Portal de Periódicos da CAPES

Extraction Costs and the Economics of Nonrenewable Resources

1987; University of Chicago Press; Volume: 95; Issue: 1 Linguagem: Inglês

10.1086/261448

1537-534X

John Livernois, Russell S. Uhler,

Global Energy and Sustainability Research

Previous articleNext article No AccessExtraction Costs and the Economics of Nonrenewable ResourcesJohn R. Livernois and Russell S. UhlerJohn R. Livernois and Russell S. UhlerPDFPDF PLUS Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinkedInRedditEmail SectionsMoreDetailsFiguresReferencesCited by Journal of Political Economy Volume 95, Number 1Feb., 1987 Article DOIhttps://doi.org/10.1086/261448 Views: 48Total views on this site Citations: 91Citations are reported from Crossref Copyright 1987 The University of ChicagoPDF download Crossref reports the following articles citing this article:Unurjargal Nyambuu, Willi Semmler Climate change and the transition to a low carbon economy – Carbon targets and the carbon budget, Economic Modelling 84 (Jan 2020): 367–376.https://doi.org/10.1016/j.econmod.2019.04.026Julien Daubanes, Pierre Lasserre The supply of non‐renewable resources, Canadian Journal of Economics/Revue canadienne d'économique 52, no.33 (Aug 2019): 1084–1111.https://doi.org/10.1111/caje.12394Xu Zhao, Carol A. Dahl, Dongkun Luo How OECD countries subsidize oil and natural gas producers and modeling the consequences: A review, Renewable and Sustainable Energy Reviews 104 (Apr 2019): 111–126.https://doi.org/10.1016/j.rser.2019.01.002Soren T. Anderson, Ryan Kellogg, and Stephen W. Salant Hotelling under Pressure, Journal of Political Economy 126, no.33 (May 2018): 984–1026.https://doi.org/10.1086/697203Fadhila Achmadi Rosyid, Tsuyoshi Adachi Optimization on long term supply allocation of Indonesian coal to domestic market, Energy Systems 9, no.22 (Jan 2017): 385–414.https://doi.org/10.1007/s12667-017-0229-9James Hansen, Isaac Gross Commodity price volatility with endogenous natural resources, European Economic Review 101 (Jan 2018): 157–180.https://doi.org/10.1016/j.euroecorev.2017.10.006Renaud Coulomb, Fanny Henriet The Grey Paradox: How fossil-fuel owners can benefit from carbon taxation, Journal of Environmental Economics and Management 87 (Jan 2018): 206–223.https://doi.org/10.1016/j.jeem.2017.07.001Dimitri Dimitropoulos, Adonis Yatchew , Macroeconomic Dynamics 22, no.33 ( 2018): 683.https://doi.org/10.1017/S1365100516000511Y. Olaya, I. Dyner Modelling for Policy Assessment in the Natural Gas Industry, (Nov 2017): 329–353.https://doi.org/10.1057/978-1-349-95257-1_11Brian R. Copeland, M. Scott Taylor Environmental and resource economics: A Canadian retrospective, Canadian Journal of Economics/Revue canadienne d'économique 50, no.55 (Dec 2017): 1381–1413.https://doi.org/10.1111/caje.12302Unurjargal Nyambuu, Willi Semmler The Challenges in the Transition from Fossil Fuel to Renewable Energy, (Mar 2017): 157–181.https://doi.org/10.1007/978-3-319-49604-7_8Xiomara Pulido Extracciin Dinnmica ptima De Gas Y Petrrleo En Colombia: Retos Del Uso Simulttneo De Dos Recursos Naturales (Optimal Dynamic Extraction of Gas and Oil in Colombia: Challenges of the Simultaneous Use of Two Natural Resources), SSRN Electronic Journal (Jan 2017).https://doi.org/10.2139/ssrn.3036567Samuel J. Okullo, Frédéric Reynès Imperfect cartelization in OPEC, Energy Economics 60 (Nov 2016): 333–344.https://doi.org/10.1016/j.eneco.2016.10.010Farhad Taghizadeh-Hesary, Naoyuki Yoshino Impact of Expansionary Monetary Policy on Crude Oil Prices, (Mar 2016): 7–27.https://doi.org/10.1007/978-4-431-55797-5_2Farhad Taghizadeh-Hesary, Naoyuki Yoshino Which Side of the Economy Is Affected More by Oil Prices: Supply or Demand?, (Mar 