Optimal Extraction of Exhaustible Resources with Endogenous Backstop Technology Development
Author: Niko S. Jaakkola
Publisher:
Published: 2008
Total Pages: 122
ISBN-13:
DOWNLOAD EBOOKRead and Download eBook Full
Author: Niko S. Jaakkola
Publisher:
Published: 2008
Total Pages: 122
ISBN-13:
DOWNLOAD EBOOKAuthor: Martin Stuermer
Publisher:
Published: 2015
Total Pages:
ISBN-13:
DOWNLOAD EBOOKAuthor: Markus Merz
Publisher: Springer
Published: 2015-12-09
Total Pages: 122
ISBN-13: 365812055X
DOWNLOAD EBOOKThis thesis uses neoclassical growth models to evaluate what effect the limited availability of nonrenewable resources has on the economy’s (world’s) growth potential. Markus Merz concludes that recycling may serve as a mid-term solution to continued growth, but technological progress is needed in the long-run. The theoretical analysis starts with the well-known Dasgupta-Heal model and considers the effect of recycling and technological progress on the resource constraints; resource-augmenting and backstop technology are analyzed. After a thorough analysis of the models it is concluded that the ultimate solution to long-term economic growth is a backstop technology.
Author: Martin Stuermer
Publisher:
Published: 2013
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKWe add an extractive sector to an endogenous growth model of expanding varieties and directed technological change. Extractive firms reduce the stock of non-renewable resources through extraction, but also increase the stock through R&D investment in extraction technology. Our model replicates long-term trends in non-renewable resource markets, namely stable prices and exponentially increasing extraction, for which we present data from 1792 to 2009. The model suggests that the development of new extraction technologies neutralizes the increasing demand for non-renewable resources in industrializing countries like China in the long term.
Author: United States. Congress. House. Committee on Resources. Subcommittee on Energy and Mineral Resources
Publisher:
Published: 2001
Total Pages: 152
ISBN-13:
DOWNLOAD EBOOKAuthor: Karen Pittel
Publisher: MIT Press
Published: 2014-08-22
Total Pages: 305
ISBN-13: 0262319845
DOWNLOAD EBOOKA detailed and rigorous analysis of the effect of climate policies on climate change that questions the empirical and theoretical support for the “green paradox.” Recent developments suggest that well-intended climate policies—including carbon taxes and subsidies for renewable energy—might not accomplish what policy makers intend. Hans-Werner Sinn has described a “green paradox,” arguing that these policies could hasten global warming by encouraging owners of fossil fuel reserves to increase their extraction rates for fear that their reserves will become worthless. In this volume, economists investigate the empirical and theoretical support for the green paradox. Offering detailed and rigorous analyses of the forces and assumptions driving Sinn's argument, the contributors consider whether rising carbon tax rates inevitably speed up climate change; the effects of the design of resource markets, the availability of clean substitutes, and the development of new technologies; and the empirical evidence (or lack thereof) for the green paradox result. They consider extraction costs; sustainability and innovation; timing, announcement effects, and time consistency in relation to policy measures; and empirical results for the green paradox phenomena under several alternative policy measures. Contributors Julien Daubanes, Corrado Di Maria, Carolyn Fischer, Florian Habermacher, Michael Hoel, Darko Jus, Gebhard Kirchgassner, Ian Lange, Pierre Lasserre, Volker Meier, Karen Pittel, Stephen Salant, Frank Stähler, Gerard van der Meijden, Frederick van der Ploeg, Edwin van der Werf, Ngo Van Long, Ralph A. Winter, Cees Withagen
Author: Trond Egil Olsen
Publisher:
Published: 1986
Total Pages: 536
ISBN-13:
DOWNLOAD EBOOKAuthor:
Publisher: Elsevier
Published: 1993-04-08
Total Pages: 633
ISBN-13: 0080548555
DOWNLOAD EBOOKThe Handbook of Natural Resource and Energy Economics examines the current theory and sample current application methods for natural resource and energy economics. This third volume deals primarily with non-renewable resources. It analyzes the economics of energy and minerals, and includes chapters on the economics of environmental policy. The Handbook provides a source, reference and teaching supplement for use by professional researchers and advanced graduate students. The surveys summarize not only received results but also newer developments from recent journal articles and discussion papers.
Author: Elke Moser
Publisher: Springer
Published: 2014-07-08
Total Pages: 358
ISBN-13: 3642540864
DOWNLOAD EBOOKThe book presents new developments in the dynamic modeling and optimization methods in environmental economics and provides a huge range of applications dealing with the economics of natural resources, the impacts of climate change and of environmental pollution, and respective policy measures. The interrelationship between economic activities and environmental quality, the development of cleaner technologies, the switch from fossil to renewable resources and the proper use of policy instruments play an important role along the path towards a sustainable future. Biological, physical and economic processes are naturally involved in the subject, and postulate the main modelling, simulation and decision-making tools: the methods of dynamic optimization and dynamic games.
Author: David Chappell
Publisher:
Published: 1994
Total Pages:
ISBN-13:
DOWNLOAD EBOOK