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Non-Renewable Resources and Disequilibrium Macrodynamics.
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...
| Autor principal: | |
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| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
London :
Taylor and Francis,
2017.
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| Edición: | First edition. |
| Colección: | Routledge Library Editions: Environmental and Natural Resource Economics
Routledge Library Editions: Environmental and Natural Resource Economics ; Volume 10 |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Marks, Robert. | |
| 245 | 1 | 0 | |a Non-Renewable Resources and Disequilibrium Macrodynamics. |
| 250 | |a First edition. | ||
| 264 | 1 | |a London : |b Taylor and Francis, |c 2017. | |
| 300 | |a 1 online resource : |b text file, PDF | ||
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| 490 | 0 | |a Routledge Library Editions: Environmental and Natural Resource Economics | |
| 490 | 0 | |a Routledge Library Editions: Environmental and Natural Resource Economics ; |v Volume 10 | |
| 520 | 2 | |a 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. | |
| 505 | 0 | |a Cover -- Half Title -- Title Page -- Copyright Page -- Dedication -- Contents -- CHAPTER ONE: INTRODUCTION -- 1.1. The economics of non-renewable natural resources -- 1.2. Disequilibrium adjustment with non-market-clearing trading -- 1.3. The basic assumptions -- 1.4. Outline of the study -- CHAPTER TWO: THE BASIC MODEL -- 2.1. Essentials of the basic model -- 2.2. Representative behaviour in the basic model -- 2.2.1. The firms -- 2.2.2. The households -- 2.2.3. The resource suppliers -- 2.2.4. The government -- 2.2:5. The investors | |
| 505 | 8 | |a 2.3. Comparative statics2.3.1. Market-clearing conditions -- 2.3.2. The effects of exogenous disturbances -- 2.4. Dynamic analysis in the basic model -- 2.4.1. The basis for notional schedules -- 2.4.2. Price adjustments -- 2.4.3. The dynamics of adjustment -- CHAPTER THREE: A SIMPLE FIX-PRICE DISEQUILIBRIUM MODEL -- 3.1. Non-market-clearing exchange -- 3.1.1. Price rigidities in the short run -- 3.1.2. Properties of a non-market-clearing equilibrium -- 3.1.3. Effective demand and supply schedules -- 3.2. Types of fix-price equilibria | |
| 505 | 8 | |a 3.3. SC: The case of classical unemployment3.3.1. The behaviour of the firms in the SC case -- 3.3.2. The behaviour of the households in the SC case -- 3.3.3. The determination of quantities in the SC case -- 3.3.4. Comparative statics of the SC case -- 3.4. DC: The case of the Keynesian unemployment -- 3.4.1. The behaviour of the households in the DC case -- 3.4.2. The behaviour of the firms in the DC case -- 3.4.3. The determination of quantities in the DC case -- 3.4.4. Comparative statics of the DC case -- 3.5. NRC: The case of repressed inflation | |
| 505 | 8 | |a 3.5.1. The behaviour of the households in the NRC case3.5.2. The behaviour of the firms in the NRC case -- 3.5.3. The determination of quanities in the NRC case -- 3.5.4. Comparative statics of the NRC case -- 3.6. Output, employment, and resource use in general -- 3.6.1. Effective market-clearing loci -- 3.6.2. Comparative statics of the effective market-clearing loci -- CHAPTER FOUR: PRICE ADJUSTMENTS IN THE DISEQUILIBRIUM MODEL -- 4.1. Price determination -- 4.1.1. SF: The simple formulation of price adjustment | |
| 505 | 8 | |a 4.1.2. AF: The alternative formulation of price adjustment4.2. Stability of the quasi-equilibria -- 4.2.1. Stability in the simple formulation case -- 4.2.2. Stability in the alternative formulation case -- 4.3. Comparative statics of the quasi-equilibria -- 4.3.1. Comparative statics with the simple formulation -- 4.3.2. Comparative statics with the alternative formulation -- 4.4. Summary of Chapters Three and Four -- CHAPTER FIVE: EXPECTATIONS AND THE SUPPLY OF RESOURCE FLOW -- 5.1. The Hotelling principle -- 5.2. Expectations and resource supply | |
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Power resources |x Mathematical models. | |
| 650 | 0 | |a Nonrenewable natural resources |x Mathematical models. | |
| 650 | 0 | |a Equilibrium (Economics) | |
| 650 | 6 | |a Ressources énergétiques |x Modèles mathématiques. | |
| 650 | 6 | |a Ressources non renouvelables |x Modèles mathématiques. | |
| 650 | 0 | 7 | |a BUSINESS & ECONOMICS |x Economics |x General. |2 bisacsh |
| 650 | 0 | 7 | |a BUSINESS & ECONOMICS |x Industries |x Natural Resource Extraction. |2 bisacsh |
| 650 | 7 | |a Equilibrium (Economics) |2 fast | |
| 650 | 7 | |a Nonrenewable natural resources |x Mathematical models |2 fast | |
| 650 | 7 | |a Power resources |x Mathematical models |2 fast | |
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| 776 | 0 | |z 1315108593 |z 9781315108599 | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=5107874 |z Texto completo |
| 938 | |a ProQuest Ebook Central |b EBLB |n EBL5107874 | ||
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| 938 | |a Taylor & Francis |b TAFR |n 9781315108599 | ||
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