Economics of Natural & Environmental Resources (Routledge Revivals): 1st Edition (Paperback) book cover

Economics of Natural & Environmental Resources (Routledge Revivals)

1st Edition

Edited by Vernon L. Smith


506 pages

Purchasing Options:$ = USD
Paperback: 9780415842280
pub: 2014-11-13
Hardback: 9780415842204
pub: 2013-04-12
Currently out of stock
eBook (VitalSource) : 9780203760666
pub: 2013-08-15
from $32.48

FREE Standard Shipping!


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.

Table of Contents

Part I: Theory of Exhaustible Resources 1. Some Extensions of the Economic Theory of Exhaustible Resources R. Cummings 2. The Theory of Exhaustible Resource Use: A Basic Model N. Vousden 3. An Optimistic Theory of Exhaustible Resources V. Smith 4. The Optimal Depletion of Exhaustible Resources P. Dasgupta and G. Heal Part II: Petroleum and Natural Gas Economics 5. Petroleum Conservation in theory and Practice J. McKie and S. McDDonald 6. Public Policy Problems of the Domestic Crude Oil Industry P. Davidson 7. An Economic Model of Production and Investment for Petroleum Reservoirs R. Kuller and R. Cummings Part III: Biological Resource Economics 8. A Generalized Wickselling Capital Model - An Application to Forestry H. Wan 9. Optimal Utilization and the Control of Fisheries A. Scott 10. Optimization and Suboptimization in Fishery Regulation R. Turvey 11. Optimization and Suboptimization in Fishery Regulation: Comment J. Boyd 12. General Equilibrium with a Replenishable Natural Resource V. Smith 13. Mathematical Models of a Fishery J. Crutchfield and A. Zellner 14. Exploitation of Common-Property Replenishable Natural Resources C. Plourde 15. The Primitive Hunter Culture, Pleistocene Extinction, and the rise of Agriculture V. Smith Part IV: Water Resource Economics 16. Optimal Resource Use Over Time with an Application to Ground Water O. Burt 17. Temporal Allocation of Ground Water O. Burt 18. A Socially Optimal Pricing Policy for a Public Water Agency G. Brown and C. McGuire Part V: General theory of Production from Natural Resources 19. Economics of Production from Natural Resources V. Smith 20. Production and Investment in Natural Resource Industries O. Burt and R. Cummings Part VI: The Environment 21. Production, Consumption and Externalities R. Ayres and A. Kneese 22. Littering, Derelicts and the Pricing System V. Smith 23. Dynamics of Waste Accumulation: Disposal Versus Recycling V. Smith 24. The Optimal Control of Pollution E. Keeler, M. Spence and R. Zeckhauser 25. A Polluted Golden Age W. Brock 26. The Economics of Environmental Preservation: A Theoretical and Empirical Analysis A. Fisher, J. Krutilla and C. Cicchetti 27. Environmental Preservation, Uncertainty, and Irreversibility K. Arrow and A. Fisher 28. Economics of Wilderness Resources V. Smith

About the Series

Routledge Revivals

Are there elusive titles that you need and have been trying to source for years but thought that you would never be able to find?

Well this may be the end of your quest – here is a fantastic opportunity for you to discover past brilliance and purchase previously out of print and unavailable titles by some of the world’s most eminent academic scholars.

Drawing from over 100 years of innovative, cutting-edge publishing, Routledge Revivals is an exciting programme whereby key titles from the distinguished and extensive backlist of the many acclaimed imprints associated with Routledge will be re-issued.

The programme draws upon the illustrious backlists of Kegan Paul, Trench & Trubner, Routledge & Kegan Paul, Methuen, Allen & Unwin and Routledge itself.

Routledge Revivals spans the whole of the Humanities and Social Sciences, and includes works by some of the world’s greatest thinkers including Emile Durkheim, Max Weber, Simone Weil, Martin Buber, Karl Jaspers and Max Beloff.

If you are interested in Revivals in the Behavioral Sciences, please visit

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Environmental Economics