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Author: Anthony C. Fisher Publisher: Springer Nature ISBN: 3030489582 Category : Business & Economics Languages : en Pages : 158
Book Description
This book, based on lectures on natural and environmental resource economics, offers a nontechnical exposition of the modern theory of sustainability in the presence of resource scarcity. It applies an alternative take on environmental economics, focusing on the economics of the natural environment, including development, computation, and potential empirical importance of the concept of option value, as opposed to the standard treatment of the economics of pollution control. The approach throughout is primarily conceptual and theoretical, though empirical estimation and results are sometimes noted. Mathematics, ranging from elementary calculus to more formal dynamic optimization, is used, especially in the early chapters on the optimal management of exhaustible and renewable resources, but results are always given an economic interpretation. Diagrams and numerical examples are also used extensively. The first chapter introduces the classical economists as the first resource economists, in their discussion of the implications of a limited natural resource base (agricultural land) for the evolution of the wider economy. A later chapter returns to the same concerns, along with others stimulated by the energy and environmental “crises” of the 1970s and beyond. One section considers alternative measures of resource scarcity and empirical findings on their behavior over time. Another introduces the modern concept of sustainability with an intuitive development of the analytics. A chapter on the dynamics of environmental management motivates the concept of option value, shows how to compute it, then demonstrates its importance in an illustrative empirical example. The closing chapter, on climate change, first projects future changes and potential catastrophic impacts, then discusses the policy relevance of both option value and discounting for the very long run. This book is intended for resource and environmental economists and can be read by interested graduate and advanced undergraduate students in the field as well.
Author: S. V. Ciriacy-Wantrup Publisher: Routledge ISBN: 0429717776 Category : Business & Economics Languages : en Pages : 299
Book Description
This volume was assembled by two of Dr. Wantrup's students as a complement to his textbook, Resource Conservation: Economics and Policies. Wantrup's ideas on conservation economics continued to evolve in ways that were never fully reflected in that text, and although for the student of natural resource economics it is still essential reading, to st
Author: Fouad Sabry Publisher: One Billion Knowledgeable ISBN: Category : Business & Economics Languages : en Pages : 320
Book Description
What is Natural Resource Economics Natural resource economics is concerned with the supply and demand of the natural resources that are found on Earth, as well as their distribution. In the field of natural resource economics, one of the primary goals is to gain a deeper comprehension of the function that natural resources play in the economy. This is done with the intention of devising more sustainable approaches to the management of these resources, which will ensure that they are accessible to future generations. Resource economists are concerned with the study of the interactions that occur between economic and natural systems, with the intention of creating an economy that is both sustainable and efficient. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Natural resource economics Chapter 2: Metal Chapter 3: Metallurgy Chapter 4: Mining Chapter 5: Cast iron Chapter 6: Cupronickel Chapter 7: Group 7 element Chapter 8: Scrap Chapter 9: Ferroalloy Chapter 10: Mining in Japan Chapter 11: Resource Chapter 12: Deep sea mining Chapter 13: Peak copper Chapter 14: Mineral industry of Kazakhstan Chapter 15: Mining industry of Russia Chapter 16: Natural resources of India Chapter 17: Ferromanganese nodules Chapter 18: Cobalt Chapter 19: Peak minerals Chapter 20: Mining in North Korea Chapter 21: Critical Raw Materials Act (II) Answering the public top questions about natural resource economics. (III) Real world examples for the usage of natural resource economics in many fields. (IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of natural resource economics. (eBook only). Who will benefit Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of natural resource economics.
Author: Kentaka Aruga Publisher: Springer Nature ISBN: 3030950778 Category : Business & Economics Languages : en Pages : 201
Book Description
This textbook discusses environmental and natural resource economics. It presents foundational knowledge for applying economics to understand environmental economics as well as for managing environmental problems and optimizing the level of natural resource extraction. Environmental and Natural Resource Economics bridges knowledge between the major natural environmental issues and which economic policies could be applied for reducing human impacts on such issues. It is distinctive from other environmental economics textbooks by covering not only basic concepts introduced in environmental economics but also explains economic models developed in resource economics for optimizing the use of non-renewable and renewable resources for sustainability. This textbook will help students understand how to apply economics for utilizing policies to mitigate environmental issues caused from the output side of economic activities such as emitting pollutants or generating wastes and those derived from the input side such as natural resource extractions.
