Read more
Presents models of renewable and non-renewable resources and provides analytical methods to explore contemporary resource problems.
List of contents
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.
About the author
Jon M. Conrad is Professor Emeritus in the Dyson School of Applied Economics and Management at Cornell University, New York. He is the author of Resource Economics, 2nd edition (Cambridge, 2010) and co-author of Natural Resource Economics: Notes and Problems (Cambridge, 1987).Daniel Rondeau is Professor of Economics at the University of Victoria, Canada, with publications in leading environmental and resource economics journals including the Journal of Environmental Economics and Management, Environmental and Resource Economics, Resource and Energy Economics, Land Economics, Marine Resource Economics and the American Journal of Agricultural Economics.
Summary
This text provides students, researchers and policy analysts with a review of mathematical methods underpinning natural resource economics. It presents the field's foundational models along with an extensive collection of contemporary applications, including the transition from fossil fuels and the preservation of endangered species.
Additional text
'Natural Resource Economics presents the theory behind resource economics with an elegant mathematical presentation that should be very appealing to advanced students. Their handling of dynamic modeling and application of that theory to several different resource topics is particularly impressive.' Robert Mendelsohn, Yale University
