Energy and depletable resources: Economics and policy, 1973-1998

Journal of Environmental Economics and Management

Volumn 39, Issue 3, 2000, Pages 282-305

  Kolstad, Charles D ^a  

^a UNIVERSITY OF CALIFORNIA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

ENERGY POLICY; ENVIRONMENTAL ECONOMICS; LITERATURE REVIEW; RESOURCE DEPLETION;

EID: 0034046087     PISSN: 00950696     EISSN: None     Source Type: Journal    
DOI: 10.1006/jeem.1999.1115     Document Type: Article

References (117)

1. Adelman M. A. Mineral depletion, with special reference to petroleum. Rev. Econom. Statist. 72:1990;1-10.
2. Arrow K. J., Chang S. Optimal pricing, use, and exploration of uncertain natural resource stocks. J. Environ. Econom. Management. 9:1982;1-10.
3. Asheim G. B. Net national product as an indicator of sustainability. Scand. J. Econom. 96:1994;257-265.
4. Atkinson S. E., Halvorsen R. A new hedonic technique for estimating attribute demand - An application to the demand for automobile fuel efficiency. Rev. Econom. Statist. 66:1984;417-426.
5. Balassa B. Exports, policy choices, and economic growth in developing countries after the 1973 oil shock. J. Devel. Econom. 18:1985;23-35.
6. Balestra P., Nerlove M. Pooling cross section and time series data in the estimation of a dynamic model, The demand for natural gas. Econometrica. 3:1966;585-612.
7. Barnett H., Morse C. Scarcity and Growth. 1963;Johns Hopkins Univ. Press, Baltimore.
8. Benjamin N. C., Devarajan S., Weiner R. J. The Dutch disease in a developing country - Oil reserve in Cameroon. J. Devel. Econom. 30:1989;71-92.
9. Berndt E. R., Field B. C. Modeling and Measuring Natural Resource Substitution. 1981;MIT Press, Cambridge.
10. Berndt E. R., Wood D. O. Technology, prices, and the derived demand for energy. Rev. Econom. Statist. 57:1975;259-268.
11. Berndt E. R., Wood D. O. Engineering and econometric interpretations of energy-capital complementarity. Amer. Econom. Rev. 69:1979;342-354.
12. Blumstein C., Komor P. Another look at the strategic petroleum reserve, should its oil holdings be privatized? J. Policy Anal. Management. 15:1996;271-275.
13. Bohi D. R. Analyzing Demand Behavior: A Study of Energy Elasticities. 1981;Johns Hopkins Univ. Press, Baltimore.
14. Bohi D. R., Toman M. A. Energy security - Externalities and policies. Energy Policy. 21:1993;1093-1109.
15. Brennan M. J., Schwartz E. S. Evaluating natural resource investments. J. Bus. 58:1985;135-157.
16. Burbidge J., Harrison A. Testing for the effects of oil-price rises using vector autoregressions. Internat. Econom. Rev. 25:1984;459-484.
17. Burness H. S. Taxation of non-replenishable natural resources. J. Environ. Econom. Management. 3:1976;289-311.
18. Casler S., Hannon B. Readjustment potentials in industrial energy efficiency and structure. J. Environ. Econom. Management. 17:1989;93-108.
19. Chao H. P., Peck S. A market mechanism for electric power transmission. J. Regul. Econom. 10:1996;25-59.
20. Ciriacy-Wantrup S. V., Bishop R. C. Common property as a concept in natural resources policy. Natural Resour. J. 15:1975;713-727.
21. Corden W. M. Booming sector and Dutch disease economics - Survey and consolidation. Oxford Econom. Papers. 36:1984;359-380.
22. Corden W. M., Neary J. P. Booming sector and de-industrialization in a small open economy. Econom. J. 92:1982;825-848.
23. Council of Economic Advisors, The Kyoto Protocol and the President's policies to address climate change, Administration economic analysis, Executive Office of the President, Washington, DC, July 1998.
24. Dahl C., Sterner T. Analyzing gasoline demand elasticities, A survey. Energy Econom. 13:1991;203-210.
25. Darby M. R. The price of oil and world inflation and recession. Amer. Econom. Rev. 72:1982;738-751.
26. Devarajan S., Fisher A. C. Hotelling economics of exhaustible resources - 50 years later. J. Econom. Lit. 19:1981;65-73.
