Abstract
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.
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Notes
- 1.
This is based on Hannesson (1998).
References
Devarajan S, Fisher AC (1981) Hotelling’s economics of exhaustible resources: fifty years later. J Econ Lit XIX:65–73
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Hotelling H (1931) The economics of exhaustible resources. J Polit Economy 39:137–175
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© 2011 Springer-Verlag London Limited
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Bhattacharyya, S.C. (2011). Economics of Non-Renewable Resource Supply. In: Energy Economics. Springer, London. https://doi.org/10.1007/978-0-85729-268-1_9
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DOI: https://doi.org/10.1007/978-0-85729-268-1_9
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