Jon M. Conrad, Colin W. Clark, Conrad Jon M.

Natural Resource Economics

Notes and Problems

• Gebundenes Buch

Produktbeschreibung

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.

Table of contents:
Preface; 1. Resource allocation and optimization; 2. Renewable resources; 3. Nonrenewable resources; 4. Environmental management; 5. Stochastic resource models; References; Index.

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.

In this book, Jon Conrad and Colin Clark develop the theory of resource economics.

Produktdetails

• Verlag: Cambridge University Press
• Seitenzahl: 244
• Erscheinungstermin: 22. Mai 2004
• Englisch
• Abmessung: 235mm x 157mm x 19mm
• Gewicht: 554g
• ISBN-13: 9780521331883
• ISBN-10: 0521331889
• Artikelnr.: 21413947

Inhaltsangabe

Preface
1. Resource allocation and optimization
2. Renewable resources
3. Nonrenewable resources
4. Environmental management
5. Stochastic resource models
References
Index.

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1. Overview of fundamental concepts; 2. Difference and differential equations; 3. Dynamic optimization; 4. Resource economics with Mathematica; 5. Nonrenewable resources; 6. Bioeconomic modes of fisheries; 7. Optimal stopping rules; 8. The control of pests and invasive species; 9. Economics of antibiotics efficacy; 10. Wildlife, agriculture and labour; 11. Open access and optimal inventory.

Rezensionen

'Natural Resource Economics is one of the rare books in resource economics that combines theory and applications, but also the mathematical tools to apply the theory to real world problems. It provides solid coverage of the theory of nonrenewable and renewable resources while focusing on specific applications - for example, the economics of antibiotics - which are becoming increasingly important. Overall, this is a book which would be an invaluable asset not only to graduate students but also to experienced researchers in resource economics.' Anastasios Xepapadeas, Athens University of Economics and Business, and University of Bologna