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Non-Renewable Resources and Disequilibrium Macrodynamics by Robert Marks

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Non-Renewable Resources and Disequilibrium Macrodynamics by 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 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.

Marks, Robert B.: - ROBERT B. MARKS wears many hats, only one of which is a Stetson - he is a writer, editor, researcher, publisher, independent historian, and teacher. He has degrees in Mediaeval Studies, English Literature, and War Studies. He is the author of Diablo: Demonsbane, The EverQuest Companion, Garwulf's Corner, An Odyssey into Video Games and Pop Culture, and co-author of A Funny Thing Happened on the Way to the Agora. In his spare time, he has done everything from make mead to historical swordfighting to rockhounding. He lives in the area of Kingston, Ontario, with his wife and daughter.
SKU Unavailable
ISBN 13 9781138090545
ISBN 10 1138090549
Title Non-Renewable Resources and Disequilibrium Macrodynamics
Author Robert Marks
Series Routledge Library Editions: Environmental And Natural Resource Economics
Condition Unavailable
Binding Type Hardback
Publisher Routledge
Year published 2017-10-19
Number of pages 362
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.