Acknowledgements

Introduction

Paul Stevens

PART I WHY ENERGY MATTERS

`Oil and Economic Performance in Industrial Countries', Brookings Papers on Economic Activity, 2, 341--99

William D. Nordhaus

`Business Cycles and the Oil Market', Energy Journal, 15 (Special Issue), 15--38

Knut Anton Mork

`Framework for Analysing the Implications of the Rise in Oil Prices', in T.M. Rybczynski (ed.), The Economics of the Oil Crisis, Chapter 2, London: Macmillan Press Ltd, 12--24

W.M. Corden

`Natural Resources and the Macroeconomy: A Theoretical Framework', in J. Peter Neary and Sweder van Wijnbergen (eds), Natural Resources and the Macroeconomy, Chapter 1, Oxford: Basil Blackwell Ltd, 13--45

J. Peter Neary

Sweder van Wijnbergen

PART II DEMAND SIDE ISSUES

`Historical Relations Between Energy and Economic Growth', in Joy Dunkerley (ed.), International Energy Strategies, Proceedings of the 1979 IAEE/RFF Conference, Chapter 7, Cambridge, MA: Oelgeschlager, Gunn & Hain, Publishers, Inc., 55--70

Nathan Rosenberg

`Economic Growth and Energy Consumption in the UK, 1700--1975', Energy Policy, 7 (1), March, 29--42

William S. Humphrey

Joe Stanislaw

`Reassessing Energy Intensities: A Quest for New Realism', OPEC Review, XX (1), March, 47--86

Enrique Paga

Nadir Gurer

`The Economic Analysis of Energy Demand: Perspectives of a Practitioner', in David Hawdon (ed.), Energy Demand: Evidence and Expectations, Chapter 2, London: Surrey University Press and Academic Press Limited, 29--96

G.C. Watkins

`Energy Demand Analysis in Developing Countries: A REview', Energy Journal, 8 (Special LDC Issue), 1--33

Ramesh Bhatia

`Lifecycle Analysis of Gasoline Expenditure Paterns', Energy Economics, 16 (3), 217--28

Lorna A. Greening

Hann Tarn Jeng

`Economies of Scale in Energy Use in Adult-Only Households', Energy Economics, 17 (4), October, 301--10

D.S. Ironmonger

C.K. Aitken

B. Erbas

`Energy Policy, Merit Goods and Social Security', Fiscal Studies, 8 (3), August, 29--48

Andrew Dilnot

Dieter Helm

PART III CONSERVATION

Energy Conservation Policy in Developing Countries: The Case for Market Solutions, MIT-CEPR 91-007WP, Cambridge, MA: Center for Energy Policy Research and MIT, July, 1--34

R.W. Bates

`Discount Rates in Consumers' Energy-Related Decisions: A Review of the Literature', Energy, 10 (12), 1243--53

Kenneth Train

`Energy Conservation Investment: Do Consumers Discount the Future Correctly?', Energy Policy, 21 (6), June, 710--16

Kevin A. Hassett

Gilbert E. Metcalf

`Do Consumers Discount the Future Correctly? A Market-Based Valuation of Residential Fuel Switching', Energy Policy, 23 (1), January, 57--69

Shimon Awerbuch

William Deehan

`Barriers to Improvements in Energy Efficiency', Energy Policy, 19 (10), December, 953--61

Amulya K.N. Reddy

`Vehicle Use and Fuel Economy: How Big is the ``Rebound'' Effect?', Energy Journal, 13 (1), 117--43

David L. Greene

PART IV MODELLING

`The Allocation of Energy Resources', Brookings Papers on Economic Activity, 3, 529--76

William D. Nordhaus

`Applied General Equilibrium Models for Energy Studies: A Survey', Energy Economics, 18, 145--64

Subhes C. Bhattacharyya

`Models of the Oil Market Revisited', Journal of Energy Literature, I (1), Summer, 3--21

Djavad Salehi-Isfahani

Name Index

Acknowledgements

PART I SUPPLY SIDE ISSUES

`The Economics of Exhaustible Resources', Journal of Political Economy, 39 (2), April, 137--75

Harold Hotelling

`A Reinterpretation of the Pure Theory of Exhaustion', Journal of Political Economy, 75, 274--86

