Non-Renewable Resources and Disequilibrium Macrodynamics: Routledge Library Editions: Environmental and Natural Resource Economics
Autor Robert Marksen Limba Engleză Paperback – 24 apr 2019
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Specificații
ISBN-13: 9781138090552
ISBN-10: 1138090557
Pagini: 362
Dimensiuni: 156 x 234 x 19 mm
Greutate: 0.45 kg
Ediția:1
Editura: Taylor & Francis
Colecția Routledge
Seria Routledge Library Editions: Environmental and Natural Resource Economics
Locul publicării:Oxford, United Kingdom
ISBN-10: 1138090557
Pagini: 362
Dimensiuni: 156 x 234 x 19 mm
Greutate: 0.45 kg
Ediția:1
Editura: Taylor & Francis
Colecția Routledge
Seria Routledge Library Editions: Environmental and Natural Resource Economics
Locul publicării:Oxford, United Kingdom
Public țintă
Postgraduate and UndergraduateCuprins
1. Introduction 2. The Basic Model 3. A Simple Fix-Price Disequilibrium Model 4. Price Adjustments in the Disequilibrium Model 5. Expectations and the Supply of Resource Flow 6. Conclusion
Descriere
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.