Natural resource pricing and rents : an economic analysis / Andrey Vavilov, Georgy Trofimov.

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Natural resource pricing and rents : an economic analysis / Andrey Vavilov, Georgy Trofimov.

9783030767532 (electronic bk.)
3030767531 (electronic bk.)
9783030767525
3030767523

Cham : Springer, [2021]

©2021

English

1 online resource (318 pages) : illustrations.

10.1007/978-3-030-76753-2 doi

HC85 .V38 2021

333.7

This book examines the economics of natural resource markets and pricing, as well as the field of natural resource economics in general. It presents the key contributions to this field of research, including the pioneering works and contemporary studies. The book highlights the basic principles and ideas underlying theoretical models of resource pricing. The models considered in the book underline the fundamental determinants of resource prices and the economic nature of rents for non-renewable and renewable resources. Besides the classical theory of exhaustible resource economics, the book includes several issues that are of high importance for global economic growth, such as the transition to alternative energy and the economics of climate change. The authors also consider the issues of commodity pricing and a resource cartels activity that are relevant to the world oil market. The book provides analytical solutions illustrated with numerical examples. It allows an intuitive understanding of the subject and the model inferences through graphical illustrations and an informal introduction. It, therefore, is a must-read for everybody interested in a better understanding of resource prices, resource markets, and resource economics.

Includes bibliographical references.

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Description based on print version record.

Contributions to economics.

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