General theory of natural and environmental resource pricing and use

Thesis/Dissertation · Thu Jan 01 04:00:00 EST 1981

OSTI ID:7092670

Anderson, C L

Some of the basic elements of the theory of natural and environmental resource allocation are examined in the context of a perfectly competitive and certain setting. The principal goals are to illustrate the mechanisms which determine natural and environmental resource use and pricing over time and to more realistically depict the role of these resources in the production of goods and services and the generation of residuals and/or pollutants. The concept of rent is generalized to a multi-period world to capture the intertemporal nature of the necessary allocation mechanism. In order to analyze the factor markets for natural resources, the two component parts, demand and supply, are considered. In developing the demand side, the long-missing link between the economics of production and the economics of natural resources and waste generation is developed. With this it is possible to show that most natural resources play an entirely different role in the production process than do the typical productive resources considered by most economists and so, the nature of a firm's demand for them is also somewhat differently attained but is still likely to be negatively-sloped. The firm's decision to generate waste flows and its optimal generation of same can explicitly be determined with this production model.

• OSTI ID: 7092670
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
290300 -- Energy Planning & Policy-- Environment
Health
& Safety
290400 -- Energy Planning & Policy-- Energy Resources
ALLOCATIONS
COMPETITION
POLLUTION
PRICES
PRODUCTION
RESOURCES
SUPPLY AND DEMAND
USES