Energy in the unit cost index to measure scarcity
We show that the unit cost index concept, when generalized to include energy as an input, has a sound theoretical basis for industries other than non-renewable resource industries. Average cost trends reflect increasing scarcity of non-renewable energy inputs. We present a numerical example of the computation of a generalized unit cost index, which requires construction of a measure of capital and involves prior computations of embedded and direct energy in commodities. We briefly discuss weaknesses and issues relevant to the use of the unit cost index as an indicator of increasing scarcity.
Year of publication: |
1988
|
---|---|
Authors: | Hall, Darwin C. ; Hall, Jane V. ; Kolk, David X. |
Published in: |
Energy. - Elsevier, ISSN 0360-5442. - Vol. 13.1988, 3, p. 281-286
|
Publisher: |
Elsevier |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Concepts and measures of natural resource scarcity with a summary of recent trends
Hall, Darwin C., (1984)
-
Concepts and measures of natural resource scarcity with a summary of recent trends
Hall, Darwin C., (1984)
-
Contingent valuation of marine protected areas : Southern California rocky intertidal ecosystems
Hall, Darwin C., (2002)
- More ...