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The Theory of Natural Resource Scarcity Indicators: Towards a Synthesis

Stern, David I


I review the literature on natural resource scarcity indicators further developing my previous work on this issue (Cleveland and Stern, 1993). Scarcity indicators can be classified by what is being measured eg. in situ value, commodity value etc. and by the mode of valuation considered: exchange value and use value. Prices and rents are common measures of exchange value or indicators of "exchange scarcity" and unit costs can be seen as use value indicators or indicators of "use scarcity". "Use...[Show more]

CollectionsANU Research Publications
Date published: 1996
Type: Working/Technical Paper


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