Richard L. Gordon

`Mineral Depletion, with Special Reference to Petroleum', Review of Economics and Statistics, LXXII (1), February, 1--10

M.A. Adelman

`Energy Exhaustion, Environmentalism, and Etatism', Energy Journal, 15 (1), 1--16

Richard L. Gordon

`Reserve Asset Values and the Hotelling Valuation Principle: Further Evidence', Southern Economic Journal, 61 (3), January, 664--73

M.A. Adelman

G.C. Watkins

`Energy Resources - Cornucopia or Empty Barrel?', AAPG Bulletin, 82 (11), November, 2110--34

Peter J. McCabe

`Uncertainty, Risk Aversion and the Taxing of Natural Resource Projects', Economic Journal, 85 (338), June, 272--87

Ross Garnaut

Anthony Clunies Ross

`Mineral Taxation Policies in Developing Countries: An Application of Resource Rent Tax', IMF Staff Papers, 27 (3), September, 517--42

Keith F. Palmer

`Risk-Bearing and the Choice of Contract Forms for Oil Exploration and Development', Energy Journal, 5 (1), January, 1--28

Charles R. Blitzer

Donald R. Lessard

James L. Paddock

`Oil Tanker Markets: Continuity Amidst Change', in Richard L. Gordon, Henry D. Jacoby and Martin B. Zimmerman (eds), Energy - Markets and Regulation: Essays in Honor of M.A. Adelman, Chapter 10, Cambridge, MA: MIT Press, 235--57 and references

Zenon S. Zannetos

PART II MARKETS - THE PLAYERS

`Profit Sharing Between Producing Countries and Oil Companies in the Middle East', Economic Journal, LXIX, June, 238--54

Edith Tilton Penrose

`Vertical Integration with Joint Control of Raw-Material Production: Crude Oil in the Middle East', in the Growth of Firms, Middle East Oil and Other Essays, Chapter XI, London: Frank Cass & Co. Ltd, 200--216

Edith T. Penrose

`A Ten-Year Retrospective: OPEC and the World Oil Market', Journal of Economic Literature, XXII (3), September, 1100--14

Dermot Gately

`Shoulder against Shoulder: The Evolution of Oil Industry Strategy', Journal of Energy and Development, 19 (1), 15--56

Michael C. Lynch

PART III MARKETS - PRICES

`Scarcity and World Oil Prices', Review of Economics and Statistics, LXVIII (3), August, 387--97

M.A. Adelman

OPEC and the Price of Oil, Oxford: Oxford Institute for Energy Studies, 2--23

Robert Mabro

`The Determination of Oil Prices 1945--95', Energy Policy, 23 (10), October, 861--70

Paul Stevens

`Anatomy of an Oil Crisis', Zeitschrift fur Energiewirtschaft, 2, June, 87--95

John Mitchell

`Oil Price Forecasting in the 1980s: What Went Wrong?', Energy Journal, 15 (2), 1--22

Hillard G. Huntington

`An Integrated Framework for Energy Pricing in Developing Countries', Energy Journal, 1 (3), 1--30

Mohan Munasinghe

PART IV MARKETS VERSUS GOVERNMENTS

`Energy Policy and the Role of the State in the Market for Energy', Fiscal Studies, 9 (1), February, 41--61

Dieter Helm

John Kay

David Thompson

`The Case for an Energy Policy', in Energy Policy: Errors, Illusions and Market Realities, IEA Occasional Paper No. 90, London: Institute of Economic Affairs, 50--62

Colin Robinson

`The Restructuring of UK Energy Industries: What Have We Learned?', in G. MacKerron and P. Pearson (eds), The UK Energy Experience: A Model or a Warning?, London: Imperial College Press, 1--30

David M. Newbery

PART V DEVELOPING COUNTRIES

`Integrated Energy Forecasting and Policy in LDCs: Problems and Prospects', Pacific and Asian Journal of Energy, 1 (1), January, 33--43

P.J.G. Pearson

P.J. Stevens

`Rural Electrification in Developing Countries: A Reappraisal', Energy Policy, 15 (4), August, 329--38

David Pearce

Michael Webb

`The Economics of Rural Electrification Projects', Energy Economics, January, 3--17

Mohan Munasinghe

`Biomass Energy', Energy Policy, 19 (8), October, 711--37

D.O. Hall

Name Index