1st Edition
The Economics of Natural Environments Studies in the Valuation of Commodity and Amenity Resources, revised edition
322 Pages
by
RFF Press
328 Pages
by
RFF Press
328 Pages
by
RFF Press
Also available as eBook on:
In this pioneering study, Krutilla and Fisher put the amenity resources of natural environments into an analytical framework comparable to that for the extractive resources. The models and theoretical background of their techniques are illustrated by case studies which include the controversial Hells Canyon dam, the Mineral King ski resort, and the Trans-Alaska pipeline.
The authors point out... Read more
Part 1: Institutional and Theoretical Considerations
1. Managing Natural Environment
2. Externalities, Property Rights, and Valuation of Resources on the Public Lands
3. Irreversibility and the Optimal Use of Natural Environments
4. Further Analysis of Irreversibility: Discounting, Intergenerational Transfers, and Uncertainty
Part 2: Applying the Analysis: Selected Case Studies
5. Hells Canyon: Asymmetric Implications of Technical Change for Value of Alternative Uses
6. Hells Canyon Continued: Evaluation of Environmental Costs
7. The White Cloud Peaks: Wilderness Recreation or Mine-Mill Operations?
8. Mineral King Valley: Demand Theory and Resource Valuation
9. Allocation of Prairie Wetlands
10. The Trans-Alaska Pipeline: Environmental Consequences and Alternatives
11. Summary, Conclusions, and Policy Recommendations
Biography
John V. Krutilla (Author) , Anthony C. Fisher (Author)
