Matches in SemOpenAlex for { <https://semopenalex.org/work/W2159491484> ?p ?o ?g. }
Showing items 1 to 78 of
78
with 100 items per page.
- W2159491484 abstract "The subject of this thesis is the depletion of scarce resources. The main question to be answered is how to avoid future resource crises. After dealing with the complex relation between nature and economics, three important concepts in relation with resource depletion are discussed: steady state, time preference and efficiency. For the steady state, three variants are distinguished; the stationary state, the physical steady state and the state of steady growth. It is concluded that the so-called sustainable growth is a combination of the physical steady state and the state of steady growth. Next time preference is discussed. This empirical phenomenon is important in determining the optimum depletion speed of non-renewable and renewable resources. The market interest rate is probably too high to serve as a rate of time preference. The efficient depletion speed of a non-renewable resource is determined by the Hotelling rule, while the optimum depletion speed of a renewable resource is determined by an adapted Hotelling rule which takes into account the renewal rate of the renewable resource. Indeed, both rules can be deduced from the Faustmann rule. The analysis is continued with the integration of the optimum depletion rules in traditional growth theory. It appears that sustainable growth is just one of several growth paths, and not a necessary one. Short term cyclical developments are discussed with the help of the multiplier-accelerator model, the Cobweb model and a neoclassical cycle model with a so-called KLEM production function. It appears that market forms influence the depletion speed of depletable resources. For instance, a monopoly depletes a resource less quickly than firms under perfect competition. Another matter which is dealt with extensively is the influence of the property rights on the depletion pattern. Ways in which government can influence the resource use of firms are discussed extensively. The main solutions of possible future resource crises are to be found in special types of technological development, recycling, substitution between resources, substitution between resources and capital or labour and economies of scale. Finally the question is answered whether scarce resources should be considered relatively or absolutely scarce." @default.
- W2159491484 created "2016-06-24" @default.
- W2159491484 creator A5091325842 @default.
- W2159491484 date "1991-12-31" @default.
- W2159491484 modified "2023-09-27" @default.
- W2159491484 title "Depletable Resources and the Economy" @default.
- W2159491484 hasPublicationYear "1991" @default.
- W2159491484 type Work @default.
- W2159491484 sameAs 2159491484 @default.
- W2159491484 citedByCount "5" @default.
- W2159491484 countsByYear W21594914842012 @default.
- W2159491484 countsByYear W21594914842013 @default.
- W2159491484 countsByYear W21594914842015 @default.
- W2159491484 crossrefType "book" @default.
- W2159491484 hasAuthorship W2159491484A5091325842 @default.
- W2159491484 hasConcept C10138342 @default.
- W2159491484 hasConcept C10325510 @default.
- W2159491484 hasConcept C124584101 @default.
- W2159491484 hasConcept C134632028 @default.
- W2159491484 hasConcept C143517461 @default.
- W2159491484 hasConcept C144237770 @default.
- W2159491484 hasConcept C147789679 @default.
- W2159491484 hasConcept C162324750 @default.
- W2159491484 hasConcept C165556158 @default.
- W2159491484 hasConcept C175444787 @default.
- W2159491484 hasConcept C185592680 @default.
- W2159491484 hasConcept C188573790 @default.
- W2159491484 hasConcept C18903297 @default.
- W2159491484 hasConcept C206345919 @default.
- W2159491484 hasConcept C31258907 @default.
- W2159491484 hasConcept C41008148 @default.
- W2159491484 hasConcept C8171440 @default.
- W2159491484 hasConcept C86803240 @default.
- W2159491484 hasConceptScore W2159491484C10138342 @default.
- W2159491484 hasConceptScore W2159491484C10325510 @default.
- W2159491484 hasConceptScore W2159491484C124584101 @default.
- W2159491484 hasConceptScore W2159491484C134632028 @default.
- W2159491484 hasConceptScore W2159491484C143517461 @default.
- W2159491484 hasConceptScore W2159491484C144237770 @default.
- W2159491484 hasConceptScore W2159491484C147789679 @default.
- W2159491484 hasConceptScore W2159491484C162324750 @default.
- W2159491484 hasConceptScore W2159491484C165556158 @default.
- W2159491484 hasConceptScore W2159491484C175444787 @default.
- W2159491484 hasConceptScore W2159491484C185592680 @default.
- W2159491484 hasConceptScore W2159491484C188573790 @default.
- W2159491484 hasConceptScore W2159491484C18903297 @default.
- W2159491484 hasConceptScore W2159491484C206345919 @default.
- W2159491484 hasConceptScore W2159491484C31258907 @default.
- W2159491484 hasConceptScore W2159491484C41008148 @default.
- W2159491484 hasConceptScore W2159491484C8171440 @default.
- W2159491484 hasConceptScore W2159491484C86803240 @default.
- W2159491484 hasLocation W21594914841 @default.
- W2159491484 hasOpenAccess W2159491484 @default.
- W2159491484 hasPrimaryLocation W21594914841 @default.
- W2159491484 hasRelatedWork W1523331456 @default.
- W2159491484 hasRelatedWork W1527754354 @default.
- W2159491484 hasRelatedWork W1571005599 @default.
- W2159491484 hasRelatedWork W1980805413 @default.
- W2159491484 hasRelatedWork W1990802180 @default.
- W2159491484 hasRelatedWork W1995782530 @default.
- W2159491484 hasRelatedWork W2014188927 @default.
- W2159491484 hasRelatedWork W2049675480 @default.
- W2159491484 hasRelatedWork W2053320224 @default.
- W2159491484 hasRelatedWork W2122518966 @default.
- W2159491484 hasRelatedWork W2318872115 @default.
- W2159491484 hasRelatedWork W2321806297 @default.
- W2159491484 hasRelatedWork W244585133 @default.
- W2159491484 hasRelatedWork W2478832168 @default.
- W2159491484 hasRelatedWork W2503047827 @default.
- W2159491484 hasRelatedWork W3122241825 @default.
- W2159491484 hasRelatedWork W3124853664 @default.
- W2159491484 hasRelatedWork W3148119809 @default.
- W2159491484 hasRelatedWork W3190612447 @default.
- W2159491484 hasRelatedWork W601825224 @default.
- W2159491484 isParatext "false" @default.
- W2159491484 isRetracted "false" @default.
- W2159491484 magId "2159491484" @default.
- W2159491484 workType "book" @default.