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A book on the economics of exhaustible resources requires no justification. A long book does. The purist will find disquieting our two-asset, constant population model with which we analyse growth possibilities in an economy with exhaustible resources.
A presentation of the economic principles relating to the use and management of natural resources, including analysis of optimal use policies.
These 27 articles on the economics of exhaustible resources date from 1931 to 1991.
Heal presents a coherent framework for understanding the Earth's future from an economic perspective and offers a dynamic new blueprint for comprehending sustainability.
USA. Textbook on the economic theory of natural resources - includes diagrams, flow charts, graphs and references.
Presents models of renewable and non-renewable resources and provides analytical methods to explore contemporary resource problems.
Exhaustible resources: the theory of optimal depletion; Renewable resources: the theory of optimal use; Resource scarcity: are resources limits to growth? Natural resources and natural environments; Environmental pollution; Some concluding thoughts: the role of economics in the study of resource and environmental problems.
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.