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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Bibliographic Details
Main Author: Marks, Robert
Format: Electronic eBook
Language:Inglés
Published: London : Taylor and Francis, 2017.
Edition:First edition.
Series:Routledge Library Editions: Environmental and Natural Resource Economics
Routledge Library Editions: Environmental and Natural Resource Economics ; Volume 10
Subjects:
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
Online Access:Texto completo
Description
Summary: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.
Physical Description:1 online resource : text file, PDF
ISBN:9781315108599
1315108593

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