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.
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