Download or read book The Economic Value of Natural and Environmental Resource written by Frew Hailu and published by GRIN Verlag. This book was released on 2014-11-10 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Studienarbeit aus dem Jahr 2013 im Fachbereich VWL - Umweltökonomie, , Veranstaltung: Environmental Economics, Sprache: Deutsch, Abstract: Monetary valuation of environmental goods has by now become the subject of numerous economic books and articles. Interest in the topic seems to be increasing in the economics profession, and theoretical insight, methodological improvements and the numbers of empirical findings are expanding rapidly. The aim of such valuation is usually to incorporate environmental concerns into a cost-benefit analysis. Another purpose is to construct environmentally adjusted national income measures Environmental value estimates have also been combined with macroeconomic models, e.g. to estimate welfare effects of a climate treaty Further, estimated willingness to pay is now accepted in the USA as a basis for legal compensation claims for damages to natural resources caused by spill of hazardous substances (Nyborg, 1996) Valuation can simply be defined “as an attempt to put monetary values or to environmental goods and services or natural resources”. It is a key exercise in economic analysis and its results provide important information about values of environmental goods and services. This information can be used to influence decisions about wise use and conservation of forests and other ecosystems. The basic aim of valuation is to determine people’s preferences by gauging how much they are willing to pay (WTP) for given benefits or certain environmental attributes e.g. keep a forest ecosystem intact. In other words, valuation also tries to gauge how much worse off they would consider themselves to be as a result of changes in the state of the environment such as degradation of a forest. Economic valuation never refers to a stock, but only the change in a stock. If one speaks of the economic value of biodiversity, then one always means the economic value of a change of biodiversity. It is not a question of determining the ‘true’ value of biodiversity or ecosystems but valuing changes and comparing them with their alternatives, e.g. with a golf course vs without a golf course. Thus it is non-sense to ask “how much are the African National Parks worth?” A plausible question in this case would be: ‘WWF has proposed a new policy to prevent the huge losses of wildlife species from African National Parks. What is the monetary value of the benefits of this policy (i.e., the economic damages avoided)? Economists thus stress that the valuation should focus on changes rather than levels of biodiversity or ecosystem. [...]
Download or read book Environmental and Natural Resource Economics written by Thomas H. Tietenberg and published by Routledge. This book was released on 2018-03-13 with total page 834 pages. Available in PDF, EPUB and Kindle. Book excerpt: Environmental and Natural Resource Economics is the best-selling text for natural resource economics and environmental economics courses, offering a policy-oriented approach and introducing economic theory and empirical work from the field. Students will leave the course with a global perspective of both environmental and natural resource economics and how they interact. Complemented by a number of case studies showing how underlying economic principles provided the foundation for specific environmental and resource policies, this key text highlights what can be learned from the actual experience. This new, 11th edition includes updated data, a number of new studies and brings a more international focus to the subject. Key features include: Extensive coverage of the major issues including climate change, air and water pollution, sustainable development, and environmental justice. Dedicated chapters on a full range of resources including water, land, forests, fisheries, and recyclables. Introductions to the theory and method of environmental economics including externalities, benefit-cost analysis, valuation methods, and ecosystem goods and services. Boxed ‘Examples’ and ‘Debates’ throughout the text which highlight global examples and major talking points. The text is fully supported with end-of-chapter summaries, discussion questions, and self-test exercises in the book and multiple-choice questions, simulations, references, slides, and an instructor’s manual on the Companion Website.
Download or read book Environmental and Natural Resource Economics written by Jonathan M. Harris and published by Routledge. This book was released on 2016-05-05 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt: Harris and Roach present a compact and accessible presentation of the core environmental and resource topics and more, with analytical rigor as well as engaging examples and policy discussions. They take a broad approach to theoretical analysis, using both standard economic and ecological analyses, and developing these both from theoretical and practical points of view. It assumes a background in basic economics, but offers brief review sections on important micro and macroeconomic concepts, as well as appendices with more advanced and technical material. Extensive instructor and student support materials, including PowerPoint slides, data updates, and student exercises are provided.
Download or read book Environmental and Resource Valuation with Revealed Preferences written by Nancy E. Bockstael and published by Springer Science & Business Media. This book was released on 2007-03-31 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a systematic review of those economic approaches for valuing the environment and natural resources that use information on what people do, not what they say. The authors have worked on models of revealed preferences for valuing environmental and natural resources for several decades. The book provides a candid review of the major conceptual challenges and an exploration of neglected issues in the literature.
