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Resource economics / Jon M. Conrad.

By: Conrad, Jon MMaterial type: TextTextLanguage: English Publication details: Cambrdige, UK ; New York : Cambridge University Press, 1999. Description: x, 213 p. : ill. ; 24 cmISBN: 0521640121; 0521649749 (pbk.); 9780521640121Subject(s): Natural resources -- Management -- Mathematical models | Resource allocation -- Mathematical modelsDDC classification: 333.7 LOC classification: HC59.15 | .C656 1999Online resources: Sample text | Publisher description | Table of contents | WorldCat Details | Ebook Fulltext
Contents:
TOC Basic Concepts -- Renewable, Nonrenewable, and Environmental Resources -- Discounting -- A Discrete-Time Extension of the Method of Lagrange Multipliers -- Solving Numerical Allocation Problems -- An Optimal Depletion Problem -- An Optimal Harvest Problem -- The Economics of Fisheries -- Net Growth -- Fishery Production Functions -- The Yield-Effort Function -- The Static Model of Open Access -- The Dynamic Model of Open Access -- Static Rent Maximization by a Sole Owner -- Present Value Maximization -- Traditional Management Policies -- Bioeconomic Management Policies -- ITQ Programs in New Zealand, Australia, and Canada -- The Economics of Forestry -- The Volume Function and Mean Annual Increment -- The Optimal Single Rotation -- The Faustmann Rotation -- An Example -- Timber Supply -- The Optimal Stock of Old-Growth Forest -- The Economics of Nonrenewable Resources -- A Simple Model -- Hotelling's Rule -- The Inverse Demand Curve -- Extraction and Price Paths in the Competitive Industry -- Extraction and Price Paths under Monopoly -- Reserve-Dependent Costs -- Exploration -- The Economic Measure of Scarcity -- Stock Pollutants -- The Commodity-Residual Transformation Frontier -- Damage Functions and Welfare -- A Degradable Stock Pollutant -- Diffusion and a Nondegradable Stock Pollutant -- Optimal Extraction with a Nondegradable Waste -- Recycling -- Emission Taxes and Marketable Pollution Permits -- Option Value and Risky Development -- Cost-Benefit Analysis -- Option Value in a Simple Two-Period Model.
Summary: Summary: This is a text for students with a background in calculus, intermediate microeconomics, & are familiar with the spreadsheet software Excel. The book covers basic concepts, & shows how to set up spreadsheets to solve dynamic allocation problems.
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Includes bibliography references (p.189-207) and index.

TOC Basic Concepts --
Renewable, Nonrenewable, and Environmental Resources --
Discounting --
A Discrete-Time Extension of the Method of Lagrange Multipliers --
Solving Numerical Allocation Problems --
An Optimal Depletion Problem --
An Optimal Harvest Problem --
The Economics of Fisheries --
Net Growth --
Fishery Production Functions --
The Yield-Effort Function --
The Static Model of Open Access --
The Dynamic Model of Open Access --
Static Rent Maximization by a Sole Owner --
Present Value Maximization --
Traditional Management Policies --
Bioeconomic Management Policies --
ITQ Programs in New Zealand, Australia, and Canada --
The Economics of Forestry --
The Volume Function and Mean Annual Increment --
The Optimal Single Rotation --
The Faustmann Rotation --
An Example --
Timber Supply --
The Optimal Stock of Old-Growth Forest --
The Economics of Nonrenewable Resources --
A Simple Model --
Hotelling's Rule --
The Inverse Demand Curve --
Extraction and Price Paths in the Competitive Industry --
Extraction and Price Paths under Monopoly --
Reserve-Dependent Costs --
Exploration --
The Economic Measure of Scarcity --
Stock Pollutants --
The Commodity-Residual Transformation Frontier --
Damage Functions and Welfare --
A Degradable Stock Pollutant --
Diffusion and a Nondegradable Stock Pollutant --
Optimal Extraction with a Nondegradable Waste --
Recycling --
Emission Taxes and Marketable Pollution Permits --
Option Value and Risky Development --
Cost-Benefit Analysis --
Option Value in a Simple Two-Period Model.

Summary:
This is a text for students with a background in calculus, intermediate microeconomics, & are familiar with the spreadsheet software Excel. The book covers basic concepts, & shows how to set up spreadsheets to solve dynamic allocation problems.

Economics

Tahur Ahmed

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