Non-renewable resources and disequilibrium macrodynamics / Robert Marks.
"This study, first published in 1979, continues by examining the question of whether a competitive economy can efficiently allocate a stock of non-renewable natural resources through time. Long-run analyses of competitive economies with such resources have concluded that, without perfect foresi...
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| Online Access: |
Full Text (via Taylor & Francis) |
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| Main Author: | |
| Format: | eBook |
| Language: | English |
| Published: |
Oxon :
Routledge,
2017.
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| Series: | Routledge library editions. Environmental and natural resource economics ;
vol. 9. |
| Subjects: |
| Summary: | "This study, first published in 1979, continues by examining the question of whether a competitive economy can efficiently allocate a stock of non-renewable natural resources through time. Long-run analyses of competitive economies with such resources have concluded that, without perfect foresight or a complete set of future markets extending infinitely far into the future, there is no economic mechanism to guarantee that the initial price is set so that the economy converges to the socially desirable path of balanced growth. This title will be of interest to students of environmental and natural resource economics."--Provided by publisher |
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| Physical Description: | 1 online resource. |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9781315108599 1315108593 9781351610513 1351610511 9781351610520 135161052X 9781351610506 1351610503 |
| Source of Description, Etc. Note: | Source of description: Vendor-supplied metadata. |