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Oil import fees with exemptions: An empirical examination 石油进口免税费:实证检验
Resources and Energy Pub Date : 1990-03-01 DOI: 10.1016/0165-0572(90)90032-E
J. Sweeney
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引用次数: 2
The aggregate production profile for U.S. crude oil 美国原油总产量概况
Resources and Energy Pub Date : 1990-03-01 Epub Date: 2002-04-04 DOI: 10.1016/0165-0572(90)90003-2
Daniel S. Christiansen, David B. Reister
{"title":"The aggregate production profile for U.S. crude oil","authors":"Daniel S. Christiansen,&nbsp;David B. Reister","doi":"10.1016/0165-0572(90)90003-2","DOIUrl":"10.1016/0165-0572(90)90003-2","url":null,"abstract":"<div><p>In this paper the aggregate production profile for U.S. crude oil is estimated for the period 1961 to 1985. When reserve data is used, a significant lag is found between the time that reserves are added and production peaks. This long lag can be attributed to a system of production controls that existed until about 1970. When the profile is re-estimated over the period from 1970 to 1985, there is a much shorter period between reserve additions and peak production. An alternative approach based on drilling data gives similar results for the entire sample period but different results for the subperiod 1970–1985. Factors that are responsible for the general shapes of the profiles are discussed</p></div>","PeriodicalId":101080,"journal":{"name":"Resources and Energy","volume":"11 4","pages":"Pages 337-355"},"PeriodicalIF":0.0,"publicationDate":"1990-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0165-0572(90)90003-2","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82396531","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Optimal resource extraction under stochastic terms of trade 随机贸易条件下的最优资源开采
Resources and Energy Pub Date : 1990-03-01 Epub Date: 2002-04-04 DOI: 10.1016/0165-0572(90)90001-Y
Axel Behrens
{"title":"Optimal resource extraction under stochastic terms of trade","authors":"Axel Behrens","doi":"10.1016/0165-0572(90)90001-Y","DOIUrl":"https://doi.org/10.1016/0165-0572(90)90001-Y","url":null,"abstract":"<div><p>This paper examines the optimal extraction of an exhaustible resource owned by a small open economy, when the terms of trade faced by this country follow an exogenous given time path that is subject to stochastic fluctuations. First, we will see that if the functions involved in the first-order conditions are non-linear, the optimal extraction path is changed due to uncertainty. A ‘certainty-equivalence’ solution would not bring out this result. Second, the ability of this country to withhold production in times when it's not profitable to deplete the resource (due to stochastic fluctuations of the terms of trade), provides an incentive to slow down the rate of production under uncertainty.</p></div>","PeriodicalId":101080,"journal":{"name":"Resources and Energy","volume":"11 4","pages":"Pages 321-327"},"PeriodicalIF":0.0,"publicationDate":"1990-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0165-0572(90)90001-Y","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136556301","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
Index 指数
Resources and Energy Pub Date : 1990-03-01 Epub Date: 2002-04-04 DOI: 10.1016/0165-0572(90)90007-6
{"title":"Index","authors":"","doi":"10.1016/0165-0572(90)90007-6","DOIUrl":"https://doi.org/10.1016/0165-0572(90)90007-6","url":null,"abstract":"","PeriodicalId":101080,"journal":{"name":"Resources and Energy","volume":"11 4","pages":"Pages 413-414"},"PeriodicalIF":0.0,"publicationDate":"1990-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0165-0572(90)90007-6","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136556300","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
An econometric analysis of paper and wastepaper markets 纸张和废纸市场的计量经济学分析
Resources and Energy Pub Date : 1990-03-01 Epub Date: 2002-04-04 DOI: 10.1016/0165-0572(90)90035-H
John A. Edgren, Kemper W. Moreland
