Originally published in 1984, Douglas A. Bohi and Michael A. Toman have produced a convenient reference source about disparate elements in the theory of nonrenewable resource supply and about general issues that arise when applying dynamic economic analysis. The authors emphasise the inherently dynamic nature of resource supply decisions, the effects of resource depletion on costs and behaviour, and the influence of uncertainty about costs, prices, and reserves. This title will be useful to students interested in environmental studies and economics, practitioners, and others who need to know more about complex interactions of economic forces and the resource base.
Table of Contents
Foreword; Preface; 1. Introduction 2. The Basic Theory of Supply Behavior 3. Joint Products, Externalities, and Technical Change 4. Uncertainty, Expectations, and Supply Behavior 5. Aggregate Supply and Market Behavior 6. Empirical Methods and Problems 7. Summary and Research Suggestions; References; Index