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...

• Format: Paperback
• Language: English
• ISBN: 1138090557
• ISBN13: 9781138090552
• Release Date: April 2019
• Publisher: Routledge
• Length: 362 Pages
• Weight: 1.12 lbs.
• Dimensions: 0.8" x 6.1" x 9.2"