Author: M.G. Chandrakanth Publisher: Springer ISBN: 8132224795 Category : Business & Economics Languages : en Pages : 212
Book Description
This book uses resource economics costing approaches incorporating externalities to estimate the returns for the country’s irrigation and demonstrates how underestimating the cost of water leads farmers to overestimate profits. The importance of the subject can be judged in light of the fact that India is the largest user of groundwater both for irrigation and for drinking purposes, pumping twice as much as the United States and six times as much as Europe. Despite water’s vital role in ensuring economic security for the nation and farmers alike by supporting more than 70% of food production, water resource economists are yet to impress upon farmers and policymakers the true value of water and the urgent need for its sustainable extraction, recharge and use. In an endeavor to promote more awareness, the book further delineates the roles of the demand side and supply side in the economics of irrigation, and explains how the cost of water varies with the efforts to recharge it, crop patterns, degrees of initial and premature well failure and degrees of externalities. It also discusses the importance of micro-irrigation in the economics of saving water for irrigation, estimating the marginal productivity of water and how it improves with drip irrigation, the economics of water sharing and water markets, optimal control theory in sustainable extraction of water, payment of ecosystem services for water and how India can effectively recover. In closing, the book highlights the role of socioeconomic and hydrogeological factors in the economics of irrigation, which vary considerably across hard rock areas and the resulting limitations on generalizing.
Author: Ronald C. Griffin Publisher: MIT Press ISBN: 0262334038 Category : Business & Economics Languages : en Pages : 497
Book Description
Updated edition of a comprehensive introduction to the economics of water management, with self-contained treatment of all necessary economic concepts. Economics brings powerful insights to water management, but most water professionals receive limited training in it. The second edition of this text offers a comprehensive development of water resource economics that is accessible to engineers and natural scientists as well as to economists. The goal is to build a practical platform for understanding and performing economic analysis using both theoretical and empirical tools. Familiarity with microeconomics or natural resource economics is helpful, but all the economics needed is presented and developed progressively in the text. The book focuses on the scarcity of water quantity (rather than on water quality). The author presents the economic theory of resource allocation, recognizing the peculiarities imposed by water, and then goes on to treat a range of subjects including conservation, groundwater depletion, water law, policy analysis, cost–benefit analysis, water marketing, privatization, and demand and supply estimation. Added features of this updated edition include a new chapter on water scarcity risk (with climate change and necessary risk tools introduced progressively) and new risk-attentive material elsewhere in the text; sharper treatment of block rates and pricing doctrine; expanded attention to contemporary literature and issues; and new appendixes on input–output analysis, water footprinting and virtual water, and cost allocation. Each chapter ends with a summary and exercises.
Author: Harry de Gorter Publisher: Springer Nature ISBN: 303077760X Category : Business & Economics Languages : en Pages : 519
Book Description
This volume celebrates the life and career of Gordon Rausser, pioneer and leader in natural resource economics, while critically overviewing the emerging literature in the field. As the chair of the Agriculture and Resource Economics department at UC Berkeley, Rausser led the transformation of the department from a traditional agricultural economics department to a diverse resource economics department addressing issues of agriculture, food, natural resources, environmental economics, energy, and development. This book builds on this theme, showcasing not only the scope of Rausser's work but also key developments in the field. The volume is organized into two parts. The first part speaks about the lessons of Gordon Rausser's career, in particular, his role as a leader in different spheres, his capacity to integrate teaching and entrepreneurship, and his impact on the world food system. The second part will address some of the significant developments in the field he contributed to and how it relates to his work. The chapters include contributions from modern leaders in the economics field and cover diverse topics from many subfields including public policy, public finance, law, econometrics, macroeconomics, and water resources. Providing an excellent reference, as well as a celebration of a pivotal figure in the field, this volume will be useful for practitioners and scholars in agricultural and resource economics, especially the many individuals familiar with Gordon Rausser and his career.