2016): 29–53.https://doi.org/10.1007/978-4-431-55797-5_3Ines Österle The Green Paradox and the importance of endogenous resource exploration, Australian Journal of Agricultural and Resource Economics 60, no.11 (Feb 2015): 60–78.https://doi.org/10.1111/1467-8489.12103Samuel Jovan Okullo The U-Shaped Oil Price: A Theory and Some Evidence, SSRN Electronic Journal (Jan 2016).https://doi.org/10.2139/ssrn.2824341Fadhila Achmadi Rosyid, Tsuyoshi Adachi Forecasting on Indonesian Coal Production and Future Extraction Cost: A Tool for Formulating Policy on Coal Marketing, Natural Resources 07, no.1212 (Jan 2016): 677–696.https://doi.org/10.4236/nr.2016.712054Robert D. Cairns, Graham A. Davis Mineral Depletion and the Rules of Resource Dynamics, The Energy Journal 36, no.0101 (Sep 2015).https://doi.org/10.5547/01956574.36.SI1.rcaiVahid Ghorbani Pashakolaie, Shahla Khaleghi, Teymor Mohammadi, Morteza Khorsandi Oil Production Cost Function and Oil Recovery Implementation- Evidence from an Iranian Oil Field, Energy Exploration & Exploitation 33, no.44 (Aug 2015): 459–470.https://doi.org/10.1260/0144-5987.33.4.459Samuel J. Okullo, Frédéric Reynès, Marjan W. Hofkes Modeling peak oil and the geological constraints on oil production, Resource and Energy Economics 40 (May 2015): 36–56.https://doi.org/10.1016/j.reseneeco.2015.01.002Lucija Muehlenbachs A DYNAMIC MODEL OF CLEANUP: ESTIMATING SUNK COSTS IN OIL AND GAS PRODUCTION, International Economic Review 56, no.11 (Jan 2015): 155–185.https://doi.org/10.1111/iere.12098Samuel Jovan Okullo, Frederic Reynes Imperfect Cartelization in OPEC, SSRN Electronic Journal (Jan 2015).https://doi.org/10.2139/ssrn.2713106Anthony J. Venables Depletion and Development: Natural Resource Supply with Endogenous Field Opening, Journal of the Association of Environmental and Resource Economists 1, no.33 (Jul 2015): 313–336.https://doi.org/10.1086/677941Alessandro Cologni, Matteo Manera On the economic determinants of oil production, Energy Economics 44 (Jul 2014): 68–79.https://doi.org/10.1016/j.eneco.2014.03.019Farhad Taghizadeh Hesary, Naoyuki Yoshino Monetary policies and oil price determination: an empirical analysis, OPEC Energy Review 38, no.11 (Mar 2014): 1–20.https://doi.org/10.1111/opec.12021Unurjargal Nyambuu, Willi Semmler Trends in the extraction of non-renewable resources: The case of fossil energy, Economic Modelling 37 (Feb 2014): 271–279.https://doi.org/10.1016/j.econmod.2013.11.020Bonga Wellington Garikai, Frank Chirowa Level of Cooperativeness of Individuals to Issues of Energy Conservation, SSRN Electronic Journal (Jan 2014).https://doi.org/10.2139/ssrn.2412639Samuel Jovan Okullo, Frederic Reynes, Marjan W. Hofkes Modeling Peak Oil and the Geological Constraints on Oil Production, SSRN Electronic Journal (Jan 2014).https://doi.org/10.2139/ssrn.2446055James L. Smith Issues in extractive resource taxation: A review of research methods and models, Resources Policy 38, no.33 (Sep 2013): 320–331.https://doi.org/10.1016/j.resourpol.2013.06.004Kamiar Mohaddes Econometric modelling of world oil supplies: terminal price and the time to depletion, OPEC Energy Review 37, no.22 (Jun 2013): 162–193.https://doi.org/10.1111/opec.12012Akbar Marvasti The role of price expectations and legal uncertainties in ocean mineral, exploration activities, Resources Policy 38, no.11 (Mar 2013): 68–74.https://doi.org/10.1016/j.resourpol.2012.09.002ANDON J. BLAKE INVESTIGATING TAX DISTORTIONS: AN APPLIED MODEL OF PETROLEUM EXPLORATION AND EXTRACTION DECISIONS, Natural Resource Modeling 26, no.11 (Jul 2012): 66–90.https://doi.org/10.1111/j.1939-7445.2012.00121.xKrishna Chauhan, Iasuklang Kharumnuid New Mineral Policy - A Changing Perspective and Vision: