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Look Inside Natural Resource Economics

Natural Resource Economics

$91.99 (C)

  • Date Published: April 1990
  • availability: Available
  • format: Paperback
  • isbn: 9780521311748

$ 91.99 (C)
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  • The events of our time reveal a world where people are more able than ever before to exploit their environment. There are questions about when and how to use resources and about the ability of current institutions to make the appropriate decisions concerning their allocation. Natural Resource Economics explores the positive contribution that economics can make to resolving issues of all kinds: the atmosphere, the land and water, and wild animals and plants. This book establishes a concert framework for thinking about resource allocation that borrows from the familiar microeconomic theory of the firm by elaborating the concept of capital asset management and extends these concepts to deal with the problems of resource utilization. In addition, the idea of market failures is used to justify the assertion that collective action is needed to achieve a more economical allocation of resources when ordinary markets are conspicuously inefficient. The book serves the student who wants to learn how to solve natural resource problems as opposite to merely read about them. By working with this volume the reader acquires a tool kit to formulate and solve intertemporal allocation problems. The first section offers an introduction to the main topics and introduces basic ideas to the general reader. The remaining three sections build on university and college lavel micro-economics and on the first university course in mathematics. The use of mathematics is motivated by the pressing need to confront problems that are difficult to solve with less powerful tools. Mathematical appendixes are provided to refresh the reader.

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    Product details

    • Date Published: April 1990
    • format: Paperback
    • isbn: 9780521311748
    • length: 372 pages
    • dimensions: 229 x 152 x 21 mm
    • weight: 0.55kg
    • availability: Available
  • Table of Contents

    Preface
    Introduction
    Part I. Elements of Resource Economics:
    1. The fishery
    2. The forest
    3. The environment
    4. The mine
    Part II. Intertemporal Resource Management:
    5. Firms, flows, and assets
    6. Technologies, costs, and static optimization
    7. A resource film
    8. Supply and demand
    9. Resource pricing
    Part III. Renewable Resources:
    10. A schooling fishery
    11. Search fisheries
    12. Production externalities
    13. Amenity values
    14. Aquifers and other common pools
    Part IV. Exhaustible Resources:
    15. Costless production
    16. Exogenous
    17. Variable extraction costs
    18. Stock effects
    19. Taxation
    20. Examples
    Epilogue: controlling to commons
    Bibliography
    Index.

  • Author

    Philip A. Neher

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