Download or read book Environmental Economics and Natural Resource Management written by David A. Anderson and published by Routledge. This book was released on 2013-09-23 with total page 447 pages. Available in PDF, EPUB and Kindle. Book excerpt: The tools of environmental economics guide policymakers as they weigh development against nature, present against future, and certain benefits against uncertain consequences. From reluctant-but-necessary calculations of the value of life, to quandaries over profits at the environment’s expense, the policies and research findings explained in this textbook are relevant to decisions made daily by individuals, firms, and governments. The fourth edition of Environmental Economics and Natural Resource Management pairs the user-friendly approaches of the previous editions with the latest developments in the field. A story-based narrative delivers clear, concise coverage of contemporary policy initiatives. To promote environmental and economic literacy, we have added even more visual aids, including color photographs and diagrams unmatched in other texts. Ancillaries include an Instructor’s Guide with answers to all of the practice problems and downloadable slides of figures and tables from the book. The economy is a subset of the environment, from which resources are obtained, workers and consumers receive sustenance, and life begins. Energy prices and environmental calamities constrain economic growth and the quality of life. The same can be said about overly restrictive environmental policies. It is with an appreciation for the weighty influence of this discipline, and the importance of conveying it to students, that this textbook is crafted.
Download or read book Valuing Environmental and Natural Resources written by Timothy C. Haab and published by Edward Elgar Publishing. This book was released on 2002-01-01 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: Non-market valuation has become a broadly accepted and widely practiced means of measuring the economic values of the environment and natural resources. In this book, the authors provide a guide to the statistical and econometric practices that economists employ in estimating non-market values. The authors develop the econometric models that underlie the basic methods: contingent valuation, travel cost models, random utility models and hedonic models. They analyze the measurement of non-market values as a procedure with two steps: the estimation of parameters of demand and preference functions and the calculation of benefits from the estimated models. Each of the models is carefully developed from the preference function to the behavioral or response function that researchers observe. The models are then illustrated with datasets that characterize the kinds of data researchers typically deal with. The real world data and clarity of writing in this book will appeal to environmental economists, students, researchers and practitioners in multilateral banks and government agencies.
Download or read book Research Tools in Natural Resource and Environmental Economics written by Amitrajeet A. Batabyal and published by World Scientific. This book was released on 2011 with total page 475 pages. Available in PDF, EPUB and Kindle. Book excerpt: Key Features:First book of its kind in the fieldExamines and analyzes how key tools are used to conduct theoretical and empirical research in natural resource and environmental economics in contemporary timesCompiles various articles and accounts concerned with the relevant pedagogical discussionWritten by recognized experts and prominent international researchers in the field.
Download or read book Resource And Environmental Economics Modern Issues And Applications Second Edition written by Clement A Tisdell and published by World Scientific. This book was released on 2021-04-14 with total page 649 pages. Available in PDF, EPUB and Kindle. Book excerpt: This important book deals with the essential principles of resource and environmental economics, provides applications to contemporary issues in this field, and outlines and assesses policies being used or proposed for managing the use of environmental and natural resources. Covering specific contemporary topics such as agriculture and the environment, water use, greenhouse gas management, biodiversity conservation, tourism and the environment, and environmental economics and health, leading issues in resource and environmental economics are outlined and analyzed in an innovative manner. Institutional economics (both new and traditional) is applied and compared with other approaches such as neoclassical economics, behavioral economics and the Austrian School of Economics. This heterogeneous, multi-perspective approach enables problems to be considered from several different angles, thus enhancing the reader's comprehension of the subject matter. Furthermore, using minimal technical jargon, the book takes into account aspects of modern economic analysis such as the costs of and constraints on decision-making and the transaction costs involved in policy implementation.
Download or read book Assigning Economic Value to Natural Resources written by National Research Council and published by National Academies Press. This book was released on 1994-02-01 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: There has been a lot of discussion among policymakers, particularly within the Clinton Administration, about how to make U.S. economic indicators, such as GNP, more accurately reflect the state of the environment. This book explores the major issues and controversies involved in incorporating natural resources and the environment into economic accounts. The first section of the volume, based largely on a three-day workshop of experts in the field, explains the possibilities and pitfalls in so-called "green" accounting. This is followed by a selection of nine individually authored papers, including one by Nobel prize winner Robert Solow, that probe scientific aspects of this issues in greater depth.
Download or read book Economic Valuation Of Natural Resources written by Rebecca L Johnson and published by Routledge. This book was released on 2019-04-24 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: Allocation of natural resources has become a prominent concern at the local, state, and federal level. Competing uses for increasingly scarce resources are requiring that the relative values of those uses be investigated. Although many types of value are important in decision making, this book is concerned with the economic value of natural resources. Economic values for certain natural resources are readily observable in markets. For others, however, market prices are not available, and estimates of value must be made through nonmarket valuation techniques. The progress that has been made in improving the theory, methods, and applications of these techniques has been remarkable. Along with the progress, however, come new problems that must be addressed. The chapters presented in this volume are a collection of examples of both progress and problems.
