Non-renewable resources and disequilibrium macrodynamics /

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Bibliographic Details
Author / Creator:	Marks, Robert, 1946- author.
Imprint:	Oxon : Routledge, 2017.
Description:	1 online resource
Language:	English
Series:	Routledge library editions. Environmental and natural resource economics ; vol. 9 Routledge library editions. Environmental and natural resource economics ; vol. 9.
Subject:	Power resources -- Mathematical models. Nonrenewable natural resources -- Mathematical models. Equilibrium (Economics) Equilibrium (Economics) Nonrenewable natural resources -- Mathematical models. Power resources -- Mathematical models. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12871092

Hidden Bibliographic Details
ISBN:	9781315108599 1315108593 9781351610513 1351610511 9781351610520 135161052X 9781351610506 1351610503 9781138090545 9781138090552
Notes:	Includes bibliographical references and index. Vendor-supplied metadata.
Summary:	"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 so that the economy converges to the socially desirable path of balanced growth. This title will be of interest to students of environmental and natural resource economics."--Provided by publisher
Other form:	Print version : 9781138090545

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