Natural Resource Pricing and Rents: An Economic Analysis

This book explores the economics of natural resource markets and pricing, highlighting key contributions and theoretical models. It covers resource economics, alternative energy, climate change, commodity pricing, and resource cartels. It offers analytical solutions with numerical examples and graphical illustrations, making it a valuable resource for understanding resource prices and markets.

Format: Hardback
Length: 314 pages
Publication date: 05 August 2021
Publisher: Springer Nature Switzerland AG

This comprehensive book delves into the intricate realm of natural resource markets and pricing, encompassing a wide range of topics within the field of natural resource economics. It serves as a valuable resource for scholars, researchers, and professionals seeking to gain a deeper understanding of the economic dynamics surrounding the allocation and utilization of finite resources.

The book begins by examining the fundamental principles and ideas that underpin theoretical models of resource pricing. These models serve as powerful tools for analyzing the factors that influence resource prices, including the supply and demand dynamics, market competition, and government policies. By exploring these models, the book sheds light on the economic nature of rents for non-renewable and renewable resources, highlighting the importance of factors such as scarcity, technological advancements, and environmental considerations in determining their value.

In addition to the classical theory of exhaustible resource economics, the book also addresses several issues of paramount importance for global economic growth. These include the transition to alternative energy sources, the economics of climate change, and the challenges associated with managing finite resources in a sustainable manner. The authors provide insightful analysis and practical solutions to these complex problems, drawing upon a wealth of empirical evidence and theoretical frameworks.

Furthermore, the book delves into the realm of commodity pricing, specifically focusing on the world oil market. It explores the factors that drive oil prices, including supply and demand dynamics, geopolitical tensions, and economic policies. The authors examine the role of resource cartels and their impact on commodity markets, highlighting the potential for market manipulation and the need for regulatory interventions.

To enhance the reader's understanding of the subject matter, the book is accompanied by analytical solutions illustrated with numerical examples. These examples help to clarify the theoretical concepts and provide a practical perspective on the application of resource pricing models. Additionally, graphical illustrations and an informal introduction are included to facilitate an intuitive understanding of the material.

In conclusion, this book is a must-read for anybody interested in a better understanding of resource prices, resource markets, and resource economics. It offers a comprehensive and up-to-date examination of the field, providing valuable insights and practical solutions for policymakers, industry professionals, and scholars alike.

Weight: 658g
Dimension: 235 x 155 (mm)
ISBN-13: 9783030767525
Edition number: 1st ed. 2021