Resource economics

Author(s)

Bibliographic Information

Resource economics

Jon M. Conrad

Cambridge University Press, 2010

2nd ed

  • : hardback
  • : pbk

Available at  / 46 libraries

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Note

Previous ed.: 1999

Includes bibliographical references (p. 263-281) and index

Description and Table of Contents

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.

Table of Contents

  • 1. Basic concepts
  • 2. Solving numerical allocation problems using Excel's Solver
  • 3. The economics of fisheries
  • 4. The economics of forestry
  • 5. The economics of nonrenewable resources
  • 6. Stock pollutants
  • 7. Maximin utility with renewable and nonrenewable resources.

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