TY - JOUR
T1 - An ABC of nonrenewable–renewable resource interactions
T2 - Antibiotics, biofuels, carbon decay, expropriation, forestry, …
AU - Lasserre, J.B.
AU - Smulders, Sjak A.
N1 - Special section - Essays on resource economics in honor of Gerard Gaudet
PY - 2013
Y1 - 2013
N2 - When there is a larger scope for replacing non-renewable resource use by renewable resources, resource depletion can be more easily avoided. However institutional failures may prevent this advantage to materialize. We offer a unified framework showing how this insight applies to the following highly different situations analyzed in six different papers. First, a more parsimonious use of Antibiotics may reduce the decay of antibiotic efficacy. Second, biofuels introduced in energy supply allow for reduced energy prices and fossil depletion. Third, when a larger fraction of carbon decays, a larger part of fossil reserves can be exploited. Fourth, limiting disruption of the climate enhances carbon decay. Fifth, expropriation of harvest slows down depletion, while free access to a resource accelerates it. Sixth, forest cover depletion is slowed down when trees grow faster.
AB - When there is a larger scope for replacing non-renewable resource use by renewable resources, resource depletion can be more easily avoided. However institutional failures may prevent this advantage to materialize. We offer a unified framework showing how this insight applies to the following highly different situations analyzed in six different papers. First, a more parsimonious use of Antibiotics may reduce the decay of antibiotic efficacy. Second, biofuels introduced in energy supply allow for reduced energy prices and fossil depletion. Third, when a larger fraction of carbon decays, a larger part of fossil reserves can be exploited. Fourth, limiting disruption of the climate enhances carbon decay. Fifth, expropriation of harvest slows down depletion, while free access to a resource accelerates it. Sixth, forest cover depletion is slowed down when trees grow faster.
M3 - Article
SN - 0928-7655
VL - 35
SP - 558
EP - 571
JO - Resource and Energy Economics
JF - Resource and Energy Economics
IS - 4
ER -