The crucial role of energy as an input in the production process has engaged the serious attention of energy planners and researchers in recent years. This was especially true after the OPEC oil embargo of 1973 and the natural gas shortages in the winter of 1976-1977. The prospect of similar...

Classic Papers in Natural Resource Economics brings together a choice selection of some of the most enduring academic writing published in this field in a single volume. The fourteen papers included in this book are grouped into five sections: the intertemporal problem; externalities and market...