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Use value, exchange value, and resource scarcity,

Stern, David


I review the literature on natural resource scarcity indicators. Scarcity indicators can be classified by what is being measured: value of the resource stock or value of extracted resource commodities; who's value is considered: social vs. private scarcity; 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...[Show more]

CollectionsANU Research Publications
Date published: 1999
Type: Journal article
Source: Energy Policy
DOI: 10.1016/S0301-4215(99)00043-9


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