27. Devarajan S., Fisher A. C. Exploration and scarcity. J. Polit. Economy. 90:1982;1279-1290.
28. Devarajan S., Weiner R. J. Dynamic policy coordination - Stockpiling for energy security. J. Environ. Econom. Management. 16:1989;9-22.
29. Dubin J. A., McFadden D. An econometric analysis of residential electric appliance holdings and consumption. Econometrica. 52:1984;345-362.
30. Fisher F. M., Kaysen C. A Study of Econometrics: The Demand for Electricity in the United States. 1962;North-Holland, Amsterdam.
31. Fisher A. C., Peterson F. M. Environment in economics - Survey. J. Econom. Lit. 14:1976;1-33.
32. A Time to Choose: America's Energy Future. 1974;Ballinger, Cambridge.
33. Gilbert R. J., Richard J. Dominant firm pricing policy in a market for an exhaustible resource. Bell J. Econom. 9:1978;385-395.
34. Griffin J. M. OPEC behavior - A test of alternative hypotheses. Amer. Econom. Rev. 75:1985;954-963.
35. Griffin J. M., Gregory P. R. Intercountry translog model of energy substitution responses. Amer. Econom. Rev. 66:1976;845-857.
36. Griffin J. M., Teece D. J. OPEC Behavior and World Oil Prices. 1982;George Allen&Unwin, London.
37. Grossman G., Krueger A. Economic growth and the environment. Quart. J. Econom. 110:1995;353-377.
38. Hall D. C., Hall J. V. Concepts and measures of natural resource scarcity with a summary of recent trends. J. Environ. Econom. Management. 11:1984;363-379.
39. Hamilton J. D. Oil and the macroeconomy since World War II. J. Polit. Economy. 91:1983;228-248.
40. Hartwick J. M. Natural resources, national accounting and economic depreciation. J. Public Econom. 43:1990;291-304.
41. Hausman J. Project-independence-report - Appraisal of U.S. energy needs up to 1985. Bell J. Econom. 6:1975;517-551.
42. Hausman J. A. Individual discount rates and the purchase and utilization of energy-using durables. Bell J. Econom. 10:1979;33-54.
43. Hnyilicza E., Pindyck R. S. Pricing policies for a two-part exhaustible resource cartel, The case of OPEC. European Econom. Rev. 8:1976;139-154.
44. Hogan W. W., Manne A. S. Energy-economy interactions, The fable of the elephant and the rabbit? Pindyck R. The Structure of Energy Markets. 1979;JAI Press, Greenwich.
45. Hourcade J. C. Estimating the costs of mitigating greenhouse gases. Intergovernmental Panel of Climate Change Working Group III, Climate Change 1995: Economic and Social Dimensions of Climate Change. 1996;Cambridge University Press, Cambridge.
46. Houthakker H. S. Some calculations on electricity consumption in Great Britain. J. Royal Statist. Soc. Series A. 114:1951;359-371.
47. Hudson E. A., Jorgenson D. W. U.S. energy policy and economic growth, 1975-2000. Bell J. Econom. 5:1974;461-514.
48. Jaffe A. B., Stavins R. N. Dynamic incentives of environmental regulations - The effects of alternative policy instruments on technology diffusion. J. Environ. Econom. Management. 29:1995;S43-S63.
49. Jevons W. S. The Coal Question. 1865;MacMillan, London.
50. Johnson M. H., Bell F. W., Bennett J. T. Natural resource scarcity - Empirical evidence and public policy. J. Environ. Econom. Management. 7:1980;256-271.
51. Jorgenson D. W. Productivity and postwar United States economic growth. J. Econom. Perspect. 2:1988;23-41.
52. Jorgenson D. W., Wilcoxen P. J. Environmental regulation and United States economic growth. RAND J. Econom. 21:1990;314-340.
53. Joskow P. L. Contract duration and relationship-specific investments - Empirical evidence from coal markets. Amer. Econom. Rev. 77:1987;168-185.
54. Joskow P., Schmalensee R. Markets for Power. 1983;MIT Press, Cambridge.
55. Kamian M. I., Schwartz N. L. Optimal "induced" technical change. Econometrica. 36:1969;1-17.
56. Kneese A. V. Natural resources policy 1975-1985. J. Environ. Econom. Management. 3:1976;253-288.
