Article ID Journal Published Year Pages File Type
985682 Resource and Energy Economics 2013 14 Pages PDF
Abstract

When there is a larger scope for replacing non-renewable resource use by renewable resources, resource depletion can be more easily avoided. However institutional failures may prevent this advantage to materialize. We offer a unified framework showing how this insight applies to the following highly different situations analyzed in six different papers. First, a more parsimonious use of Antibiotics may reduce the decay of antibiotic efficacy. Second, biofuels introduced in energy supply allow for reduced energy prices and fossil depletion. Third, when a larger fraction of carbon decays, a larger part of fossil reserves can be exploited. Fourth, limiting disruption of the climate enhances carbon decay. Fifth, expropriation of harvest slows down depletion, while free access to a resource accelerates it. Sixth, forest cover depletion is slowed down when trees grow faster.

Related Topics
Physical Sciences and Engineering Energy Energy (General)
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