Non-Renewable Resources and Disequilibrium Macrodynamics

AvRobert Marks

Häftad, Engelska, 2019

Del i serien Routledge Library Editions: Environmental and Natural Resource Economics

628 kr

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727 kr

Beskrivning

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.

Produktinformation

Utgivningsdatum:2019-04-24
Mått:156 x 234 x 23 mm
Vikt:453 g
Format:Häftad
Språk:Engelska
Serie:Routledge Library Editions: Environmental and Natural Resource Economics
Antal sidor:362
Förlag:Taylor & Francis Ltd
ISBN:9781138090552

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Innehållsförteckning

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

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