57. Kneese, Bower B. Managing Water Quality: Economics, Technology and Institutions. 1968;Johns Hopkins Univ. Press, Baltimore.
58. Kolstad C. D. Hotelling rents in Hotelling space, Product differentiation in exhaustible resource markets. J. Environ. Econom. Management. 26:1994;163-180.
59. Kolstad C. D. Learning and stock effects in environmental regulation, The case of greenhouse gas emissions. J. Environ. Econom. Management. 31:1996;1-18.
60. Krautkraemer J. A. Nonrenewable resource scarcity. J. Econom. Lit. 36:1998;2065-2107.
61. Kruvant W. J., Moody C. E. Jr., Valentine P. L. Sources of productivity decline in U.S. coal mining, 1972-1977. Energy J. 3:1982;53-70.
62. Laband D. N., Piette M. J. The relative impacts of economics journals, 1970-1990. J. Econom. Lit. 32:1994;640-666.
63. Laffont J. J., Tirole J. Access pricing and competition. European Econom. Rev. 38:1994;1673-1710.
64. Landsberg H. H. Energy, The Next Twenty Years. 1979;Ballinger, Cambridge.
65. Leland H. E. Optimal risk sharing and leasing of natural resources, with application to oil and gas leasing on the Outer Continental Shelf. Quart. J. Econom. 92:1978;413-437.
66. Lopez R. The environment as a factor of production - The effects of economic growth and trade liberalization. J. Environ. Econom. Management. 27:1994;163-184.
67. Lovins A. B. Energy strategy - Road not taken. Foreign Affairs. 55:1976;65-96.
68. Manne, Richels R. Buying Greenhouse Insurance. 1992;MIT Press, Cambridge.
69. Mendelsohn R., Nordhaus W. D., Shaw D. The impact of global warming on agriculture - A Ricardian analysis. Amer. Econom. Rev. 84:1994;753-771.
70. Miller M. H., Upton C. W. A test of the Hotelling valuation principle. J. Polit. Economy. 93:1985;1-25.
71. Miller M. H., Upton C. W. The pricing of oil and gas, Some further results. J. Finance. 40:1985;1009-1018.
72. Morrisette P. M. The evolution of policy responses to stratospheric ozone depletion. Natural Resour. J. 29:1989;793-820.
73. Automotive Fuel Efficiency: How Far Should We Go? 1992;National Academy Press, Washington.
74. Newbery D. M. Power markets and market power. Energy J. 16:1995;39-66.
75. Nordhaus W. D. To slow or not to slow - The economics of the greenhouse effect. Econom. J. 101:1991;920-937.
76. Nordhaus W. D. Managing the Global Commons. 1994;MIT Press, Cambridge.
77. Nordhaus W. D., Yang Z. L. A regional dynamic general-equilibrium model of alternative climate-change strategies. Amer. Econom. Rev. 86:1996;741-765.
78. Ohta M., Griliches Z. Automobile prices and quality - Did the gasoline price increases change consumer tastes in the United States? J. Bus. Econom. Statist. 4:1986;187-198.
79. Peck S. C., Teisberg T. J. Global warming uncertainties and the value of information - An analysis using Ceta. Resour. Energy Econom. 15:1993;71-97.
80. Perron P. The great crash, the oil price shock, and the unit-root hypothesis. Econometrica. 57:1989;1361-1401.
81. Peterson F. M. Model of mining and exploring for exhaustible resources. J. Environ. Econom. Management. 5:1978;236-251.
82. Peterson F. M., Fisher A. C. Exploitation of extractive resources - Survey. Econom. J. 87:1977;681-721.
83. Pindyck R. S. Gains to producers from cartelization of exhaustible resources. Rev. Econom. Statist. 60:1978;238-251.
84. Pindyck R. S. Uncertainty and exhaustible resource markets. J. Polit. Economy. 88:1980;1203-1225.
85. Pindyck R. S. Models of resource markets and the explanation of resource price behavior. Energy Econom. 3:1981;130-139.
86. Pindyck R. S. Jointly produced exhaustible resources. J. Environ. Econom. Management. 9:1982;291-303.
87. Porter R. H. The role of information in United States offshore oil and gas lease auctions. Econometrica. 63:1995;1-27.
88. Reece D. K. Analysis of alternative bidding systems for leasing offshore oil. Bell J. Econom. 10:1979;659-669.
