Resource Economics: An Economic Approach to Natural Resource and Environmental Policy - Softcover

Randall, Alan

Softcover

ISBN 10: 047187468X ISBN 13: 9780471874683

Publisher: Wiley, 1987

Synopsis

A substantial revision of a comprehensive, accessible introduction. Over 50 percent of the material is entirely new, and the text features particularly strong and extensive treatment of welfare economics and market failure concepts, project evaluation, investment theory, land markets and allocation of exhaustible and biological resources, and environmental quality issues. A unique policy orientation links economic theory with the ``real world'' of interest-group politics. This new edition introduces the concepts of scarcity and growth with in-depth definitions of resource types and a more rigorous treatment of project evaluation.

About this title

About the Author

John C. Bergstrom, Richard B. Russell Jr Professor of Public Policy and Professor of Agricultural and Applied Economics, The University of Georgia, Athens and Alan Randall, Professor and Chair, Department of Agricultural, Environmental and Development Economics, The Ohio State University

Review

''Bergstrom and Randall have produced another outstanding text covering the full range of issues in environmental and resource economics. Each revision of the book has successfully maintained the strengths of the previous (solid founding in economic theory, clear explanations of core concepts, and a focus on interesting policy) while updating the content to reflect changes and advances in the field. This text will be highly valuable in educating the next generation of students in fundamentals of resource economics.'' --Catherine Kling, Professor, Iowa State University,

''Resource Economics by Bergstrom and Randall is no ordinary read. It has all the standard features of textbooks such as plenty of graphs and a style of writing that is easy to follow and highly comprehensible. But it stands out by its comprehensive and in-depth coverage of a wide variety of topics and its firm grounding of their treatment in a general economic analytical approach. Both features make this an outstanding introduction to both resource and environmental economics broadly conceived.'' --Eric Neumayer, London School of Economics & Political Science, UK

''The book is engagingly written with a broad worldview of the many environmental challenges facing the world and economic solutions for dealing with them. Besides being a comprehensive text about natural resource and environmental economics, a distinguishing feature of the book is how to actually perform policy relevant analyses to address natural resource and environmental problems.'' --John Loomis, Colorado State University

Edition details

• Publisher: Wiley
• Publication date: 1987
• Language: English
• ISBN 10: 047187468X
• ISBN 13: 9780471874683
• Binding: Paperback
• Edition number: 2
• Number of pages: 448