An ABC of nonrenewable–renewable resource interactions: Antibiotics,Biofuels, Carbon Decay,Expropriation, Forestry, … |
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| Institution: | 1. ESG, Université du Québec à Montréal, C.P. 8888, suc. Centre-Ville, Montréal, Qc H3C 3P8, Canada;2. CIREQ, Montréal, Canada;3. CIRANO, Montréal, Canada;1. TSC, Tilburg University, The Netherlands;2. CESifo, Germany;3. University of Calgary, Canada;1. Hyphen BioMed, Sysmex Group, Neuville sur Oise, France;2. International Consultancy in Blood Components Quality/Safety Improvement, Audit/Inspection and DDR Strategies, London, UK;1. Department of Law, Politics and Society, University of Palermo, Palermo, Italy;2. Department of Agricultural Economics, Purdue University, West Lafayette, IN 47907-2056, United States;3. Department of Economics, University of Miami, Miami, FL 33124, United States |
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| Abstract: | 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. |
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