Download or read book Essays on the economics of non renewable resources written by Sid Ahmed Rida Guermouche and published by . This book was released on 1993 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays in Economics of Renewable Resources written by Erwin Hendricus Bulte and published by . This book was released on 1997* with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Explorations in Environmental and Natural Resource Economics written by R. Halvorsen and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains an excellent set of papers by top scholars in environmental and resource economics. These papers span the wide range of topics that characterized the extraordinarily broad and productive career of Gardner Brown. They bring current issues in modeling important environmental policy questions into sharp focus in a way that emphasizes Brown s seminal insights. Richard Carson, University of California, San Diego, US I am glad this book has been written. Gardner is clearly too radical to get a statue and I doubt he would have the patience to sit long enough for the sculptor to finish. Yet Gardner s ideas really deserve remembrance. The editors have managed not only to cover many of the areas and methods Gardner worked with but also to find authors who loved and/or respected him and who have honoured him by providing high quality work in his spirit. The book is imbued with those curious blends of curiosity and rigour, daring abstraction and yet painstaking attention to detail that are so characteristic of Gardner s work. It was a great pleasure to read. Thomas Sterner, University of Gothenburg, Sweden Gardner M. Brown, Jr. has been a leading innovator in the development of environmental and natural resource economics. This book comprises essays written in his honor by some of the most distinguished economists working in this field. The principal themes addressed include fundamental theoretical and empirical issues in the valuation of environmental and natural resources; the relationships between economic growth, natural resources and environmental quality; re-evaluation of some standard results in the dynamic modeling of renewable and non-renewable resources; the protection and management of biological resources; and the economics of antibiotic resistance. The original papers within this book will be of great interest to academics and practitioners in the field of environmental and natural resource economics.

Download or read book Essays in Environmental and Energy Economics written by Rémi Morin Chassé and published by . This book was released on 2016 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the first essay, we consider a firm with limited-liability and whose profits are a function of valuable productive capital. Environmental accidents of random sizes can occur at random times. To pay for the liability from an accident, the firm sells some or all of its productive capital; it becomes judgment-proof when the liability exceeds the value of its capital. The remainder of the liability, left unpaid by the bankrupted firm, is paid for by society. Using a dynamic framework with exogenous arrival, we derive closed-form solutions for the firm's return from its assets and for social costs. The firm's return is convex in the level of productive capital. By setting up a bonding requirement, the legislator ensures the firm, not society, bears the expected costs of accidents ex-ante. It may optimal to reduce the liability transferred back to the firm and possibly to subsidize it. When arrival is endogenous, there can be an optimal firm-size for specific cases. The associated social costs reach a maximum when assets equal the expected magnitude of damages. In the second essay, we study sustainability using a neoclassical growth approach. Our analysis focuses on the role of energy in the economy. Society uses renewable and non-renewable energies, with the use of the latter generating undesirable pollution. Renewable energies, available at zero marginal cost, are conditional upon the existence of a generating capacity, which requires investment. In a numerical simulation, we find that it can be optimal for society to stop using non-renewable energies and switch completely to renewable energies even though the non-renewable resource stock is not fully exhausted. In the final carbon-free phase, the dynamic system is a saddle-path. We find that a moratorium on renewable resource expansion is not beneficial; society is better off investing in this resource every year, albeit at a lower rate, than to postpone investment. Society must be relatively averse to intergeneration inequity with an elasticity of inter-temporal substitution must be greater than one to ensure that the steady-state level of renewable energy capacity is non-zero.

Download or read book Entropy Water and Resources written by Horst Niemes and published by Springer Science & Business Media. This book was released on 2010-05-30 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book lies at the intersection of natural sciences, economics, and water en- neering and is in line with the long tradition of environmental economics at the University of Heidelberg. In the 1970s, the Neo-Austrian Capital Theory was developed using the fundamental laws of thermodynamics as a common language between the natural and social sciences. Niemes (1981) integrated the dynamic and irreversibility characteristics of the natural environment into the Neo-Austrian c- ital theory. Faber et al. (1983, 1987, 1995) then extended this interdisciplinary approach further to create a comprehensive, dynamic, environmental resource model. Over the last 3 decades, the theoretical foundations of environmental economics have been modi ed and there have been an impressive variety of applications. This book aims to reduce the gaps between economic theory, natural sciences, and engineering practice. One of the reasons these gaps exist is because economic assumptions are used to construct dynamic environmental and resource models, which are not consistent with the fundamental laws of the natural sciences. Another reason for the gap might be the distance between academic theory and real world situations. Based on an extended thermodynamic approach, the authors explain which economic assumptions are acceptable for constructing a dynamic model that is consistent with the natural sciences. In particular, the special role of water in the production and reproduction activities will be considered as an integral component.

