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A strategy of natural resource substitution is critical if the nation is to adapt successfully to the emerging reality of resource shortages. The essays collected for the first time in this book provide evidence that economists are rising to the challenge, both in terms of anticipating the issues and developing appropriate methodologies for coping with them. The authors' range of considerations here includes duality principles, flexible function forms, the effects of technical innovation, possible energy-capital and energy-labor trade-offs, static and dynamic modeling, and short-term and longterm analytical frameworks. A number of chapters deal with energy resources, while others study substitutions for agricultural resources, nonfuel minerals, and metals. An introductory chapter by the editors, outlines the analytical and empirical state of affairs in this subject area and places the eleven chapters which follow within this context. These are grouped into three major topics: Results from Recent Research on Resource Substitution and Technological Progress; Problems Arising from Recent Research; and Dynamic Models. Contributors are: Dale W. Jorgenson, Barbara M. Fraumeni, John R. Moroney, John M. Trapani, James M. Griffin, Heejoon Kang, Gardner M. Brown, David C. Stapleton, Richard G. Anderson, Raymond J. Kopp, V. Kerry Smith, J. R. Norsworthy, Michael J. Harper, Randall S. Brown, Laurits R. Christensen, M. Denny, M. Fuss, L. Waverman, Catherine J. Morrison, and G. Cambell Watkins. Ernst R. Berndt is Professor of Applied Economics at the Sloan School, MIT. Barry C. Field is Professor of Agricultural and Resource Economics at The University of Massachusetts.
The 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.
Annotation The subject matter of agricultural economics has both broadened and deepened in recent years, and the chapters of this Handbook present the most exciting and innovative work being done today. Following Volume 1, Volume 2 consists of three parts: 'Agriculture, Natural Resources and the Environment', 'Agriculture in the Macroeconomy' and 'Agriculture and Food Policy'. Although agricultural economists have always paid attention to these topics, research devoted to them has increased substantially in scope as well as depth in recent years.
The author examines the measurement and conceptual issues that complicate analytical work in the energy demand field. Successful policy decisions depend on the use of appropriate data and analytic methods; because the demand side of the energy-economy interaction is highly complex, this study focuses on the more basic economic and energy concepts and methods in demand analyses. He critiques measures used to analyze the relationship of energy to economic growth and summarizes the various demand estimation methods and their results. Highlighting the problems faced by analysts in developing countries who often have limited time and inadequate data, she discusses the serious implications of basing policy decisions on questionable analytic methods and data.
This three-volume handbook includes state-of-the-art surveys in different areas of neoclassical production economics. Volumes 1 and 2 cover theoretical and methodological issues only. Volume 3 includes surveys of empirical applications in different areas like manufacturing, agriculture, banking, energy and environment, and so forth.
Every decision about energy involves its price and cost. The price of gasoline and the cost of buying from foreign producers; the price of nuclear and hydroelectricity and the costs to our ecosystems; the price of electricity from coal-fired plants and the cost to the atmosphere. Giving life to inventions, lifestyle changes, geopolitical shifts, and things in-between, energy economics is of high interest to Academia, Corporations and Governments. For economists, energy economics is one of three subdisciplines which, taken together, compose an economic approach to the exploitation and preservation of natural resources: energy economics, which focuses on energy-related subjects such as renewable energy, hydropower, nuclear power, and the political economy of energy resource economics, which covers subjects in land and water use, such as mining, fisheries, agriculture, and forests environmental economics, which takes a broader view of natural resources through economic concepts such as risk, valuation, regulation, and distribution Although the three are closely related, they are not often presented as an integrated whole. This Encyclopedia has done just that by unifying these fields into a high-quality and unique overview. The only reference work that codifies the relationships among the three subdisciplines: energy economics, resource economics and environmental economics. Understanding these relationships just became simpler! Nobel Prize Winning Editor-in-Chief (joint recipient 2007 Peace Prize), Jason Shogren, has demonstrated excellent team work again, by coordinating and steering his Editorial Board to produce a cohesive work that guides the user seamlessly through the diverse topics This work contains in equal parts information from and about business, academic, and government perspectives and is intended to serve as a tool for unifying and systematizing research and analysis in business, universities, and government