Resource and Environmental EconomicsCUP Archive, 1981 M11 30 - 304 pages This book presents the major themes of the economic literature on natural resources and the environment. It is designed to bring the reader, in part with the aid of a unified model of optimal resource use, to the frontiers of the discipline, using only elementary mathematical models. Features special to exhaustible and renewable resources, including the problems posed by market imperfections, are treated as extensions of the basic model. The theoretical discussion is enriched with examples and applications, including a systematic investigation of the behaviour of resource reserves, costs, prices, and substitution possibilities. Substantial attention to environmental, as well as extractive, resources is a distinctive aspect of this book. The author describes methods of estimating the environmental costs of resource development and other projects, and presents some key empirical findings. Policy instruments to protect the environment, such as taxes, subsidies, marketable permits, and direct controls, are carefully analysed from a welfare-theoretic point of view. |
Contents
page | 1 |
2223 | 34 |
the theory | 75 |
are resources limits | 90 |
2 | 95 |
4 | 102 |
6 | 108 |
9 | 116 |
Natural resources and natural | 127 |
Environmental pollution | 164 |
the value of an environmental | 220 |
the role | 233 |
References | 241 |
277 | |
283 | |
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Common terms and phrases
air pollution allocation alternative analysis approach assumed behavior benefits cartel Chapter coal Coase theorem common-property competitive considered constraint consumer consumer surplus consumption control costs curve decision demand deposits direct controls discount rate discussion econometric economists effects efficiency elasticity emissions energy Environmental Economics equation equilibrium estimated example exhaustible resources exploration externality extraction cost Figure firm Fisher function further future price growth Hell's Canyon increase indifference curve industry input investment Johns Hopkins Press Journal of Economics Kneese Krutilla limits to growth marginal cost marginal damage market failures maximize mineral natural environment Nordhaus numeraire OPEC optimal depletion output period Pindyck pollution control present value problem production property values question recreation reduce renewable resources resource stock rise risk royalty Sā scarcity shadow price social discount rate sources statistical studies subsidy substitution suggested technical change theoretical theory tion uncertainty United yield
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