The Allocation of Energy Resources

Norhaus, William D.
September 1973
Brookings Papers on Economic Activity;1973, Issue 3, p529
Academic Journal
Examines the allocation of energy resources in the United States. How some are worrying about the exhaustion of petroleum supplies; Discussion of the role of markets for resources; Details on the efficient allocation of energy resources; Recoverable energy resources in the world; Technologies used in processing energy resources; Cost of intermediate energy products without the cost of royalties; Terminal conditions and discount rates or backstop technology; Environmental constraints; Results of the basic case which states there are sufficient energy resources for two hundred years; Exploration of gasoline pricing; Role of foreign trade; Implications for energy policy.


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