Economics of Non-Renewable Resource Supply



This chapter provides a brief introduction to the well-developed economic literature on depletion of non-renewable energies and its effect on energy supply. The chapter first presents a diagrammatic analysis followed by a more formal analysis. The link between the empirical evidence and the theoretical literature is also presented.


Discount Rate Marginal Utility Resource Stock Exhaustible Resource High Discount Rate 
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© Springer-Verlag London Limited 2011

Authors and Affiliations

  1. 1.Centre for Energy, Petroleum and Mineral Law and PolicyUniversity of DundeeDundeeUK

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