{"title":"An econometric analysis of paper and wastepaper markets","authors":"John A. Edgren,&nbsp;Kemper W. Moreland","doi":"10.1016/0165-0572(90)90035-H","DOIUrl":"10.1016/0165-0572(90)90035-H","url":null,"abstract":"<div><p>The U.S. Federal government and many state governments have developed policies to encourage the recycling of wastepaper. In order to examine the effectiveness and efficiency of these policies the present paper does three things. First, we describe the U.S. market for wastepaper, with particular attention to price behavior. Second, we calculate recycling rates, and note that despite wide swings in price, recycling rates have changed little. Last we estimate an econometric model of paper and wastepaper markets to calculate price elasticities of supply and demand. We find these elasticities to be very small. This finding calls into question the effectiveness of government policy.</p></div>","PeriodicalId":101080,"journal":{"name":"Resources and Energy","volume":"11 3","pages":"Pages 299-319"},"PeriodicalIF":0.0,"publicationDate":"1990-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0165-0572(90)90035-H","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90512657","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 41
Resource extraction and investments in production capital under non-stationary interest rates 非固定利率下的资源开采和生产资本投资
Resources and Energy Pub Date : 1990-03-01 Epub Date: 2002-04-04 DOI: 10.1016/0165-0572(90)90004-3
Trond E. Olsen
{"title":"Resource extraction and investments in production capital under non-stationary interest rates","authors":"Trond E. Olsen","doi":"10.1016/0165-0572(90)90004-3","DOIUrl":"10.1016/0165-0572(90)90004-3","url":null,"abstract":"<div><p>We characterize the optimal investment and extraction program for a firm whose discount factor has a non-stationary interest rate. Such discount functions arise naturally in cases where the firm's horizon is uncertain. For the assumed production technology, all investments in physical capital will be concentrated up front if the interest rate is stationary. Under non-stationary interest rates, investments may be delayed, and we provide a partial characterization of the discount functions which yield this result.</p></div>","PeriodicalId":101080,"journal":{"name":"Resources and Energy","volume":"11 4","pages":"Pages 357-369"},"PeriodicalIF":0.0,"publicationDate":"1990-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0165-0572(90)90004-3","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80559773","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Spectral analysis of the relationship between energy consumption, employment, and business cycles 能源消耗、就业和商业周期之间关系的频谱分析
Resources and Energy Pub Date : 1990-03-01 Epub Date: 2002-04-04 DOI: 10.1016/0165-0572(90)90006-5
Umit Erol, Eden S.H. Yu
{"title":"Spectral analysis of the relationship between energy consumption, employment, and business cycles","authors":"Umit Erol,&nbsp;Eden S.H. Yu","doi":"10.1016/0165-0572(90)90006-5","DOIUrl":"10.1016/0165-0572(90)90006-5","url":null,"abstract":"<div><p>Through the use of cross-spectral techniques, we identify the dependence of U.S. industrial energy consumption on the industrial production index and total non-farm employment over business cycles. In particular, total energy consumption, mainly due to its industrial component, responds to changes in the production index. It is found that the industrial demand for energy is fairly sensitive to business cycles, while the household energy consumption and transportationsector energy consumption are not significantly affected by the expansion and contraction phases of the economy. In addition, there is a significant degree of correlation between the total non-farm employment and energy consumption over the business cycle frequencies. The evidence indicates a simultaneous response of employment and energy consumption to business cycle movements of the production index and suggests neutrality between energy and labor employment.</p></div>","PeriodicalId":101080,"journal":{"name":"Resources and Energy","volume":"11 4","pages":"Pages 395-412"},"PeriodicalIF":0.0,"publicationDate":"1990-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0165-0572(90)90006-5","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88444874","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 28
Oil import fees with exemptions 免征石油进口费用
Resources and Energy Pub Date : 1990-03-01 Epub Date: 2002-04-04 DOI: 10.1016/0165-0572(90)90032-E
James L. Sweeney
