Risk and Uncertainty in Environmental and Natural Resource Economics

About this book

They begin by studying various environmental issues such as climate change and biodiversity conservation to underline the importance of identifying different forms of uncetainty have on economic development and environmental policies, and study the attitudes of different user-groups to these issues. Finally, they examine the natural resource management dilemmas faced by the private sector inclding issues of optimal resource allocation, insurance problems and consumer behaviour.

Contents

Introduction - approaches to risk and uncertainty in environmental and resource economics, Justus Wesseler et al. Part 1 Importance of environmental risk and uncertainty: irreversibilities and catastrophic risks in climate change, Anthony C. Fisher; on the quasi-option value of biodoversity and conservation, Hans-Peter Weikard; optimal environmental development under differing stochastic regimes, Shirra Freeman and Naomi Zeitouni. Part 2 Implications for economic development and environmental policies: public-private environmental conflicts, Sung Hoon Park and Jason F. Shogren; fish-wars revisited - a stochastic incomplete-information harvesting game, Robert C. Kelvey et al; climate change scenarios and the precautionary principle, Rossella Bargiacchi; risk, pollution abatement and endogenous growth - the impact of perception, Susanne Soretz; securitizing the environment - a property rights approach to managing climate change, Stephen C. Peck and Thomas J. Teisberg; risk aversion in economic decision making - pragmatic guides for consistent choice by natural resources managers, Jock R. Anderson and J. Brian Hardaker; uncertainty analysis in integrated assessment models for acidification, Silke Gabbert and Caroline Kroeze. Part 3 Impact on private sector response: stochastic dominance portfolio analysis of forestry assets, Veli-Pekka Heikkinen and Timo Kuosmanen; weather-based index insurance to hedge temperature exposure of greenhouse horticultural firms, Marcel A.P.M. van Asseldonk and Alfons G.J.M. Oude Lansink; parents' valuation of latent health risks to their children, Mark Dickie and Shelby Gerking; the effect of heavy metal content on food pricing behaviour - experimental assessment, Anne Rozan et al.

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