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Natural Resource Economics: Notes and Problems [Paperback]

Jon M. Conrad (Author), Colin Whitcomb Clark (Author)

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Book Description

November 27, 1987 0521337690 978-0521337694
This book reviews techniques of dynamic optimization and shows how they can be applied to the management of various resource systems. In addition, it highlights the theory, models, and methods employed in the discipline of resource economics. Professors Conrad and Clark have written this text under the premise that the theory and concepts in this field are more quickly learned and made operational through numerical examples. By working through the problems at the end of each chapter, readers will learn the techniques that may be used in empirical studies of natural resources systems. Specifically, the chapters deal with renewable resources, nonrenewable resources, environmental management, and stochastic resource models, in addition to dynamic optimization.

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Natural Resource Economics: Notes and Problems + Resource Economics + Resource and Environmental Economics (Cambridge Surveys of Economic Literature)
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Book Description

A review of the techniques of dynamic optimization and their application to the management of various resource systems also highlights the theory, models and methods employed in the discipline of resource economics.

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Inside This Book (learn more)
First Sentence:
Economics has been defined as the science of allocating scarce resources among competing ends. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
convergent separatrices, optimal escapement, bionomic equilibrium, nearshore site, marginal social damage, accumulated residual, cumulative discoveries, phase plane diagram, residual accumulation, harvest policy, infinite horizon problem, first order necessary conditions, residual generation, optimal harvest, irreversible development, initial reserves, dynamic optimization problems, remaining reserves, effluent charges
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