An Insight into Dynamics of Employment and Growth in Mining Industry of Meghalaya, SSRN Electronic Journal (Jan 2013).https://doi.org/10.2139/ssrn.2308452Iasuklang Kharumnuid, Krishna Chauhan, Sankar Sarma New Mineral Policy - A Changing Perspective and Vision: An Insight into Dynamics of Unscientific and Unregulated Mining in Meghalaya, SSRN Electronic Journal (Jan 2013).https://doi.org/10.2139/ssrn.2308453Farhad Taghizadeh Hesary, Naoyuki Yoshino Which Side of the Economy Is Affected More by Oil Prices: Supply or Demand?, SSRN Electronic Journal (Jan 2013).https://doi.org/10.2139/ssrn.2333991James L. Smith On the portents of peak oil (and other indicators of resource scarcity), Energy Policy 44 (May 2012): 68–78.https://doi.org/10.1016/j.enpol.2012.01.014Douglas B. Reynolds, Jungho Baek Much ado about Hotelling: Beware the ides of Hubbert, Energy Economics 34, no.11 (Jan 2012): 162–170.https://doi.org/10.1016/j.eneco.2011.04.010Lucija Muehlenbachs Testing for Avoidance of Environmental Obligations, SSRN Electronic Journal (Jan 2012).https://doi.org/10.2139/ssrn.2014274Samuel Jovan Okullo, Frederic Reynes, Marjan W. Hofkes Modeling Peak Oil and the Geological Constraints on Oil Production, SSRN Electronic Journal (Jan 2012).https://doi.org/10.2139/ssrn.2025631Ines Österle Fossil Fuel Extraction and Climate Policy: A Review of the Green Paradox with Endogenous Resource Exploration, SSRN Electronic Journal (Jan 2012).https://doi.org/10.2139/ssrn.2030090Hillard Huntington, Zhuo Huang, Saud M. Al-Fattah, Michael Gucwa, Ali Nouri Oil Markets and Price Movements: A Survey of Determinants, SSRN Electronic Journal (Jan 2012).https://doi.org/10.2139/ssrn.2274543James L. Smith, Issues in Extractive Resource Taxation: A Review of Research Methods and Models, IMF Working Papers 12, no.287287 (Jan 2012): 1.https://doi.org/10.5089/9781475573466.001Adam R. Brandt, Michael Dale A General Mathematical Framework for Calculating Systems-Scale Efficiency of Energy Extraction and Conversion: Energy Return on Investment (EROI) and Other Energy Return Ratios, Energies 4, no.88 (Aug 2011): 1211–1245.https://doi.org/10.3390/en4081211John R. Boyce, Linda Nøstbakken Exploration and development of U.S. oil and gas fields, 1955–2002, Journal of Economic Dynamics and Control 35, no.66 (Jun 2011): 891–908.https://doi.org/10.1016/j.jedc.2010.12.010John R. Boyce, J.C. Herbert Emery Is a negative correlation between resource abundance and growth sufficient evidence that there is a "resource curse"?, Resources Policy 36, no.11 (Mar 2011): 1–13.https://doi.org/10.1016/j.resourpol.2010.08.004James L. Smith On the Portents of Peak Oil (and Other Indicators of Resource Scarcity), SSRN Electronic Journal (Jan 2011).https://doi.org/10.2139/ssrn.1852923Alessandro Cologni, Matteo Manera On the Economic Determinants of Oil Production - Theoretical Analysis and Empirical Evidence for Small Exporting Countries, SSRN Electronic Journal (Jan 2011).https://doi.org/10.2139/ssrn.1891700 Yin Ai-zhen, Zhang Zai-xu Notice of Retraction: Optimization of oil-gas exploration and development investment structure, (Oct 2010): V11-677–V11-681.https://doi.org/10.1109/ICCASM.2010.5623116Adam R. Brandt Review of mathematical models of future oil supply: Historical overview and synthesizing critique, Energy 35, no.99 (Sep 2010): 3958–3974.https://doi.org/10.1016/j.energy.2010.04.045Sun Dachao, Wei Xiaoping, Lu Nan Study of the Optimum Extraction of Coal Resources Based on the Rate of Comprehensive Extraction, (May 2010): 824–826.https://doi.org/10.1109/ICEE.2010.214Frederic Reynes, Samuel Jovan Okullo, Marjan W. Hofkes How Does Economic Theory Explain the Hubbert Peak Oil Model?, SSRN Electronic Journal (Jan 