Lecture Notes on Resource and Environmental Economics:
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Cham
Springer International Publishing AG
2020
|
| Series: | The Economics of Non-Market Goods and Resources Ser.
v.16 |
| Subjects: | |
| Item Description: | Description based on publisher supplied metadata and other sources |
| Physical Description: | 1 Online-Ressource (158 pages) |
| ISBN: | 9783030489588 |
Staff View
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| 100 | 1 | |a Fisher, Anthony C. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Lecture Notes on Resource and Environmental Economics |
| 264 | 1 | |a Cham |b Springer International Publishing AG |c 2020 | |
| 264 | 4 | |c ©2020 | |
| 300 | |a 1 Online-Ressource (158 pages) | ||
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| 490 | 0 | |a The Economics of Non-Market Goods and Resources Ser. |v v.16 | |
| 500 | |a Description based on publisher supplied metadata and other sources | ||
| 505 | 8 | |a Intro -- Preface -- Contents -- 1 The Classical Roots of Resource Economics -- 1.1 Introduction: Why Do We Study Resource Economics? -- 1.2 The Classical Economists: Robert Malthus -- 1.3 The Classical Economists: David Ricardo -- 1.4 The Computation of Rent: Example -- 1.5 The Classical Economists: John Stuart Mill -- 2 Optimal Depletion of Exhaustible Resources -- 2.1 Introduction to Discounting -- 2.1.1 Estimating the Present Value of Investment Streams -- 2.2 Basic Concepts and an Informal Derivation of Optimal Depletion Rates -- 2.3 Formal Derivation of Optimal Depletion and the Welfare Theorem -- 2.3.1 The Planner's Problem -- 2.3.2 The Firm's Problem -- 2.4 Optimal Control* -- 2.4.1 Discounting -- 2.5 Optimal Depletion Using Optimal Control* -- 2.5.1 Efficient Allocation -- 2.5.2 Competitive Equilibrium -- 2.5.3 Equilibrium, Efficiency, and Non-convexity -- 2.6 Assumptions Underlying the Welfare Theorem -- 2.6.1 Perfect Competition -- 2.6.2 Advanced* -- 2.6.3 No Externalities -- 2.6.4 Advanced* -- 2.6.5 Private and Social Discount Rates Are the Same -- 2.6.6 Perfect Information -- 2.6.7 Anchoring the Price Path -- 2.7 Concluding Remarks on Theory -- 2.8 A Note on Empirical Verification of the Basic Model ... -- 2.9 Numerical Examples -- 2.9.1 Base Case -- 2.9.2 Unlimited Stock -- 2.9.3 No Discounting -- 2.9.4 Taxes -- 2.9.5 Expected Demand -- 2.9.6 Externalities -- 2.9.7 Substitutes -- 2.9.8 Depletion over Many Periods -- 2.9.9 Depletion over Many Periods: Continuous Time -- 2.9.10 Incorrectly Anticipated Stock -- 2.9.11 Incorrectly Anticipated Choke Price -- 2.10 Some Last Notes on Scarcity Rents -- 2.11 Backstop Technologies -- 2.11.1 Nordhaus Energy Model and Beyond -- 3 Renewable Resources -- 3.1 Continuous Time -- 3.2 Analytics of Optimal Timber Harvesting -- 3.2.1 One-Shot Harvest -- 3.2.2 Repeated Harvests | |
| 505 | 8 | |a 3.2.3 A Numerical Example Comparing One-Shot and Repeated Harvesting -- 3.2.4 Biological ''Optimum'': The Maximum Sustainable Yield (MSY) -- 3.2.5 The Standing Forest Has Value -- 3.3 Optimal Control of a Generic Renewable Resource* -- 4 Environmental Resources: Dynamics, Irreversibility and Option Value -- 4.1 Introduction: The Transition from Extractive to in Situ Resources -- 4.2 Irreversibility in Economics and in Environmental Processes -- 4.3 Evaluating Irreversible Investments -- 4.4 Investment Under Uncertainty and Irreversibility -- 4.5 Computation of Option Value -- 4.5.1 No Expectations of Learning -- 4.5.2 Anticipating Learning -- 4.6 Application of Uncertainty and Irreversibility: Valuation ... -- 4.6.1 A Framework for Valuation -- 4.6.2 An Illustrative Application -- 5 Resources, Growth and Sustainability -- 5.1 Resource Scarcity -- 5.1.1 Physical Measures of Scarcity -- 5.1.2 Economic Measures of Scarcity -- 5.2 Limits to Growth -- 5.3 Sustainability: An Intuitive Approach -- 5.3.1 Sustainability: A Rigorous Formulation and Preliminary Empirical Results -- 6 Climate: The Ultimate Resource? -- 6.1 Introduction -- 6.2 Climate Change Projections -- 6.3 Potential Impacts and Problems of Estimation -- 6.3.1 The Importance of Non-linearity in Modeling Climate Change Impacts -- 6.3.2 Impacts on the Environment, Extreme Events, and Capital Losses -- 6.4 Discounting -- 6.5 Irreversibilities -- 6.6 Catastrophic Climate Change in Context -- 6.7 Implications for Climate Policy -- 6.8 Policy Instruments -- Appendix References | |
