Date of Award:

1984

Document Type:

Thesis

Degree Name:

Master of Science (MS)

Department:

Economics and Finance

Advisor/Chair:

E. Bruce Godfrey

Abstract

Energy analysts believe that traditional economics and energy markets undervalue the only absolutely limited resource, energy. They have produced methods to supplement or supercede economics.

However, theoretical underpinnings of these methods include an energy theory of value which is shown to be too narrow to support workable economic models or numeraires. Sample rankings of recreational values on four Utah reservoirs, using energy analysis and economic methods, show that the two methods yield opposite rankings.

Included in

Economics Commons

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