The Economics of Exploration for Non-renewable Resources

Robert Cairns

Journal of Economic Surveys, 1990, vol. 4, issue 4, 361-95

Abstract: The literature on exploration for non-renewable resources is surveyed. Following a brief synopsis in section 2, section 3 focuses on issues related to the world market for resources. Section 4 considers more microeconomic supply-related issues linked to the exploration of the small region or play. Section 5 turns to the small but growing literature on explorations as a learning process related to R&D. The latter sections pay particular attention to empirical and policy aspects. Copyright 1990 by Blackwell Publishers Ltd

Date: 1990
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