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Introduction

In: Natural Resource Pricing and Rents

Author

Listed:
  • Andrey Vavilov

    (Institute for Financial Studies)

  • Georgy Trofimov

    (Institute for Financial Studies)

Abstract

This book can be viewed as an introduction to the theory of natural resource pricing, which is grounded on the premise of rational use of resources by economic agents. Their decisions result from resource evaluation based on dynamic optimization: maximization of some economic value with respect to resource constraints that can be given in various forms. Theoretical models of rational use of natural resources can be applied for the cases of non-renewable resources, such as underground stocks of fossil fuels, minerals, ores, etc., and for the cases of renewable resources of biosphere, water and atmosphere. The case of global atmospheric resources, among others considered in this book, is especially important in the context of the climate change problem.

Suggested Citation

  • Andrey Vavilov & Georgy Trofimov, 2021. "Introduction," Contributions to Economics, in: Natural Resource Pricing and Rents, chapter 0, pages 1-13, Springer.
    • Handle: RePEc:spr:conchp:978-3-030-76753-2_1
    DOI: 10.1007/978-3-030-76753-2_1
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