Overview
- Analyzes the determinants of natural resource prices and the economic nature of rents for exhaustible resources
- Presents ?simple theoretical models that do not require the understanding of sophisticated mathematical techniques
- Offers graphical illustrations that ease presentation and simplify the understanding of the model inferences presented
Part of the book series: Contributions to Economics (CE)
Access this book
Tax calculation will be finalised at checkout
Other ways to access
Table of contents (11 chapters)
-
Front Matter
-
Resource Rents and Opportunity Costs
-
Front Matter
-
Keywords
- Non-renewable resources
- Carbon budgeting
- Commodity prices
- Economically recoverable resources
- Energy transition
- Exhaustible resources
- Competitive storage
- Cartel-fringe models
- Backstop technology
- Misallocation of production
- Resource conservation
- Resource market
- Speculation
- Oil production
- Oil trade
- Opportunity costs
- Harold Hotelling
About this book
The models considered in the book underline the fundamental determinants of resource prices and the economic nature of rents for non-renewable and renewable resources. Besides the classical theory of exhaustible resource economics, the book includes several issues that are of high importance for global economic growth, such as the transition to alternative energy and the economics of climate change. The authors also consider the issues of commodity pricing and a resource cartel’s activity that are relevant to the world oil market.
The book provides analytical solutions illustrated with numerical examples. It allows an intuitive understanding of the subject and the model inferences through graphical illustrations and an informal introduction. It, therefore, is a must-read for everybody interested in a better understanding of resource prices, resource markets, and resource economics.
Authors and Affiliations
About the authors
Georgy Trofimov is a Chief Researcher at the Institute for Financial Studies, Moscow Region (Russia). Prior he worked at the Central Institute for Economics and Mathematics of the USSR Academy of Sciences in 1982-1991, at the Institute for Market Economy of the Russian Academy of Sciences in 1991-1995 and at the Institute for the Economy in Transition in 1993-2002.
Bibliographic Information
Book Title: Natural Resource Pricing and Rents
Book Subtitle: An Economic Analysis
Authors: Andrey Vavilov, Georgy Trofimov
Series Title: Contributions to Economics
DOI: https://doi.org/10.1007/978-3-030-76753-2
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
Hardcover ISBN: 978-3-030-76752-5Published: 05 August 2021
Softcover ISBN: 978-3-030-76755-6Published: 06 August 2022
eBook ISBN: 978-3-030-76753-2Published: 03 August 2021
Series ISSN: 1431-1933
Series E-ISSN: 2197-7178
Edition Number: 1
Number of Pages: XIV, 314
Number of Illustrations: 97 b/w illustrations
Topics: Natural Resource and Energy Economics, Industries, Energy Policy, Economics and Management, Discrete Optimization, Continuous Optimization, Industrial Organization