World Scientific Series on Environmental and Energy Economics and Policy – serie

Bridges over Water places the study of transboundary water conflicts, negotiation, and cooperation in the context of various disciplines (such as international relations, international law, international negotiations, and economics), analyzing them using various quantitative approaches, such as river basin modeling and game theory. Case studies of particular transboundary river basins, lakes and aquifers are also considered. This is the first textbook for a relatively recent yet rapidly expanding field of study.

This easy-to-read book presents an elementary yet comprehensive introduction to modern energy economics. Mathematical content is kept to a minimum, and advanced numerical concepts are placed in appendices. The two survey chapters are suitable for readers with little or no formal training in economics. Differing greatly from other energy textbooks, the book aims to provide the reader with an informed advantage. Principally intended as a textbook for undergraduate economics students, it can also be used for self-study or as a reference material.

This easy-to-read book presents an elementary yet comprehensive introduction to modern energy economics. Mathematical content is kept to a minimum, and advanced numerical concepts are placed in appendices. The two survey chapters are suitable for readers with little or no formal training in economics. Differing greatly from other energy textbooks, the book aims to provide the reader with an informed advantage. Principally intended as a textbook for undergraduate economics students, it can also be used for self-study or as a reference material.

Bringing together leading-edge research and innovative energy markets econometrics, this book collects the author's most important recent contributions in energy economics. In particular, the book:• applies recent advances in the field of applied econometrics to investigate a number of issues regarding energy markets, including the theory of storage and the efficient markets hypothesis• presents the basic stylized facts on energy price movements using correlation analysis, causality tests, integration theory, cointegration theory, as well as recently developed procedures for testing for shared and codependent cycles• uses recent advances in the financial econometrics literature to model time-varying returns and volatility in energy prices and to test for causal relationships between energy prices and their volatilities• explores the functioning of electricity markets and applies conventional models of time series analysis to investigate a number of issues regarding wholesale power prices in the western North American markets• applies tools from statistics and dynamical systems theory to test for nonlinear dynamics and deterministic chaos in a number of North American hydrocarbon markets (those of ethane, propane, normal butane, iso-butane, naptha, crude oil, and natural gas)

Current literature on international energy statistics is scattered amongst a variety of sources using different physical units and geography of reporting units. Comprehensive production and consumption data are only readily available in consistent units for some countries for more recent decades.This essential book presents a comprehensive statistical survey of global and regional energy trends since early industrialization, primarily based on 19th- and 20th-century records from various European and Western Hemisphere sources. Besides containing up-to-date information, it also traces trends from before the 1980s in global, regional and national energy histories. The time series data from earlier years are systematically patched to current political boundaries and officially reported data since the formation of the UN and changes since the end of the Cold War. The result of this careful reconstruction is a consistent country-by-country time series dataset for production and consumption of commercially-traded primary energy sources. A first in its field, this reference volume is an invaluable resource for those working on energy, environment and climate issues.

The world is rapidly approaching the end of the fossil fuel era. This timely book reviews the historical background for this crisis and provides a comprehensive discussion of its important aspects. It contrasts the Utopian writings of Condorcet, Godwin and Adam Smith, with the more pessimistic views of Malthus and Ricardo. It then discusses the characteristics of mainstream industrialism, as well as the ecological counterculture. The final chapters of the book study the present position regarding both non-renewable and renewable resources, and the problem of reducing the economic trauma that will result from the depletion of fossil fuels, especially the future impact of high petroleum prices on agriculture in relation to global population growth. Readers will gain an understanding of the dangers and opportunities of future developments in science, as well as the steps that must be taken to achieve a stable, sustainable global society.

This book offers the first set of quantitative analyses of the results of deregulation of the gas wellhead process coupled with partial deregulation of pipeline transportation and product storage. This complex process — which involves taking pipelines out of the field markets as product purchasers, and creating spot gas and pipeline space markets — has changed the nature and extent of services for gas at the burner tip, and the level as well as volatility of prices for these services. Using econometric tools of analysis, the authors concentrating on these changes uncover surprising findings in contrast to what regulatory reform was supposed to accomplish.

As East and Southeast Asia continue to modernize and urbanize, their demand for energy will soar. Besides seeking to import fossil fuels from the Middle East, Africa, the Caspian Region, Russia, Latin America, Australia, etc., it is imperative for these Asian countries to cooperate in substantially raising the efficiency with which energy is consumed. This book offers a comprehensive examination of East and Southeast Asia's energy conservation policies. It begins with a summary of the current and projected energy supply and demand patterns in the region, and a discussion about the need and basis for cooperation in energy conservation. This is followed by an examination of the energy conservation policies and progress to date in seven ASEAN countries and in China, Japan and Korea.

