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One can think of a two-way classification of natural resources, based on (1) physical properties of the resource and (2) the time scale of the relevant adjustment processes.
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Key Phrases - Statistically Improbable Phrases (SIPs):
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competitive price path, monopsony wedge, single strategic agent, exhaustible resource supply, final opportunity cost, new convergent trajectory, optimal depletion policy, purposeful hedging, mineral resource stocks, uranium endowment, depletable resource theory, initial opportunity cost, pure monopsonist, potential supply curve, choke price, imperfection function, backstop price, individual expenditure shares, deposit tonnage, ith deposit, oil market behavior, dominant importer, cost estimation system, cumulative cost functions, quantity trajectories
Key Phrases - Capitalized Phrases (CAPs):
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American Economic Review, Journal of Political Economy, New York, Review of Economic Studies, The Bell Journal of Economics, Johns Hopkins University Press, Department of Energy, Journal of Economic Theory, United States, Saudi Arabia, Stanford University, Instruments Misc, Metals Nonelec, Motor Vehicles Other Trans, Plastic Leather Glass, Primary Metals Fab, Transportation Communication Elec, Utilities Gas Utilities Trade Finance, Cambridge University Press, Journal of Econometrics, Other Services Gov, Percentage Change Fig, Bureau of Mines, Canadian Journal of Economics, Charles River Associates
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