The mineral economy: How prices and costs can falsely signal decreasing scarcity

Ecological Economics

Volumn 31, Issue 1, 1999, Pages 155-166

  Reynolds, Douglas B ^a  

^a UNIVERSITY OF ALASKA FAIRBANKS   (United States)

Author keywords

Exploration; Hubbert; Information; Norgaard's Mayflower problem; Resources; Scarcity; Technology

Indexed keywords

COST; MINERAL RESOURCE; PRICE DYNAMICS; RESOURCE ASSESSMENT;

MAIANTHEMUM;

EID: 0033213232     PISSN: 09218009     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0921-8009(99)00098-1     Document Type: Article

References (19)

1. Barnett Harold J., Chandler Morse. Scarcity and Growth; The Economics of Natural Resource Availability. 1963;Johns Hopkins University Press for Resources for the Future, Baltimore.
2. Cleveland Cutler J. Physical and economic aspects of resource quality, the cost of oil supply in the lower 48 United States, 1936-1988. Resour. Energy. 13:1991;163-188.
3. Cleveland Cutler J., Kaufmann Robert K. Forecasting ultimate oil resources and its rate of production: incorporating economic forces in the models of M. King Hubbert. Energy J. 12(2):1991;17-46.
4. Edwards John D. Crude oil and alternative energy production forecasts for the twenty-first century: the end of the hydrocarbon era. Am. Assoc. Petroleum Geologists Bull. 81(8):1997;1292-1305.
5. Hall Darwin C., Hall Jane V. Concepts and measures of natural resource scarcity with a summary of recent trends. J. Environ. Econ. Manage. 11:1984;363-379.
6. Hotelling Harold. The economics of exhaustible resources. J. Polit. Econ. 39(2):1931;137-175.
7. Hubbert, M.K., 1962. Energy Resources, A Report to the Committee on Natural Resources: National Academy of Sciences, National Research Council, Publication 1000-D. Washington, DC, pp. 54, 61, 67.
8. Menard H.W., Sharman George. Scientific uses of random drilling models. Science. 190(42):1975;337-343.
9. McCabe Peter. Energy resources - cornucopia or empty barrel? Am. Assoc. Petroleum Geologists Bull. 82(11):1998;2110-2134.
10. Norgaard R.B. Economic indicators of resource scarcity: a critical essay. J Environ. Econ. Manage. 19(1):1990;19-25.
11. Page Talbot. Conservation and Economic Efficiency. 1979;The Johns Hopkins University Press, for Resources for the Future, Baltimore.
12. Reynolds Douglas B. Entropy subsidies. Energy Policy. 26(2):1998;113-118.
13. Richards F.J. A flexible growth curve for empirical use, J. Exp. Botany. 10:1959;290-300.
14. Scott Anthony, Pearse Peter Natural Resources in a high-tech economy: scarcity versus resourcefulness. Resour Policy. 18(3):1992;154-166.
15. Simon Julian L. The Ultimate Resource 2. 1996;Princeton University Press, Princeton.
16. Smith James L., Paddock James L. Regional modeling of oil discovery and production. Energy Econ. 6(1):1984;5-13.
17. Uhler R.S. Costs and supply in petroleum exploration: the case of Alberta. Can. J. Econ. 9(1):1976;72-90.
18. Watkins C.J. The Hotelling principle: auto bahn or cul de sac? Energy J. 13(1):1992;1-24.
19. Wiorkowski J.J. Estimating volumes of remaining fossil fuel resources: a critical review. J. Am. Stat. Assoc. 76(375):1981;534-547.