Non-Renewable Resources and Disequilibrium Macrodynamics.

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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...

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Detalles Bibliográficos
Autor principal: Marks, Robert
Formato: Electrónico eBook
Idioma:Inglés
Publicado: London : Taylor and Francis, 2017.
Edición:First edition.
Colección:Routledge Library Editions: Environmental and Natural Resource Economics
Routledge Library Editions: Environmental and Natural Resource Economics ; Volume 10
Temas:
Power resources > Mathematical models.
Nonrenewable natural resources > Mathematical models.
Equilibrium (Economics)
Ressources énergétiques > Modèles mathématiques.
Ressources non renouvelables > Modèles mathématiques.
BUSINESS & ECONOMICS > Economics > General.
BUSINESS & ECONOMICS > Industries > Natural Resource Extraction.
Nonrenewable natural resources > Mathematical models
Power resources > Mathematical models
Acceso en línea:Texto completo
Tabla de Contenidos:
  • 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
  • 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
  • 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
  • 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
  • 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

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