Markets for natural resource futures contracts and cash forward contracts experience a rapid growth. According to theory, this should result in more efficient resource depletion, implying that price formation is more consistent with Hotelling's rule. The rationale of this stabilizationeffect is...

The book offers practical and theoretical insights in regional externalities. Regional externalities are a specific subset of externalities that can be defined as externalities where space plays a dominant role. This class of externalities can be divided into three categories: (1) externalities...

This study investigates migration flows between urban and rural areas in Russia from 2011 to 2020 and explores potential drivers using a combination of Markov chain and spatial interaction modelling approaches. The findings indicate a high likelihood of rural-to-urban migration, leading to...

Students in Technical and Agricultural faculties spend only a limited amount of time on general economics, environmental economics and resource economics. However, while their knowledge of economics may be limited, they often have adequate mathematical skills. The objective of The Economic...

Introduction -- Notes on Some Theories of Giffen Behaviour -- Exact and Useful Optimization Methods for Microeconomics -- On the Definitions of Giffen and Inferior Goods -- Giffen Behaviour and Strong Assymetric Gross Substituability -- A Child Garden of Concrete Giffen Utility Functions: a...