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2019 | OriginalPaper | Chapter

7. Economics of Non-renewable Energy Supply

Author : Subhes C. Bhattacharyya

Published in: Energy Economics

Publisher: Springer London

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Abstract

This chapter provides an introduction to the economic concepts related to fossil fuel supply. The chapter presents a typical chain of activities in the fossil fuel supply, namely exploration, development and production and discusses the relevant economic decision-making issues for each activity. It also considers the influence of government intervention on the investment decisions through fiscal instruments.

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Appendix
Available only for authorised users
Footnotes
2
This model is widely used in the business literature to analyse the relations between the host state and the multi-national companies. See for example, Eden and Molot (2002) and Ramamurti (2001) for further details.
 
3
See IEA (2013) for further details.
 
4
See WEC (2016a, b) for further discussions.
 
5
There is a well-developed literature on fiscal systems for energy and mining activities. See for example, Nakhle (2008), Tordo (2007), Otto et al. (2006) and Johnston (1998). Nakhle (2009) provides a succinct review.
 
6
This is based on Hannesson (1998).
 
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Metadata
Title
Economics of Non-renewable Energy Supply
Author
Subhes C. Bhattacharyya
Copyright Year
2019
Publisher
Springer London
DOI
https://doi.org/10.1007/978-1-4471-7468-4_7

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