Thermodynamic implications for natural resource extraction and technical change in U.S. copper mining
Motivated by the lack of integrated approaches that do justice to both the thermodynamic and economic aspects of natural resource use and the lack of empirical studies combining the two disciplines, this paper provides an integrated framework for the valuation of technologies, substitution and technical change. The paper determines empirically the relationships between thermodynamic states of materials and the use of high-quality energy sources for the case of copper mining in the United States. The empirical analysis provides the basis for a nonlinear dynamic simulation of optimal resource extraction and endogenous technical change in the light of changing resource quality. The study assesses the potential for future improvements in U.S. copper mining. Copyright Kluwer Academic Publishers 1995
Volume (Year): 6 (1995)
Issue (Month): 2 (September)
|Contact details of provider:|| Web page: http://www.springer.com|
Postal:c/o EAERE Secretariat - Fondazione Eni Enrico Mattei - Isola di San Giorgio Maggiore 8, I-30124 Venice, Italy
Web page: http://www.eaere.org/
More information through EDIRC
|Order Information:||Web: http://www.springer.com/economics/environmental/journal/10640/PS2|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Dorfman, Robert, 1969. "An Economic Interpretation of Optimal Control Theory," American Economic Review, American Economic Association, vol. 59(5), pages 817-31, December.
- Faber, Malte & Proops, John & Ruth, Matthias & Michaelis, Peter, 1990. "Economy-environment interactions in the long-run: a neo-Austrian approach," Ecological Economics, Elsevier, vol. 2(1), pages 27-55, April.
- Ayres, Robert U., 1988. "Optimal investment policies with exhaustible resources: An information-based model," Journal of Environmental Economics and Management, Elsevier, vol. 15(4), pages 439-461, December.
- Kummel, Reiner, 1989. "Energy as a factor of production and entropy as a pollution indicator in macroeconomic modelling," Ecological Economics, Elsevier, vol. 1(2), pages 161-180, May.
- Ruth, Matthias & Bullard, Clark W., 1993. "Information, production and utility," Energy Policy, Elsevier, vol. 21(10), pages 1059-1067, October.
- Lesourd, Jean-Baptiste, 1985. "Energy and resources as production factors in process industries," Energy Economics, Elsevier, vol. 7(3), pages 138-144, July.
- Hannon, Bruce & Ruth, Matthias & Delucia, Evan, 1993. "A physical view of sustainability," Ecological Economics, Elsevier, vol. 8(3), pages 253-268, December.
- Ruth, Matthias, 1995. "Information, order and knowledge in economic and ecological systems: implications for material and energy use," Ecological Economics, Elsevier, vol. 13(2), pages 99-114, May.
- Ayres, Robert U. & Miller, Steven M., 1980. "The role of technological change," Journal of Environmental Economics and Management, Elsevier, vol. 7(4), pages 353-371, December.
- Islam, Saiful, 1985. "Effect of an essential input on isoquants and substitution elasticities," Energy Economics, Elsevier, vol. 7(3), pages 194-196, July.
When requesting a correction, please mention this item's handle: RePEc:kap:enreec:v:6:y:1995:i:2:p:187-206. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If references are entirely missing, you can add them using this form.