89. Reinganum J. F., Stokey N. L. Oligopoly extraction of a common property natural resource - The importance of the period of commitment in dynamic games. Internat. Econom. Rev. 26:1985;161-173.
90. Rittenberg L., Manuel E. Jr. Sources of labor productivity variation in the U.S. surface coal mining industry, 1960-1976. Energy J. 8:1987;87-100.
91. Roberts K., Weitzman M. I. Funding criteria for research, development, and exploration projects. Econometrica. 49:1981;1261-1288.
92. Runge C. F. Common property externalities - Isolation, assurance, and resource depletion in a traditional grazing context. Amer. J. Agricult. Econom. 63:1981;595-606.
93. Salant S. W. Exhaustible resources and industrial structure - Nash-Cournot approach to world oil market. J. Polit. Economy. 84:1976;1079-1093.
94. Schelling T. C. Some economics of global warming. Amer. Econom. Rev. 82:1992;1-14.
95. Schmalensee R. Appropriate government policy toward commercialization of new energy supply technologies. Energy J. 1:1980;1-40.
96. Schmalensee R., Stoker T. Household gasoline demand in the United States. Econometrica. 67:1999;645-662.
97. Schulze W. D. Optimal use of non-renewable resources - Theory of extraction. J. Environ. Econom. Management. 1:1974;53-73.
98. Sider H. Safety and productivity in underground coal mining. Rev. Econom. Statist. 65:1983;225-233.
99. Slade M. E. Trends in natural resource commodity prices - An analysis of the time domain. J. Environ. Econom. Management. 9:1982;122-137.
100. Slade M. E., Kolstad C. D., Weiner R. J. Buying energy and nonfuel minerals, Final, derived, and speculative demand. Kneese A. V., Sweeney J. L. Handbook of Natural Resource and Energy Economics, Vol. III. 1993;North-Holland, Amsterdam.
101. Slade M., Thille H. Hotelling confronts CAPM, A test of the theory of exhaustible resources. Canad. J. Econom. 30:1997;685-708.
102. Smith V. I. Control-theory applied to natural and environmental resources - Exposition. J. Environ. Econom. Management. 4:1977;1-24.
103. Smith V. K. Measuring natural resource scarcity - Theory and practice. J. Environ. Econom. Management. 5:1978;150-171.
104. Smith V. K. Scarcity and Growth Reconsidered. 1979;Johns Hopkins Univ. Press, Baltimore.
105. Solow R. M. Economics of resources or resources of economics. Amer. Econom. Rev. 64:1974;1-14.
106. Solow R. M. Intergenerational equity and exhaustible resources. Rev. Econom. Stud. 41:1974;29-45.
107. Solow R. M. On the intergenerational allocation of natural resources. Scand. J. Econom. 88:1986;141-149.
108. Stiglitz J. E. Monopoly and rate of extraction of exhaustible resources. Amer. Econom. Rev. 66:1976;655-661.
109. Stollery K. R. Mineral depletion with cost as the extraction limit - A model applied to the behavior of prices in the nickel industry. J. Environ. Econom. Management. 10:1983;151-165.
110. Sweeney J. L. Economics of depletable resources - Market forces and intertemporal bias. Rev. Econom. Stud. 44:1977;125-141.
111. Teisberg T. J. A dynamic programming model of the U.S. strategic petroleum reserve. Bell J. Econom. 12:1981;526-546.
112. Toman M. A. Economics and sustainability - Balancing trade-offs and imperatives. Land Econom. 70:1994;399-413.
113. Annual energy review 1998. July 1999;U.S. Department of EnergyEnergy Information Administration, Office of Energy Markets and End Use, Washington.
114. Weitzman M. L., Newey W., Rabin M. Sequential R&D strategy for synfuels. Bell J. Econom. 12:1981;574-590.
115. Weyant J. The costs of carbon emissions reductions. Nordhaus W. D. Economics and Policy Issues in Climate Change. 1998;Resources for the Future, Washington.
116. Withagen C. A. Untested hypotheses in non-renewable resource economics. Environ. Resour. Econom. 11:1998;623-634.
117. Wolak F., Kolstad C. A model of homogeneous input demand under price uncertainty. Amer. Econom. Rev. 81:1991;514-538.