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Classic Papers in Natural Resource Economics

By: Chennat Gopalakrishnam

360 pages, Graphs


Hardback | Dec 2000 | #105217 | ISBN: 0333777638
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NHBS Price: £110.00 $142/€121 approx

About this book

Classic Papers in Natural Resource Economics brings together a choice selection of some of the most enduring academic writing published in this field in a single volume. The fourteen papers included in this book are grouped into five sections: the intertemporal problem; externalities and market failure; property rights; institutions and public choice; the economics of exhaustible resources; and the economics of renewable resources. Each section represents a major area in natural resource economics. - Written by distinguished resource economists, the papers in this volume probe, analyze and illuminate the central issues of the discipline.


Preface - Acknowledgements - Notes on the Contributors - Classic Papers in Natural Resource Economics: An Overview; C.Gopalakrishnan - PART I: THE INTERTEMPORAL PROBLEM - The Social Time Preference Discount Rate in Cost Benefit Analysis; M.S.Feldstein - On the Social Rate of Discount; W.F.Baumol - Uncertainty and the Evaluation of Public Investment Decisions; K.J.Arrow & R.C.Lind - Environment Preservation, Uncertainty and Irreversibility; K.J.Arrow & A.C.Fisher - PART II: EXTERNALITIES AND MARKET FAILURE - The Problem of Social Cost; R.Coase - Externality; J.Buchanan & W.C.Stubblebine - On Divergences Between Social Cost and Private Cost; R.Turvey - PART III: PROPERTY RIGHTS, INSTITUTIONS AND PUBLIC CHOICE - Toward a Theory of Property Rights; H.Demsetz - The Economic Theory of a Common Property Resource: The Fishery; H.S.Gordon - Politics, Policy and the Pigovian Margins; J.Buchanan - PART IV: THE ECONOMICS OF EXHAUSTIBLE RESOURCES - The Economics of Exhaustible Resources; H.Hotelling - The Economics of Resources or the Resources of Economics; R.M.Solow - PART V: THE ECONOMICS OF RENEWABLE RESOURCES - Economics of Production from Natural Resources; V.L.Smith - Economics of Forestry in an Evolving Society; P.A.Samuelson - Further Readings - Index

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CHENNAT GOPALAKRISHNAN is Professor of Natural Resource Economics at the University of Hawaii. He has published three books, Natural Resources and Energy, Theory and Policy and The Economics of Energy in Agriculture and approximately sixty journal articles and papers dealing with current and emerging issues in natural resource economics and policy.

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