Cartel Deception in Nonrenewable Resource Markets

Market Power in Nonrenewable Resource Markets: An Empirical Dynamic Model

This paper estimates a dynamic model of the world markets for five nonrenewable resources over the period 1970-2004 and tests for market power in each of these markets. In particular, for each nonrenewable resource, we test whether the countries supplying the nonrenewable resource behaved as price-takers or oligopolists. The results show that during the study period the world markets for copper...

The tropical rain forest: a nonrenewable resource.

On the other hand, it has often been stated that the tropical rain forests (tall evergreen forests in tropical warm and humid regions) around the world must be protected and conserved for the future generations (1). It has also been stated that it is most important that knowledge about the structure, diversity, and function of these ecosystems has priority in future biological research (2). Unf...

Economic Growth with a Nonrenewable Resource

This paper adds a nonrenewable resource to capital and labor in the neoclassical growth model. The nonrenewable resource introduces its depletion dynamics and expands the influence of input substitution on the growth path. Optimal depletion implies a rising resource price but investment or labor growth may raise extraction along the growth curve. Substitution between inputs plays a critical rol...

Optimal Exploitation of a Nonrenewable Resource

In this paper we study the long-term operation of an underground copper mining project. We model the project as a collection of blocks (minimal extraction units) each with its own mineral composition and extraction costs. The decision maker’s problem is to maximize the economic value of the project by controlling the sequence and rate of extraction as well as investing on costly capacity expans...

Natural Nonrenewable Resource Development Information and Knowledge