| Title: | Essays in the economics of exhaustible resources |
| Authors: | Murray C. Kemp, Editor ; Ngo Van Long, Editor |
| Publisher: | Amsterdam : North Holland, 1984 |
| Series: | Contributions to economic analysis, num. 150 |
| ISBN (or other code): | 978-0-444-86791-9 |
| Size: | X-249 p / 23 cm |
| Languages: | English |
| Descriptors: |
[Eurovoc] FINANCE > taxation |
| Tags: | Natural resources ; Mathematical models |
| Abstract: |
Contributions to Economic Analysis, 150: Essays in the Economics of Exhaustible Resources focuses on the processes, principles, methodologies, and approaches involved in the economics of exhaustible resources.
The selection first elaborates on the problem of survival, towards a more general theory of the order of exploitation of non-renewable resource-deposits, and the optimal order of exploitation of deposits of a renewable resource. Discussions focus on optimal trajectory, stable locus, assumptions and formulation, set-up costs and flow fixed costs, possibility of storage, costly extraction of deposits, and technical progress. 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 substitute. The manuscript takes a look at optimal taxation and economic depreciation, efficiency of competitive markets in a context of exhaustible resources, and oligopolistic extraction of a common-property resource. Topics include rational-expectations equilibrium, implausibility of the assumption of competition, second-best taxation and the undesirability of the economic depreciation rule, and the effect of other taxes. The selection is a valuable reference for researchers interested in the economics of exhaustible resources. |
| Contents note: |
Table of Contents
Preface Part I: Introduction Essay 1 The State of the Art Part II: The Problem of Survival Essay 2 The Problem of Survival: A Closed Economy Essay 3 The Problem of Survival: An Open Economy Part III: The Optimal Order of Exploitation Essay 4 Towards a More General Theory of the Order of Exploitation of Non-Renewable Resource-Deposits Essay 5 The Optimal Order of Exploitation of Deposits of a Renewable Resource Essay 6 On the Transition from an Exhaustible Resource-Stock to an Inexhaustible Substitute Essay 7 On the Development of a Substitute for an Exhaustible Natural Resource Essay 8 The Optimal Restriction of Resource Imports and the Optimal Investment in Capacity for Substitute Production Part IV: The Economics of Forests and Fisheries Essay 9 On the Economics of Forests Essay 10 On the Economics of International Fisheries Essay 11 Oligopolistic Extraction of a Common-Property Resource: Dynamic Equilibria Part V: Exhaustible Resources and Welfare Economics Essay 12 The Efficiency of Competitive Markets in a Context Of Exhaustible Resources Essay 13 Optimal Taxation and Economic Depreciation: A General Equilibrium Model with Capital and an Exhaustible Resource Author Index Subject Index |
Copies (1)
| Barcode | Call number | Media type | Location | Section | Status |
|---|---|---|---|---|---|
| 001744 | MA 203 | Livre | Centre de documentation du CERDI / Ecole d'Economie | Salle de lecture | Available |
