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Provedor de dados: 31
Autores: Lin,
C.-Y. Cynthia; Zhang,
Wei.
This paper estimates a dynamic model of the world market for nine nonrenewable resources over the period 1970-2004, and tests
whether the countries supplying a nonrenewable resource behaved as price-takers or oligopolists. The model generates estimates
of the shadow price of the nine minerals with minimal functional form assumptions. The results show that the countries
supplying hard coal, lead, and oil behaved as oligopolists during the study period, while the world market for other nonrenewable
resources could be characterized as perfectly competitive. The shadow prices do not increase monotonically, which is evidence for
stock effects in extraction costs. The shadow prices of most minerals peaked between 1970 and 1980.
Tipo: Conference Paper or Presentation
Palavras-chave: Nonrenewable resources; Market power; Shadow price; Empirical dynamic model; Resource /Energy
Economics and Policy; Q31; L13.
Ano: 2011
URL: http://purl.umn.edu/103397
GAME THEORY ANALYSIS OF COMPETITION FOR GROUNDWATER INVOLVING EL
PASO, TEXAS AND CIUDAD JUAREZ, MEXICO
Provedor de dados: 31
Autores: Nakao,
Megumi; Wichelns,
Dennis; Montgomery,
John T.
We examine the potential gains from cooperation in the withdrawal of water from the Hueco Bolson aquifer that provides
municipal water supply for El Paso, Texas and Ciudad Juarez, Mexico. The aquifer lies beneath the international border, and
both cities operate independently regarding pumping rates and withdrawals. We estimate the gains by comparing four scenarios
in a dynamic setting: 1) a status quo scenario in which both cities continue extracting groundwater as they are at present, 2) a Nash
non-cooperative game scenario, 3) a Nash bargaining scenario, and 4) a scenario that involves maximizing the sum of net benefits
in both cities. All scenarios, including the non-cooperative game, provide a longer useful life of the Hueco Bolson aquifer than...
Tipo: Conference Paper or Presentation
Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2002
URL: http://purl.umn.edu/19732
Prioritizing Invasive Species Threats Under Uncertainty
Provedor de dados: 31
Autores: Moffitt,
L. Joe; Osteen,
Craig D.
Prioritizing exotic or invasive pest threats in terms of agricultural, environmental, or human health damages is an important
resource allocation issue for programs charged with preventing or responding to the entry of such organisms. Under extreme
uncertainty, program managers may decide to research the severity of threats, develop prevention or control actions, and estimate
cost-effectiveness in order to provide better information and more options when making decisions to choose strategies for specific
pests. We examine decision rules based on the minimax and relative cost criteria in order to express a cautious approach for
decisions regarding severe, irreversible consequences, discuss the strengths and weaknesses of these rules, examine the roles of...
Tipo: Journal Article
Palavras-chave: Invasive species; Decision criteria; Uncertainty; Resource /Energy Economics and Policy.
Ano: 2006
URL: http://purl.umn.edu/10168
THE QUEUING THEORETIC APPROACH TO GROUNDWATER MANAGEMENT
Provedor de dados: 31