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This study, first published in 1979, continues by examining the question of whether a competitive economy can efficiently allocate a stock of non-renewable natural resources through time. Long-run analyses of competitive economies with such resources have concluded that, without perfect foresight or a complete set of future markets extending infinitely far into the future, there is no economic mechanism to guarantee that the initial price is set so that the economy converges to the socially desirable path of balanced growth. This title will be of interest to students of environmental and natural resource economics.
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"The book "Innovation Energy: Trends and Perspectives or Challenges of Energy Innovation" is a source of information for researchers and experts mainly, as well as any party interested of gaining knowledge in this field. The volume brings a new and updated perspective on the current innovations in the energy field regarding technological and strategic approaches. The book is a result of the Second Open Meeting of the Balkan UNESCO Chairs 2017, organised by the UNESCO Chair for Business Administration (Chaire UNESCO pour la formation et la recherche appliquée au développement de l'entreprise dans les pays en conversion économique) within the Faculty of Business Administration, the Bucharest University of Economic Studies and Romania in partnership with the Romanian National Commission for UNESCO (CNR UNESCO). This event brought together the Balkan UNESCO Chairs on the topic of topic of "Education for Entrepreneurship, Innovation and Sustainability in the Knowledge Economy" on the 26-27th October 2017 at the Bucharest University of Economic Studies. The book comprises the research of experts and scholars in the field of energy and business from various countries, especially from Europe. The research areas covered by the chapters include topics referring to: the developments of the innovative process in the electrical energy field in Romania, initiatives for promoting new investments in the energy sector, new sources of energy for diminishing hazardous waste, infrastructure protection as a security factor, promoting electricity from renewable energy sources, floating wind turbines, multipurpose hydropower projects under climate change, innovations in landscape of nuclear power, innovations in energy trading, energy policy, patents and its application process in the energy field. This book seeks to bridge an important research gap by questioning and studying the progress of different types of innovations in the energy field and their impact on developing and advanced economies globally. It aims to explore and present trends, dynamics and implications of the innovations and progress in energy technologies and sustainable business, economic and political strategies and the most recent developments in the green energy field. Furthermore, it explores opportunities and threats in the way of innovative challenges in these economies through a wealth of insights by researchers in the field with the objective of emphasizing possible strategies to global sustainability"--
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This 2-volumes set contains selected and peer-review papers in the subject areas of engineering thermo physics, applied thermal engineering, power machinery and engineering, fluid engineering and machinery, HVAC, air conditioning and refrigeration, power system and automation, high voltage and insulation technology, motor and electrical, electrical engineering principles and applications, power electronics and power drives, smart grid technologies, power system management. Review from Book News Inc.: Selected by peer review for the conference, some 350 papers cover engineering thermophysics; a
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