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Resource Economics: An Economic Approach to Natural Resource and Environmental Policy

Out of Print

By: Alan Randall

434 pages, Figs

John Wiley & Sons

Paperback | Dec 1987 | Edition: 2 | #14131 | ISBN: 0471859281
Out of Print Details
Hardback | Dec 1987 | Edition: 2 | #14132 | ISBN: 047187468X
Out of Print Details

About this book

Includes extensive treatment of welfare economics and market failure concepts, project evaluation, investment theory, land markets and allocation of exhaustible and biological resources, and environmental quality issues.


NATURAL RESOURCE AND ENVIRONMENTAL POLICY: THE CHALLENGE TO ECONOMISTS. Economic Growth, Resource Scarcity, and Environmental Degradation. Cornucopia or Catastrophe. Resources and Policy. ALLOCATION, DISTRIBUTION AND ECONOMIC WELL-BEING: ECONOMIC POLICY FOR RESOURCES POLICY. Economic Coordination and the Price System. Economic Efficiency. Criteria for Economic Policy. Property Rights, Efficiency and the Distribution of Income. Sources of Inefficiency. RULES OF THE GAME: THE INSTITUTIONAL FRAMEWORK. The Loci of Economic Decision Making. Some Important Legal Concepts. Natural Resources and the State: Legislative and Judicial Processes as They Apply to Natural and Environmental Resources. PROJECT AND PROGRAM EVALUATION. Benefit Cost Analysis. Benefit Cost Analysis in a Limited-Information Environment. APPLICATIONS. Intertemporal Allocation I: Exhaustible Resources. Demand and Supply of Fossil Fuels. Intertemporal Allocation 2: Biological Resources. Land Markets. Land Use Policy. The Control of Polluting Emissions. The Siting of Locally Obnoxious Facilities. Water Resources Projects: The Case of the Tellico Dam and Reservoir Project. Conservation and Preservation. Epilog. Index.

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