2nd Edition

Natural Resource Economics The Essentials

By Tom Tietenberg, Lynne Lewis Copyright 2025
404 Pages 37 B/W Illustrations
by Routledge

404 Pages 37 B/W Illustrations
by Routledge

404 Pages 37 B/W Illustrations
by Routledge

Natural Resource Economics: The Essentials offers a policy-oriented approach to the increasingly influential field of natural resource economics that is based upon a solid foundation of economic theory and empirical research. Students will not only leave the course with a firm understanding of natural resource economics, but they will also be exposed to a number of case studies showing how... Read more

Preface. An Overview of the Book. Acknowledgements. PART I: INTRODUCTION TO THE FIELD OF NATURAL RESOURCE ECONOMICS 1. Visions of the Future 2. The Economic Approach: Property Rights, Externalities, and Environmental Problems 3. Evaluating Trade-Offs: Benefit-Cost Analysis and Other Decision-Making Metrics 4. Valuing the Environment: Methods 5. Ecosystem Services: Nature’s Threatened Bounty 6. Dynamic Efficiency and Sustainable Development 7. Depletable Resource Allocation Over Time: The Role of Longer Time Horizons, Substitutes and Extraction Cost 8. Common-Pool Resources: Commercially Valuable Fisheries 9. Forests: Storable, Renewable Resources 10. Land: A Locationally Fixed, Multipurpose Resource PART II: NATURAL RESOURCE ECONOMICS AND CLIMATE CHANGE 11. Climate Change: The Role of Energy Policy 12. Climate Change: Adaptation: Floods, Wildfires, and Water Scarcity 13. Sustainable Development: Meeting the Challenge. Answers to Self-Test Exercises. Glossary. Index.

Biography

Tom Tietenberg is the Mitchell Family Professor of Economics Emeritus at Colby College, Maine, USA.

Lynne Lewis is Professor, Department of Agricultural and Resource Economics, Colorado State University, Colorado, USA and Elmer W. Campbell Professor of Economics Emeritus, Department of Economics, Bates College, Maine, USA.