{"title":"Oil import fees with exemptions","authors":"James L. Sweeney","doi":"10.1016/0165-0572(90)90032-E","DOIUrl":"https://doi.org/10.1016/0165-0572(90)90032-E","url":null,"abstract":"<div><p>This paper reviews and quantifies arguments for and against oil import fees. It concludes that expected exemptions from the fee imply that net economic costs to the U.S. of a fee would exceed economic benefits. In addition, welfare losses from a large fee would greatly exceed losses normally associated with instruments designed to raise tax revenues. Coupled with the noneconomic assessment, the economic analysis suggests that the adoption of an oil import fee would be poor public policy.</p></div>","PeriodicalId":101080,"journal":{"name":"Resources and Energy","volume":"11 3","pages":"Pages 215-239"},"PeriodicalIF":0.0,"publicationDate":"1990-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0165-0572(90)90032-E","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91994279","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Changing patterns of investment decision making in world aluminum 世界铝业投资决策模式的变化
Resources and Energy Pub Date : 1990-03-01 Epub Date: 2002-04-04 DOI: 10.1016/0165-0572(90)90034-G
Richard T. Newcomb, Stanley S. Reynolds, Thomas A. Masbruch
{"title":"Changing patterns of investment decision making in world aluminum","authors":"Richard T. Newcomb,&nbsp;Stanley S. Reynolds,&nbsp;Thomas A. Masbruch","doi":"10.1016/0165-0572(90)90034-G","DOIUrl":"10.1016/0165-0572(90)90034-G","url":null,"abstract":"<div><p>A dynamic rational expectations model of production and investment under uncertainty reveals that conventional analysis of aluminum industry patterns of trade and investment may be based on industrial policy rather than competitive comparative advantages. When applied in a two-region model using data from 1952 to 1980, and projected forward from 1980 to 2000, new capacity investment occurs in North America, which exports the excess over domestic consumption to Europe. This result differs markedly from conventional forecasts which have predicted declines in North American investment. A five-region static model confirms that North American comparative advantages, largely Canadian, exist under free trade conditions, and capacities grow with demands in Latin America and the Pacific Basin, while Europe loses market share. This indicates that barriers to the free trade of product and subsidies may be distorting investment patterns, incorrectly implying that patterns in world aluminum investment will abandon developed areas, especially North America, for developing regions.</p></div>","PeriodicalId":101080,"journal":{"name":"Resources and Energy","volume":"11 3","pages":"Pages 261-297"},"PeriodicalIF":0.0,"publicationDate":"1990-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0165-0572(90)90034-G","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74969977","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 8
Optimal policies for protecting the quality of groundwater 保护地下水水质的最佳政策
Resources and Energy Pub Date : 1990-03-01 Epub Date: 2002-04-04 DOI: 10.1016/0165-0572(90)90005-4
Wen-Yuan Huang, Noel D. Uri
{"title":"Optimal policies for protecting the quality of groundwater","authors":"Wen-Yuan Huang,&nbsp;Noel D. Uri","doi":"10.1016/0165-0572(90)90005-4","DOIUrl":"10.1016/0165-0572(90)90005-4","url":null,"abstract":"<div><p>This paper provides an analytical framework for use by a regional authority when assessing the potential impacts of a policy initiative directed at improving groundwater quality. In particular, a policy model is developed relying on three decision components (a farm level production decision model, a household decision model and a regional policy decision model) where the objective is that of identifying the trade-offs that a regional authority will be confronted with as it strives to balance the preferences of farmers and households while endeavoring to maximize net economic welfare. The basic rule developed indicates that the regional authority must choose a policy such that any increase (decrease) in regional income is just equal to the decrease (increase) in net benefits to households.</p></div>","PeriodicalId":101080,"journal":{"name":"Resources and Energy","volume":"11 4","pages":"Pages 371-394"},"PeriodicalIF":0.0,"publicationDate":"1990-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0165-0572(90)90005-4","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89183347","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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