Towards a theoretical basis for energy economics
By: by Robert W. Grubbström
Contributors: Naval Postgraduate School (U.S.)
Publisher: Naval Postgraduate School
Published: 1980
Place of publication: Monterey, Calif
Language: eng
Number of pages: 293
Subjects: Microeconomics; Thermodynamics; Power resources
Description: Energy, as such, is no scarce resource since energy is indestructable. Therefore there is no real consumption nor any real production of energy but, instead, processes converting energy from one quality into another quality. In this report are formulated a number of models for studying energy as a scarce resource from the point of view of the second law of thermodynamics and for attaching an economic value (a price) to energy in different qualities. It is shown that energy (potential amount of work extractable from a system of sources) acts both as a physical and as an economic norm. (Author)
Notes: Title from cover.

"Prepared for: Naval Postgraduate School, Monterey, California 93940."

"August 1980."

"NPS-54-80-015."

Includes bibliographic references (leaves R1-R9).

"Approved for public release; distribution is unlimited."

Technical report; 1980.