Download or read book The Economics of Nonrenewable Resources written by Robert Halvorsen and published by Edward Elgar Publishing. This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economics of nonrenewable resources addresses some of the most problematic issues concerning the sustainability of the world economy. This comprehensive one volume collection contains forty-six of the most important and influential journal articles by some of the leading scholars in the field. Subjects included are: an introduction to the economics of nonrenewable resources; theoretical foundations for the field; nonhomogeneous resources; exploration and uncertainty; market structure; taxation and global climate change. The collection concludes with a discussion of the empirical research and the extent to which nonrenewable resources constrain economic growth as well as the consistency of the theoretical predictions of Hotelling-type models with actual economic outcomes. With an original introduction by the editor, this collection will be an important resource for students, academics and practitioners.

Download or read book Environmental and Resource Economics written by Anthony C. Fisher and published by Edward Elgar Publishing. This book was released on 1995 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume features essays dealing with a range of theoretical, measurement and policy issues in environmental and resource economics. Focusing on the integration of environmental considerations into decisions about extractive resource use, both in theory and practice, the essays range from exercises in the pure theory of resource depletion, to applications of theoretical and empirical techniques and the management of resources. Particular attention is given to uncertainty about environmental values and the irreversibility of certain kinds of resource depletion. The volume should be of interest to researchers, practitioners and policy makers.

Download or read book Essays in the Economics of Exhaustible Resources written by N.V. Long and published by Elsevier. This book was released on 2014-06-28 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essays in the Economics of Exhaustible Resources

Download or read book Progress in Natural Resource Economics written by John F. Helliwell and published by Oxford : Clarendon Press. This book was released on 1985 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a broad survey of the progress made in the economics of natural resources, both theoretical and applied, and covers renewable, non-renewable, common property, and macro problems.

Download or read book Entropy Water and Resources written by Horst Niemes and published by . This book was released on 2010-02-01 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book at the intersection of natural sciences, economics, and water engineering aims to reduce the gaps between economic theory, natural sciences, and engineering practice. Based on an extended thermodynamic approach, the authors explain which economic assumptions are acceptable for constructing a dynamic model that is consistent with the natural sciences. In particular, the special role of water in the production and reproduction activities will be considered as an integral component. Water is generated in a separate water treatment process and is used to transport the unavoidable by-products of production and reproduction activities to a wastewater sector. In this respect, not only environmental protection aspects, but also the interrelation between the water requirements and the use of non-renewable resources for producing desired consumption goods will be highlighted.

Download or read book Essays on Technological Progress and Economic Growth written by Jakub Growiec and published by Presses univ. de Louvain. This book was released on 2007 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis covers a broad range of topics in the general area of economic growth theory and economics of technological change. It is primarily about the ultimate sources of growth and its ultimate limitations. We scrutinize the implications of several specifications of long-run growth “engines” found in the theoretical literature and put forward their generalizations and extensions. At the highest level of generality, we provide a formal proof that balanced (i.e. exponential) growth requires knife-edge assumptions which cannot be satisfied by typical values of model parameters. This result implies that at least one such knife-edge assumption must be made if a given model is supposed to deliver balanced growth over the long run. Next, we deal with the issue of resource-based limits to long-run growth. We propose to promote technological progress which would improve the substitutability between non-renewable and renewable resources: if the elasticity of substitution between the two kinds of resources exceeds unity, production will not fall down to zero even after the non-renewable resources will have been completely depleted. Another question asked is whether it is plausible that R&D-based growth, fueled by steady increases in the world’s population, can be extended into indefinite time. We answer this question by introducing endogenous fertility choice, with population entering the utility functional multiplicatively, into an R&D-based semi-endogenous growth model. The next issue addressed here are the idea-based microfoundations of aggregate production functions. We discuss the correspondence between the shape of production functions, the direction of technical change, and the possibility of sustained endogenous growth. A broad class of production functions, nesting both the Cobb-Douglas and the CES function, is derived. Finally, we discuss the impact of the heterogeneity of innovations on long-run economic dynamics: we augment the semi-endogenous growth model with a distinction between radical and incremental innovations. Total R&D output is assumed to depend on technological opportunity which is depleted by incremental innovations but renewed by radical innovations. The dynamic interplay of the arrivals of the two types of innovations is shown to give rise to transitional oscillations.

Download or read book Sustainable Resource Use and Economic Dynamics written by Lucas Bretschger and published by Springer Science & Business Media. This book was released on 2007-07-19 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: The chapters in the book cover a broad range of aspects regarding the relationship between natural resource use and long-term economic development. The book surveys existing literature as well as adds to frontier research. In particular, the following topics are studied: incentives for adoption and diffusion of clean technology, resource scarcity and limits to growth, international convergence of energy intensity, and the social norms shaping resource depletion.

Download or read book Essays on Economics of Natural Resource Management and Experiments written by Wisdom Akpalu and published by Goteborg University. This book was released on 2006 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Non Renewable Resources Extraction Programs and Markets written by J. Hartwick and published by Routledge. This book was released on 2013-10-08 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: Considers the role of economics in discussions about the depletion of finite stocks of natural resources including oil.

