MODELING AND MEASURING NATURAL RESOURCE SUBSTITUTION

Berndt & Field (editors)

ISBN 10: 0262060787 / ISBN 13: 9780262060783

Published by The M. I. T. Press, Cambridge, MA, 1981

About this Item

Scarce. 314 pages in very good, clean condition. Green cloth with white titles on the spine. Light wear on corners and edges. Brown DJ with illustrations and white titles. Wear on corners, small tears at head/tail of spine. VG+/VG-.

Seller Inventory # 205467

Bibliographic Details

• Title: MODELING AND MEASURING NATURAL RESOURCE SUBSTITUTION
• Publisher: The M. I. T. Press, Cambridge, MA
• Publication Date: 1981
• ISBN 10: 0262060787
• ISBN 13: 9780262060783
• Binding: Hardcover
• Condition: VG+
• Dust Jacket Condition: VG-
• Book Type: Book
• Seller catalogs:
  • Economics
  • Science and Technology
  • General

About this title

Synopsis

A strategy of natural resource substitution is critical if the nation is to adapt successfully to the emerging reality of resource shortages. The essays collected for the first time in this book provide evidence that economists are rising to the challenge, both in terms of anticipating the issues and developing appropriate methodologies for coping with them.The authors' range of considerations here includes duality principles, flexible function forms, the effects of technical innovation, possible energy-capital and energy-labor trade-offs, static and dynamic modeling, and short-term and longterm analytical frameworks. A number of chapters deal with energy resources, while others study substitutions for agricultural resources, nonfuel minerals, and metals.An introductory chapter by the editors, outlines the analytical and empirical state of affairs in this subject area and places the eleven chapters which follow within this context. These are grouped into three major topics: "Results from Recent Research on Resource Substitution and Technological Progress; Problems Arising from Recent Research; "and "Dynamic Models."Contributors are: Dale W. Jorgenson, Barbara M. Fraumeni, John R. Moroney, John M. Trapani, James M. Griffin, Heejoon Kang, Gardner M. Brown, David C. Stapleton, Richard G. Anderson, Raymond J. Kopp, V. Kerry Smith, J. R. Norsworthy, Michael J. Harper, Randall S. Brown, Laurits R. Christensen, M. Denny, M. Fuss, L. Waverman, Catherine J. Morrison, and G. Cambell Watkins.Ernst R. Berndt is Professor of Applied Economics at the Sloan School, MIT. Barry C. Field is Professor of Agricultural and Resource Economics at The University of Massachusetts.

Review

"The authors have performed an exceedingly important function for economists and society in drawing together a synthesis and application of production functions for natural resources at a time when many of these factors of production have taken on greater relative scarcity and high real prices."- Earl O. Heady, Director and Distinguished Professor, The Center for Agricultural and Rural Development