Author: Anthony C. Fisher Publisher: Springer Nature ISBN: 3030489582 Category : Business & Economics Languages : en Pages : 158
Book Description
This book, based on lectures on natural and environmental resource economics, offers a nontechnical exposition of the modern theory of sustainability in the presence of resource scarcity. It applies an alternative take on environmental economics, focusing on the economics of the natural environment, including development, computation, and potential empirical importance of the concept of option value, as opposed to the standard treatment of the economics of pollution control. The approach throughout is primarily conceptual and theoretical, though empirical estimation and results are sometimes noted. Mathematics, ranging from elementary calculus to more formal dynamic optimization, is used, especially in the early chapters on the optimal management of exhaustible and renewable resources, but results are always given an economic interpretation. Diagrams and numerical examples are also used extensively. The first chapter introduces the classical economists as the first resource economists, in their discussion of the implications of a limited natural resource base (agricultural land) for the evolution of the wider economy. A later chapter returns to the same concerns, along with others stimulated by the energy and environmental “crises” of the 1970s and beyond. One section considers alternative measures of resource scarcity and empirical findings on their behavior over time. Another introduces the modern concept of sustainability with an intuitive development of the analytics. A chapter on the dynamics of environmental management motivates the concept of option value, shows how to compute it, then demonstrates its importance in an illustrative empirical example. The closing chapter, on climate change, first projects future changes and potential catastrophic impacts, then discusses the policy relevance of both option value and discounting for the very long run. This book is intended for resource and environmental economists and can be read by interested graduate and advanced undergraduate students in the field as well.
Author: Anastasios Xepapadeas Publisher: World Scientific ISBN: 9811262225 Category : Business & Economics Languages : en Pages : 270
Book Description
The most interesting issues in environmental and resource economics have an explicit temporal dimension, since variables of interest such as pollutants, greenhouse gases, biomass of biological resources, or the stocks of fossil fuels accumulate in the ambient environment or are depleted through human actions and natural processes.The purpose of these lectures is to present the mathematical tools for analyzing environmental and resource management issues in a dynamic set-up.The lectures include a brief description of differential equations and then move on to describe methods of optimal control, dynamic programing, and differential games. The final chapters cover two novel topics: (1) environmental issues characterized by deep uncertainty, and aversion to ambiguity using robust control methods and formulations of precautionary policies; and (2) the study of pollution/resource management in space and time when the environmental variables evolve in time and diffuse in space.The lectures are a valuable tool for advanced graduate students in environmental and resource economics who are studying dynamic problems.
Author: Jon M. Conrad Publisher: Cambridge University Press ISBN: 1139489410 Category : Business & Economics Languages : en Pages : 300
Book Description
Resource Economics is a text for students with a background in calculus and intermediate microeconomics and a familiarity with the spreadsheet software Excel. The book covers basic concepts (Chapter 1), shows how to set up spreadsheets to solve simple dynamic allocation problems (Chapter 2), and presents economic models for fisheries, forestry, nonrenewable resources, and stock pollutants (Chapters 3–6). Chapter 7 examines the maximin utility criterion when the utility of a generation depends on consumption of a manufactured good, harvest from a renewable resource, and extraction from a nonrenewable resource. Within the text, numerical examples are posed and solved using Excel's Solver. Exercises are included at the end of each chapter. These problems help make concepts operational, develop economic intuition, and serve as a bridge to the study of real-world problems in resource management.
Author: Anthony C. Fisher
Author: S. V. Ciriacy-Wantrup
Author: Fouad Sabry
Author: Kentaka Aruga
Author: M.G. Chandrakanth
Author: Ronald C. Griffin
Author: Jonathan M. Harris
Author: Harry de Gorter
Author: Anthony C. Fisher
Author: Anastasios Xepapadeas
Author: Jon M. Conrad