Download or read book Non renewable resources and the limits of economic Growth written by Gerrit Reeker and published by GRIN Verlag. This book was released on 2014-03-11 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2012 in the subject Economy - Environment economics, grade: 1,0, University of Bergen, language: English, abstract: In 1972 the Club of rome, a group of economists mainly represented by Donella H. Meadows, published The Limits to growth: The Club of Rome's project on the predicament of mankind, dealinh with a prediction of the world's future in terms of the ongoing exploitation of natural non-renewable resources and their impacts on man's living standards. The book made a deep impression on people's minds and initiated a still ongoing discussion among politicians, environmentalists and economists. limits to growth (Meadwos, 1972) is the center part of this term paper. The current discussion is not just about the impacts of the ongoing exploitation of non-renewable resources; it is about the methods used by meadows as well. the objective of this term paper is to show the main results of Meadows' book and analyze in a critical manner the methods used and their implementations, maily concerning the criticism by William Nordhaus (1992). In order to do so there is an initial need for some general remarks on vocabulary used in the manner of this issue. This means in particular the distiction of growth against development, as well as to answer the question of what is meant by the term sustainability. Afterwards the paper presents some main results of Meadows (1972) concerning predicted pathways of certain indicators representing man's future living standards. following the criticism of Nordhaus (1992) the paper continues with a comparable empirical analysis of resource price development. Afterwards the simple economic growth model by Robert Solow will be examined with respect to fixed amount of land, to show the effect-relationship between economic groth and finite land. Finally there is a summary and conclusion of the elaborated results of this term paper.

Download or read book Essays on the Economics of Renewable Energy written by Richard McDowell (Ph. D.) and published by . This book was released on 2016 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation addresses three questions related to the economics of renewable energy. Chapter 1 studies learning-by-doing during the generation process at wind and solar farms in the United States. While this phenomenon is often cited as a rationale for subsidizing renewable electricity, there is relatively little project-level evidence on how knowledge is accrued. Using detailed atmospheric data to account for potential output, I study whether generation and installation experience leads to increased productivity for solar and wind projects. I further assess the appropriability of experience by considering the transfer of knowledge within and across firms. Results suggest that generation experience on a particular project leads to higher productivity at that project but not at other sites. Installation experience appears to lead to higher output on subsequent projects, and exhibits spillovers across owners with proximate installation sites for wind farms. Chapter 2, co-authored with Michael Greenstone, studies the impact of Renewable Portfolio Standards, which mandate electricity sales from renewable sources, on electricity markets. Despite their prevalence and scope, the cost-effectiveness of these policies is currently poorly understood. Using panel data on program characteristics, electricity prices, generation, and employment, we find that portfolio standards have been successful at increasing regional renewable generation, with marginal compliance coming almost entirely from wind energy. However, costs to consumers are large, with retail electricity rates increasing by 9-15% five years after adoption. Based on our estimates, the cost of carbon abatement from these programs is substantial, and well above conventional estimates of the social cost of emissions. In the third chapter, I examine the extent to which electricity prices influence household purchases of Energy Star appliances. I combine a large cross-sectional survey dataset on appliance ownership and household characteristics with data on local electricity prices. Across three different appliance types, I find an elasticity of Energy Star ownership to retail electricity price of 0.58 to 0.66. In line with the "landlord-tenant" problem discussed in the energy efficiency literature, both ownership rates and responsiveness tp prices are substanitally lower for rented properties, particularly those with lower income tenants.

Download or read book Essays on Energy and Environmental Economics written by Anika L. Islam and published by . This book was released on 2020 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation is a collection of three chapters related by their common themes of energy and environmental economics. The first part of the dissertation investigates how the production of renewable energy by non-OPEC producers may affect OPEC's strategic behavior. We focus on two of OPEC's strategies: (i) set low oil prices (squeeze) or (ii) allow high-cost competitors to remain in the market (accommodate). The results indicate that when efficient non-OPEC producers are price takers the squeeze strategy becomes more attractive for OPEC, especially when they are inefficient in producing renewables and consumers perceive both goods as homogeneous products. However, if non-OPEC producers can influence price and are also efficient in producing renewable energy, a price war becomes more likely. The second part applies difference-in-difference method to investigate the effectiveness of a stricter vehicle emission standard known as "Advanced Clean Cars" program adopted by California Air Resource Board in 2012 to control smog-causing pollutants and greenhouse gas emissions. We observe that carbon emissions have decreased by 4 percent in 2012 and 13 percent in 2015 in California due to the adoption of a more stringent policy. On the other hand, ozone emissions have increased by 3 percent in California compared to Texas. This study shows that policy response is effective in reducing greenhouse gas emissions but ozone being smog forming component behave differently since low nitrogen oxide (another greenhouse gas) lead to higher ozone emission through reduced titration (chemical process). The third part of the dissertation is intended to unfold results of the effectiveness of the "Keep Oregon Moving Act" introduced in 2017.Regression Discontinuity method with time is applied to estimate the effects. Our results indicate 11 percent reduction in traffic and 75 percent reduction in PM2.5 emissions due to the implementation of the "Keep Oregon Moving Act".