Abstract

From analyzing the physical constraints in managing exhaustible and nonrenewable energy resources it follows that decisions concerning how far to convert a given energy resource should be made within an economic framework. The tradeoffs between conversion stages, environmental effects, technical efficiency and uses satisfied by energy resources are then determined. In light of the direct and opportunity costs stemming from increased conversion stages, the intertemporal allocative decisions for exhaustible and nonrenewable energy resources are derived.

Meeting Name

3rd Annual UMR-MEC Conference on Energy (1976: Oct. 12-14, Rolla, MO)

Document Type

Article - Conference proceedings

Session

Wind and Solar Energy I

Document Version

Final Version

File Type

text

Language(s)

English

Rights

© 1977 University of Missouri--Rolla, All rights reserved.

Publication Date

12 Oct 1976

Share

 
COinS