Will international wars where energy resources play a central role continue to hold sway over life and death for industrialized nations, or is this a transient phase in the evolution of industrial societies? This book answers this question by tracing the history of energy and conflict from antiquity, through the epic hot and cold wars of the twentieth century, to expected outcome of the war in Iraq. It points the way to the end of wars over control of fossil fuels, and demonstrates why these may be the last major international wars over other resources as well.This book is a must-read for anyone interested in the future of energy use or international conflict. Readers will find in it an illuminating overview of the sweep of historical events. The book further provides a compelling explanation of how a thorough understanding of the evolutionary direction of these events challenges the conventional wisdom that resource wars are endemic to the nature of industrial society, thus offering a fresh view on one of the most important challenges of our time.

This important book deals with the essential principles of resource and environmental economics, provides applications to contemporary issues in this field, and outlines and assesses policies being used or proposed for managing the use of environmental and natural resources. Covering specific contemporary topics such as agriculture and the environment, water use, greenhouse gas management, biodiversity conservation, tourism and the environment, and environmental economics and health, leading issues in resource and environmental economics are outlined and analyzed in an innovative manner. Institutional economics (both new and traditional) is applied and compared with other approaches such as neoclassical economics, behavioral economics and the Austrian School of Economics. This heterogeneous, multi-perspective approach enables problems to be considered from several different angles, thus enhancing the reader's comprehension of the subject matter. Furthermore, using minimal technical jargon, the book takes into account aspects of modern economic analysis such as the costs of and constraints on decision-making and the transaction costs involved in policy implementation.

This important book deals with the essential principles of resource and environmental economics, provides applications to contemporary issues in this field, and outlines and assesses policies being used or proposed for managing the use of environmental and natural resources. Covering specific contemporary topics such as agriculture and the environment, water use, greenhouse gas management, biodiversity conservation, tourism and the environment, and environmental economics and health, leading issues in resource and environmental economics are outlined and analyzed in an innovative manner. Institutional economics (both new and traditional) is applied and compared with other approaches such as neoclassical economics, behavioral economics and the Austrian School of Economics. This heterogeneous, multi-perspective approach enables problems to be considered from several different angles, thus enhancing the reader's comprehension of the subject matter. Furthermore, using minimal technical jargon, the book takes into account aspects of modern economic analysis such as the costs of and constraints on decision-making and the transaction costs involved in policy implementation.

Bringing together leading-edge research and innovative energy markets econometrics, this book collects the author's most important recent contributions in energy economics. In particular, the book:• applies recent advances in the field of applied econometrics to investigate a number of issues regarding energy markets, including the theory of storage and the efficient markets hypothesis• presents the basic stylized facts on energy price movements using correlation analysis, causality tests, integration theory, cointegration theory, as well as recently developed procedures for testing for shared and codependent cycles• uses recent advances in the financial econometrics literature to model time-varying returns and volatility in energy prices and to test for causal relationships between energy prices and their volatilities• explores the functioning of electricity markets and applies conventional models of time series analysis to investigate a number of issues regarding wholesale power prices in the western North American markets• applies tools from statistics and dynamical systems theory to test for nonlinear dynamics and deterministic chaos in a number of North American hydrocarbon markets (those of ethane, propane, normal butane, iso-butane, naptha, crude oil, and natural gas)

This book is an up-to-date primer covering the most important subjects in energy economics, with particular attention paid to oil, natural gas, and nuclear energy, and without an excessive amount of mathematics. The first three survey chapters constitute an introductory (and mostly non-technical) short course in modern energy economics. Most of the technical analysis is taken up in the following four chapters, while the last chapter is a completely non-technical summation that can be read independent of the rest of the book. Written in a user-friendly tone, it is suitable as a textbook for undergraduate and/or graduate students, but most of the book should be accessible to anyone with a serious interest in energy economics.

The revised edition of this book captures new developments in economics and finance. Turning its focus towards the application of Engle's (1982) autoregressive conditional heteroscedasticity (ARCH) in cutting-edge research and a discussion of whether energy prices reflect long memory, this book will keep readers up-to-date with current developments in the literature. It presents twenty-one empirical studies of econometric time series analysis of crude oil, natural gas and electricity markets in face of the rapidly changing dynamics of the energy markets. Amongst them, several studies employ nonlinear time series methods, unlike the standard linear approach commonly used, to reflect the nonlinear nature of the economic system.Two new chapters are included, extending beyond the leading-edge research and innovative energy markets econometrics detailed in the first edition: Chapter 17 examines the effects of oil price changes and speculations on economic activity and Chapter 20 re-evaluates empirical evidence for random walk type behavior in energy futures prices using a statistical physics approach.

Bridges over Water places the study of transboundary water conflicts, negotiation, and cooperation in the context of various disciplines, such as international relations, international law, international negotiations, and economics. It demonstrates their application, using various quantitative approaches, such as river basin modeling, quantitative negotiation theory, and game theory. Case-studies of particular transboundary river basins, lakes, and aquifers are also considered.This second edition updates the literature on international water and in-depth analyses on political developments and cooperation between riparian states. With an appended chapter on principles and practices of negotiation, and a new case study on the La Plata Basin, this edition is a timely update to the field of transboundary water studies.