2010).https://doi.org/10.2139/ssrn.1711610Zheng Yuhua, Luo Dongkun Investment optimization in oil and gas plays, Petroleum Exploration and Development 36, no.44 (Aug 2009): 535–540.https://doi.org/10.1016/S1876-3804(09)60145-2John Livernois On the Empirical Significance of the Hotelling Rule, Review of Environmental Economics and Policy 3, no.11 (Sep 2020): 22–41.https://doi.org/10.1093/reep/ren017Peter Hartley, Kenneth B. Medlock A model of the operation and development of a National Oil Company, Energy Economics 30, no.55 (Sep 2008): 2459–2485.https://doi.org/10.1016/j.eneco.2007.12.017Stephen P. Holland Modeling Peak Oil, The Energy Journal 29, no.22 (Apr 2008).https://doi.org/10.5547/ISSN0195-6574-EJ-Vol29-No2-4MITCH KUNCE ROYALTY INCENTIVES AND GULF OF MEXICO OIL PRODUCTION, Natural Resource Modeling 20, no.33 (Jun 2008): 381–404.https://doi.org/10.1111/j.1939-7445.2007.tb00212.xPhilippe Quirion, Meriem Hamdi-Cherif General equilibrium impact of an energy-saving policy in the public sector, Environmental and Resource Economics 38, no.22 (Jan 2007): 245–258.https://doi.org/10.1007/s10640-006-9075-2Shunsuke Managi, James J. Opaluch, Di Jin, Thomas A. Grigalunas Stochastic frontier analysis of total factor productivity in the offshore oil and gas industry, Ecological Economics 60, no.11 (Nov 2006): 204–215.https://doi.org/10.1016/j.ecolecon.2005.11.028Nguyen Manh Hung, Jean-Christophe Poudou, Lionel Thomas Optimal resource extraction contract with adverse selection, Resources Policy 31, no.22 (Jun 2006): 78–85.https://doi.org/10.1016/j.resourpol.2006.07.001John Livernois, Henry Thille, Xianqiang Zhang A test of the Hotelling rule using old-growth timber data, Canadian Journal of Economics/Revue canadienne d' conomique 39, no.11 (Feb 2006): 163–186.https://doi.org/10.1111/j.0008-4085.2006.00343.xY Olaya, I Dyner Modelling for policy assessment in the natural gas industry, Journal of the Operational Research Society 56, no.1010 (Dec 2017): 1122–1131.https://doi.org/10.1057/palgrave.jors.2601895Betty Agnani, María-José Gutiérrez, Amaia Iza Growth in overlapping generation economies with non-renewable resources, Journal of Environmental Economics and Management 50, no.22 (Sep 2005): 387–407.https://doi.org/10.1016/j.jeem.2004.12.003Shunsuke Managi, James J. Opaluch, Di Jin, Thomas A. Grigalunas Technological change and petroleum exploration in the Gulf of Mexico, Energy Policy 33, no.55 (Mar 2005): 619–632.https://doi.org/10.1016/j.enpol.2003.09.007Yasuhisa HAYASHIYAMA, Shin-ichi MUTO, Tetsuji SATO OPTIMAL ECONOMIC GROWTH THEORY IN THE ENVIRONMENTAL AND RESOURCE ECONOMICS, Doboku Gakkai Ronbunshu 2005, no.779779 (Jan 2005): 779_25–779_44.https://doi.org/10.2208/jscej.2005.779_25Jeffrey A. Krautkraemer, Michael A. Toman Economics of Energy Supply, (Jan 2004): 91–102.https://doi.org/10.1016/B0-12-176480-X/00134-0Mitch Kunce, Shelby Gerking, William Morgan, Ryan Maddux State Taxation, Exploration, and Production in the U.S. Oil Industry, Journal of Regional Science 43, no.44 (Nov 2003): 749–770.https://doi.org/10.1111/j.0022-4146.2003.00319.xJohn R. Boyce Exploration can cause falling non-renewable resource prices, Energy Economics 25, no.44 (Jul 2003): 339–343.https://doi.org/10.1016/S0140-9883(02)00101-9Elin Berg, Snorre Kverndokk, Knut Einar Rosendahl Oil Exploration under Climate Treaties, Journal of Environmental Economics and Management 44, no.33 (Nov 2002): 493–516.https://doi.org/10.1006/jeem.2001.1211John T Cuddington, Diana L Moss Technological Change, Depletion, and the U.S. Petroleum Industry, American Economic Review 91, no.44 (Sep 2001): 1135–1148.https://doi.org/10.1257/aer.91.4.1135Di Jin, Hauke L. Kite-Powell Optimal fleet utilization and