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  3. Natural Resource Economics
  • Cited by 179
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    • Publisher:
      Cambridge University Press
      Publication date:
      05 June 2012
      27 November 1987
      ISBN:
      9781139173575
      9780521331883
      9780521337694
      DOI:
      https://doi.org/10.1017/CBO9781139173575
      Dimensions:
      (234 x 158 mm)
      Weight & Pages:
      0.511kg, 244 Pages
      Dimensions:
      (234 x 158 mm)
      Weight & Pages:
      0.528kg, 244 Pages
      • Subjects:
      Economics, Natural Resource and Environmental Economics
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    • Selected: Digital
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    Subjects:
    Economics, Natural Resource and Environmental Economics
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    Book description

    In this book, Jon Conrad and Colin Clark develop the theory of resource economics. To begin, they provide an introduction to the required techniques of dynamic optimization. Throughout the book they build the reader's understanding with many fully-worked problems and numerical examples. The authors have written this text in the belief that the theory and concepts of resource are more quickly learned, more effectively made operational, and more truly understood if the reader is exposed to carefully explained numerical examples. By working through the problems at the end of each chapter, students will learn the techniques to be used in empirical studies of natural resource systems. The first chapter provides an introduction to optimization, including constrained optimization, dynamic allocation problems, dynamic programming, continuous time problems, and the maximum principle, and a discussion of various numerical and graphical techniques. The remaining chapters deal in depth with the economics of renewable resources, nonrenewable resources, with environmental management and with stochastic resource models.

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