Download or read book Natural Resource Economics written by Barry C. Field and published by Waveland Press. This book was released on 2008-03-12 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: People make decisions regarding the use of natural resources every day, from the individual recycling a sheet of paper to governments of large nations creating energy policy. Those decisions ultimately affect people around the world. Their motivation and results are best framed and analyzed using the tools of natural resource economics. Field presents the methods and applications of the discipline in the latest edition of his popular text. The updated book retains its successful structure, first presenting basic economic principles as they apply to natural resource use and then examining the economic issues surrounding individual resources. New material is included on: energy demand and efficiency; nonrenewable resources; individual transferable fishing quotas; water pricing; agricultural cropland programs; and the Endangered Species Act.
Download or read book Environmental and Natural Resource Economics written by Jonathan M. Harris and published by Routledge. This book was released on 2016-05-05 with total page 1090 pages. Available in PDF, EPUB and Kindle. Book excerpt: Harris and Roach present a compact and accessible presentation of the core environmental and resource topics and more, with analytical rigor as well as engaging examples and policy discussions. They take a broad approach to theoretical analysis, using both standard economic and ecological analyses, and developing these both from theoretical and practical points of view. It assumes a background in basic economics, but offers brief review sections on important micro and macroeconomic concepts, as well as appendices with more advanced and technical material. Extensive instructor and student support materials, including PowerPoint slides, data updates, and student exercises are provided.
Download or read book The Measurement of Environmental and Resource Values written by A. Myrick Freeman and published by Resources for the Future. This book was released on 2003 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: Non-market valuation is becoming increasingly accepted as an evaluative tool of economics related to environmental and resource protection. Freeman (economics, Bowdoin College) presents an overview of the literature, introducing the principal methods and techniques of resource valuation. Chapters cover the measurement of welfare changes, revealed and stated preference models, nonuse models, aggregation of values across time, environmental quality as factor input, longevity and health valuation, property value models, hedonic wage models, and recreational uses of natural resource systems. Annotation (c)2003 Book News, Inc., Portland, OR (booknews.com).
Download or read book Economics of Natural Resources and the Environment written by David W. Pearce and published by Johns Hopkins University Press. This book was released on 1989-12-01 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics of Natural Resources and the Environment brings together the approaches of natural resource economics and environmental economics to provide a comprhensive overview of the economics of national international and global environmental problems. A unifying theme throuhhout the book is the concept of "sustainable development" defined as "maximizing the net benefits of economic development while maintaining the services and quality of natural resources over time." The authors emphasize the continuing importance of a mainstream approach. They stress "economic efficiency—getting the most welfare out of a given endowment of resources." And they address the larger moral issues as well. Chapter topics include the historical development of environmental economics, environmental ethics, and pollution control policy in "free" mixed market and centrally planned economies. Other current issues seen from an economic perspective include destruction of the ozone layer, the greenhouse effect, policy weapons in the fight against pollution, and the special problems of the third world. Economics of Natural Resources and the Environment offers a thorough review and synthesis of the major work of the field's senior scholars. It will be of value not only to students of natural resource economics, environmental economics, geography, and environmental sciences but also to all with an interest in economic appraoches to environmental issues.
Download or read book Environmental and Natural Resource Economics written by Thomas H. Tietenberg and published by Addison-Wesley Longman. This book was released on 1992 with total page 712 pages. Available in PDF, EPUB and Kindle. Book excerpt: This third edition is designed to be of interest to students of environmental and natural resource economics. New chapters, an expanded emphasis on international concerns, domestic topics, and fresh coverage of older topics are covered in an applications-orientated approach.
Download or read book Economics of Natural Environmental Resources Routledge Revivals written by Vernon Smith and published by Routledge. This book was released on 2013-08-15 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: First written in 1977, Economics of Natural and Environmental Resources presents a collection of articles written in exploration of the economic, social, and ecological problems peculiar to natural and environmental resources. Whilst focusing on the economic theory of natural resources, the contributions also consider geological, technological, and institutional features of particular resources. Policy implications and considerations are central to the text and although the book was published over thirty years ago, the issues discussed remain relevant to today’s society.
Download or read book The Economic Value of the Environment written by Joy E. Hecht and published by . This book was released on 1999 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cases from South Asia.