replacement, Transportation Research Part E: Logistics and Transportation Review 36, no.11 (Mar 2000): 3–20.https://doi.org/10.1016/S1366-5545(99)00021-6John T. Cuddington, Diana L. Moss Technological Change, Depletion and the U.S. Petroleum Industry, SSRN Electronic Journal (Jan 2000).https://doi.org/10.2139/ssrn.224625Janie M. Chermak, James Crafton, Suzanne M. Norquist, Robert H. Patrick A hybrid economic–engineering model for natural gas production, Energy Economics 21, no.11 (Feb 1999): 67–94.https://doi.org/10.1016/S0140-9883(98)00004-8Robert D. Cairns, Nguyen Van Quyen Optimal Exploration for and Exploitation of Heterogeneous Mineral Deposits, Journal of Environmental Economics and Management 35, no.22 (Mar 1998): 164–189.https://doi.org/10.1006/jeem.1998.1027John Rowse On ad valorem taxation of nonrenewable resource production, Resource and Energy Economics 19, no.33 (Aug 1997): 221–239.https://doi.org/10.1016/S0928-7655(96)00014-0Carlos A. Ulibarrí Non-conventional fuel tax credits and the extraction R&D model, Resources Policy 22, no.33 (Sep 1996): 207–215.https://doi.org/10.1016/S0301-4207(96)00038-4A. fnMarvasti Reserve characteristics and mining costs An empirical study of the phosphate industry, Environmental and Resource Economics 7, no.44 (Jun 1996): 357–373.https://doi.org/10.1007/BF00369624Omowumi O. Iledare Simulating the effect of economic and policy incentives on natural gas drilling and gross reserve additions, Resource and Energy Economics 17, no.33 (Nov 1995): 261–279.https://doi.org/10.1016/0928-7655(95)00003-GJanie M. Chermak, Robert H. Patrick Technological Advancement and the Recovery of Natural Gas: The Value of Information, The Energy Journal 16, no.11 (Jan 1995).https://doi.org/10.5547/ISSN0195-6574-EJ-Vol16-No1-7Robert D. Cairns On Gray's Rule and the Stylized Facts of Non-Renewable Resources, Journal of Economic Issues 28, no.33 (Jan 2016): 777–798.https://doi.org/10.1080/00213624.1994.11505582Michael J Mueller Behaviour of non-renewable natural resource firms under uncertainty, Energy Economics 16, no.11 (Jan 1994): 9–21.https://doi.org/10.1016/0140-9883(94)90013-2Di Jin, Thomas A. Grigalunas ENVIRONMENTAL COMPLIANCE AND OPTIMAL OIL AND GAS EXPLOITATION, Natural Resource Modeling 7, no.44 (Jun 2017): 331–352.https://doi.org/10.1111/j.1939-7445.1993.tb00157.xJames L. Sweeney Economic Theory of Depletable Resources: an Introduction, (Jan 1993): 759–854.https://doi.org/10.1016/S1573-4439(05)80004-1Dennis Epple, John Londregan Strategies for Modeling Exhaustible Resource Supply, (Jan 1993): 1077–1107.https://doi.org/10.1016/S1573-4439(05)80009-0Suzanne M. Norquist , Natural Resource Modeling 7, no.33 ( 1993): 219.https://doi.org/10.1111/j.1939-7445.1993.tb00150.xJohn M. Hartwick The non-renewable resource exploring-extracting firm and the r% rule, Resources and Energy 13, no.22 (Jun 1991): 129–143.https://doi.org/10.1016/0165-0572(91)90011-QRobert D. Cairns THE ECONOMICS OF EXPLORATION FOR NON-RENEWABLE RESOURCES, Journal of Economic Surveys 4, no.44 (Dec 1990): 361–395.https://doi.org/10.1111/j.1467-6419.1990.tb00093.xROBERT D. CAIRNS A CONTRIBUTION TO THE THEORY OF DEPLETABLE RESOURCE SCARCITY AND ITS MEASURES, Economic Inquiry 28, no.44 (Oct 1990): 744–755.https://doi.org/10.1111/j.1465-7295.1990.tb00829.xRobert D. Cairns Geological influences, metal prices and rationality, Resources and Energy 12, no.22 (Jul 1990): 143–171.https://doi.org/10.1016/0165-0572(90)90015-BRobert D. Cairns Les ressources non renouvelables : le côté offre, L'Actualité économique 66, no.44 (Jan 2009): 444–460.https://doi.org/10.7202/601548arMichael J. Mueller , Natural Resource Modeling 3, no.22 ( 1989): 261.https://doi.org/10.1111/j.1939-7445.1989.tb00077.x