Non-Renewable Resources Extraction Programs and Markets
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Considers the role of economics in discussions about the depletion of finite stocks of natural resources including oil.
Considers the role of economics in discussions about the depletion of finite stocks of natural resources including oil.
Considers the role of economics in discussions about the depletion of finite stocks of natural resources including oil.
Originally published in 1979. While the theory of non-renewable resources under competitive and monopolistic market regimes have been relatively well developed,
Economists have proposed a large variety of models of the oil market and this survey integrates them in a coherent framework.