the Hotelling Model and Comparative Statics
  • The Constant Elasticity of Demand (Zero Extraction Cost) Example
  • The Linear Demand (Constant Extraction Cost) Example
  • Quality Variation in the Industry Model
  • Many Certain Deposits with Distinct Constant Extraction Costs
  • Asset Equilibrium and Two Market Failures
  • Monopoly Extraction
  • 4. THE BACKSTOP AND OLIGOPOLY
  • Introduction
  • The Backstop Supply and Extraction Programs
  • Uncertainty in the Date of Arrival of the Backstop
  • Oligopoly and Extraction Programs
  • Cournot Oligopoly with n Extracting Firms
  • A Dominant Seller and a Competitive Fringe
  • Oligopoly Under Alternative Solution Concepts
  • Oligopoly With Imperfect Property Rights for Stocks
  • 5. EXPLORATION AND TAXATION
  • Introduction
  • The Firm Exploring Under Certainty
  • Uncertainty in Exploration by the Firm
  • Search and Rent Dissipation
  • Auctions and Resource Tract Sales
  • Taxation of Exhaustible Resources
  • 6. ECONOMIC GROWTH AND EXHAUSTIBLE RESOURCES
  • Introduction
  • Accumulation of Reproducible Capital (Population and Technology Unchanging)
  • Investing Resource Rents
  • Population Growth and Technical Progress
  • Growth Without Extraction Costs (positive population growth with Neutral Technical Change)
  • Growth Accounting with Exhaustible Resources
  • 7. THEORY AND FACTS (STYLIZED AND OTHERWISE)
  • References
  • Appendix I: Notes on the Historical Background to Rent on Exhaustible Resources
  • Appendix II: Economic Depreciation and Asset Equilibrium
  • Appendix III: Costly Exploration and Extraction
  • Index

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Details

  • NCID
    BA57013571
  • ISBN
    • 0415269512
    • 0415274605
  • Country Code
    uk
  • Title Language Code
    eng
  • Text Language Code
    eng
  • Place of Publication
    London
  • Pages/Volumes
    ix, 150 p.
  • Size
    23 cm
  • Subject Headings
  • Parent Bibliography ID
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