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Resource Economics

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  • Conrad,Jon M.

Abstract

Resource Economics is a text for students with a background in calculus and intermediate microeconomics and a familiarity with the spreadsheet software Excel. The book covers basic concepts (Chapter 1), shows how to set up spreadsheets to solve simple dynamic allocation problems (Chapter 2), and presents economic models for fisheries, forestry, nonrenewable resources, and stock pollutants (Chapters 3–6). Chapter 7 examines the maximin utility criterion when the utility of a generation depends on consumption of a manufactured good, harvest from a renewable resource, and extraction from a nonrenewable resource. Within the text, numerical examples are posed and solved using Excel's Solver. Exercises are included at the end of each chapter. These problems help make concepts operational, develop economic intuition, and serve as a bridge to the study of real-world problems in resource management.

Suggested Citation

  • Conrad,Jon M., 2010. "Resource Economics," Cambridge Books, Cambridge University Press, number 9780521697675.
    • Handle: RePEc:cup:cbooks:9780521697675
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    Citations

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    Cited by:

    1. Castillo, Emilio, 2021. "The impacts of profit-based royalties on early-stage mineral exploration," Resources Policy, Elsevier, vol. 73(C).
    2. Majah-Leah V. Ravago & James A. Roumasset, 2015. "Rethinking Baselines: An Efficiency-based Approash to Better REDD+ Governance," Working Papers 201515, University of Hawaii at Manoa, Department of Economics.
    3. Margaret Insley, 2013. "On the timing of non-renewable resource extraction with regime switching prices: an optimal stochastic control approach," Working Papers 1302, University of Waterloo, Department of Economics, revised Aug 2013.
    4. Bauner, Christoph & Crago, Christine L., 2015. "Adoption of residential solar power under uncertainty: Implications for renewable energy incentives," Energy Policy, Elsevier, vol. 86(C), pages 27-35.
    5. Lima, Dmitry & Colson, Gregory & Karali, Berna & Guerrero, Bridget & Amosson, Stephen H. & Wetzstein, Michael, 2013. "A New Look at the Economic Evaluation of Wind Energy as an Alternative to Electric and Natural Gas-Powered Irrigation," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 45(4), pages 1-12, November.
    6. Speers, Ann E. & Besedin, Elena Y. & Palardy, James E. & Moore, Chris, 2016. "Impacts of climate change and ocean acidification on coral reef fisheries: An integrated ecological–economic model," Ecological Economics, Elsevier, vol. 128(C), pages 33-43.
    7. Behringer, Stefan & Upmann, Thorsten, 2014. "Optimal harvesting of a spatial renewable resource," Journal of Economic Dynamics and Control, Elsevier, vol. 42(C), pages 105-120.
    8. Katarina Elofsson & Ing-Marie Gren, 2015. "Regulating invasive species with different life history," Journal of Bioeconomics, Springer, vol. 17(2), pages 113-136, July.
    9. Sarah Wheeler & Dustin Garrick & Adam Loch & Henning Bjornlund, 2011. "Incorporating Temporary Trade with the Buy-Back of Water Entitlements inAustralia," Centre for Water Economics, Environment and Policy Papers 1101, Centre for Water Economics, Environment and Policy, Crawford School of Public Policy, The Australian National University.
    10. Stefanski, Stephanie F. & Shi, Xiangying & Hall, Jefferson S. & Hernandez, Andres & Fenichel, Eli P., 2015. "Teak–cattle production tradeoffs for Panama Canal Watershed small scale producers," Forest Policy and Economics, Elsevier, vol. 56(C), pages 48-56.
    11. Coordes, Renke, 2016. "Coordination of forest management through market and political institutions," Forest Policy and Economics, Elsevier, vol. 72(C), pages 66-77.
    12. Hong, George William & Abe, Naoya, 2012. "Modeling and optimizing a sub-centralized LED lamps provision system for rural communities," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(7), pages 4616-4628.
    13. Kasperski, Stephen, 2016. "Optimal multispecies harvesting in the presence of a nuisance species," Marine Policy, Elsevier, vol. 64(C), pages 55-63.

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