Analysis of market equilibrium in economics of natural resources
1999
Tvrdon, J. (Ceska Zemedelska Univ., Prague-Suchdol (Czech Republic). Provozne Ekonomicka Fakulta)
The article deals with forming of market equilibrium in the framework of natural resource economics which is influenced by absence of some market characteristics, especially equilibrium prices, and by impossibility of explanation of the demand-supply relationship by means of the cobweb theorem. However, on the base of pollution market and water market it is clear that many of the problems of environmental economics can be analyzed, even though not entirely, on the base of the partially adjusted classical model of market relations.
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