Concepts and measures of natural resource scarcity with a summary of recent trends |
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| Authors: | Darwin C Hall Jane V Hall |
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| Institution: | Department of Economics, University of California, Riverside, California 92521, USA;Department of Economics, California State University, Fullerton, California 92634, USA |
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| Abstract: | A general model of resource scarcity is presented from which previous models can be derived as special cases. Previous models of scarcity are compared and contrasted, refining the concept of scarcity and leading to a resolution of current disputes over the appropriate measure of scarcity. An update of the original work done by Barnett and Morse is summarized, leading to reconsideration of their original conclusions. It is found that energy and forest products experienced increasing scarcity during the 1970s. |
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