Description
Book SynopsisNatural Resource Economics: The Essentials offers a policy-oriented approach to the increasingly influential field of natural resource economics that is based upon a solid foundation of economic theory and empirical research. Students will not only leave the course with a firm understanding of natural resource economics, but they will also be exposed to a number of case studies showing how underlying economic principles provide the basis for specific natural resource policies. Including current data and research studies, this key text also highlights what insights can be derived from the actual experience.
Key features include:
- Extensive coverage of the major issues including energy, recyclable resources, water policy, land conservation and management, forests, fisheries, other ecosystems, and sustainable development;
- Introductions to the theory and method of natural resource economics including externalities, experimental and b
Table of Contents
Preface. An Overview of the Book. 1. Visions of the Future. 2. The Economic Approach: Property Rights, Externalities, and Environmental Problems. 3. Evaluating Trade-Offs: Benefit-Cost Analysis and Other Decision-Making Metrics. 4. Valuing the Environment: Methods. 5. Dynamic Efficiency and Sustainable Development. 6. Depletable Resource Allocation: The Role of Longer Time Horizons, Substitutes, and Extraction Cost. 7. Energy: The Transition from Depletable to Renewable Resources. 8. Recyclable Resources: Minerals, Paper, Bottles, and E-Waste. 9. Water: A Confluence of Renewable and Depletable Resources. 10. A Locationally Fixed, Multipurpose Resource: Land. 11. Storable, Renewable Resources: Forests. 12. Common-Pool Resources: Commercially Valuable Fisheries. 13. Ecosystem Goods and Services: Nature’s Threatened Bounty. 14. The Quest for Sustainable Development. 15. Visions of the Future Revisited. Answers to Self-Test Exercises. Glossary. Index
