ECON4925 Resource Economics, Spring 2004

Updated 18.02.04

ECON4925 Resource economics, Spring 2004

Olav Bjerkholt:

Lecture notes on the Theory of Non-renewable Resources

References Adelman, M.A., 1993: Modelling world oil supply, Energy Journal 14, 1-32. *Andersen, P., 1983: "On rent of fishing grounds": a translation of Jens Warming's 1911 article, with an introduction, " History of Political Economy 15(3), 391-396. Arrow, K. 1965: Aspects of the Theory of Risk-Bearing (Yrjö Jahnsson Lectures), Helsinki. Aslaksen I. and K. Roland, 1983: Oljeøkonomi (Utarbeidet på grunnlag av forelesninger av Michael Hoel og Steinar Strøm, høsten 1981), Memorandum fra Sosialøkonomisk institutt, No. 14, 19. september 1983 Barnett, H.J. and C. Morse, 1963: Scarcity and Growth: The Economics of Natural Resource Availability, Baltimore: Johns Hopkins University Press. *Bjerkholt, O. and E. Gjelsvik, 1992: “Common Carriage for natural gas: the producers’ perspective”, in Hope, E. and S. Strøm (eds.): Energy Markets and Environmental Issues: A European Perspective, Scandinavian University Press, 1992. Bjerkholt, O., 1990: The value of exhaustible natural resources when price is exogenous and stochastic, unpublished note. Bjerkholt, O., E. Gjelsvik and Ø. Olsen, 1990: ”The Western European gas market: deregulation and supply competition”, in Bjerkholt, Olsen and Vislie (1990), 3- 28. Bjerkholt, O., Ø. Olsen and J. Vislie (eds.), 1990: Recent Modelling Approaches in Applied Energy Economics, London: Chapman and Hall. Dasgupta, P.S. and G.M. Heal, 1979: Economic Theory and Exhaustible Resources, Cambridge University Press. Davis, J., Ossowski, R., Daniel, J., and Barnett, S. 2001: Stabilization and Savings Funds for Nonrenewable Resources. Experience and Fiscal Policy Implications, IMF Occasional Paper, 205. [Ch.II “Nonrenewable Resource Revenues: Policy Implications”, 4-7, Ch.III “Funds and Their Rationale”, 8-12. Farzin, Y.H., 1992: The time path of scarcity rent in the theory of exhaustible resources, Economic Journal 102, 813-831. Fisher, A., 1981: Resources and Environmental Economics, Cambridge University Press. Gelb, A. et al., 1988: Oil Windfalls. Blessing or Curse?, World Bank/Oxford University Press. [Ch. 2 “Theoretical Approaches to the Analysis of Windfalls Effects”, 14- 31. Gray, L.C., 1914: Rent under the assumption of exhaustibility, Quarterly Journal of Economics 28, 466-489. Hammond, P., A. Seierstad, A. Strøm and K. Sydsæter. 2003: Further Mathematics for Economic Analysis, Chapter 11. 2

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