| 650 | 4 | |a Environmental economics | |
| 776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |a Fisher, Anthony C. |t Lecture Notes on Resource and Environmental Economics |d Cham : Springer International Publishing AG,c2020 |z 9783030489571 |
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| contents | Intro -- Preface -- Contents -- 1 The Classical Roots of Resource Economics -- 1.1 Introduction: Why Do We Study Resource Economics? -- 1.2 The Classical Economists: Robert Malthus -- 1.3 The Classical Economists: David Ricardo -- 1.4 The Computation of Rent: Example -- 1.5 The Classical Economists: John Stuart Mill -- 2 Optimal Depletion of Exhaustible Resources -- 2.1 Introduction to Discounting -- 2.1.1 Estimating the Present Value of Investment Streams -- 2.2 Basic Concepts and an Informal Derivation of Optimal Depletion Rates -- 2.3 Formal Derivation of Optimal Depletion and the Welfare Theorem -- 2.3.1 The Planner's Problem -- 2.3.2 The Firm's Problem -- 2.4 Optimal Control* -- 2.4.1 Discounting -- 2.5 Optimal Depletion Using Optimal Control* -- 2.5.1 Efficient Allocation -- 2.5.2 Competitive Equilibrium -- 2.5.3 Equilibrium, Efficiency, and Non-convexity -- 2.6 Assumptions Underlying the Welfare Theorem -- 2.6.1 Perfect Competition -- 2.6.2 Advanced* -- 2.6.3 No Externalities -- 2.6.4 Advanced* -- 2.6.5 Private and Social Discount Rates Are the Same -- 2.6.6 Perfect Information -- 2.6.7 Anchoring the Price Path -- 2.7 Concluding Remarks on Theory -- 2.8 A Note on Empirical Verification of the Basic Model ... -- 2.9 Numerical Examples -- 2.9.1 Base Case -- 2.9.2 Unlimited Stock -- 2.9.3 No Discounting -- 2.9.4 Taxes -- 2.9.5 Expected Demand -- 2.9.6 Externalities -- 2.9.7 Substitutes -- 2.9.8 Depletion over Many Periods -- 2.9.9 Depletion over Many Periods: Continuous Time -- 2.9.10 Incorrectly Anticipated Stock -- 2.9.11 Incorrectly Anticipated Choke Price -- 2.10 Some Last Notes on Scarcity Rents -- 2.11 Backstop Technologies -- 2.11.1 Nordhaus Energy Model and Beyond -- 3 Renewable Resources -- 3.1 Continuous Time -- 3.2 Analytics of Optimal Timber Harvesting -- 3.2.1 One-Shot Harvest -- 3.2.2 Repeated Harvests 3.2.3 A Numerical Example Comparing One-Shot and Repeated Harvesting -- 3.2.4 Biological ''Optimum'': The Maximum Sustainable Yield (MSY) -- 3.2.5 The Standing Forest Has Value -- 3.3 Optimal Control of a Generic Renewable Resource* -- 4 Environmental Resources: Dynamics, Irreversibility and Option Value -- 4.1 Introduction: The Transition from Extractive to in Situ Resources -- 4.2 Irreversibility in Economics and in Environmental Processes -- 4.3 Evaluating Irreversible Investments -- 4.4 Investment Under Uncertainty and Irreversibility -- 4.5 Computation of Option Value -- 4.5.1 No Expectations of Learning -- 4.5.2 Anticipating Learning -- 4.6 Application of Uncertainty and Irreversibility: Valuation ... -- 4.6.1 A Framework for Valuation -- 4.6.2 An Illustrative Application -- 5 Resources, Growth and Sustainability -- 5.1 Resource Scarcity -- 5.1.1 Physical Measures of Scarcity -- 5.1.2 Economic Measures of Scarcity -- 5.2 Limits to Growth -- 5.3 Sustainability: An Intuitive Approach -- 5.3.1 Sustainability: A Rigorous Formulation and Preliminary Empirical Results -- 6 Climate: The Ultimate Resource? -- 6.1 Introduction -- 6.2 Climate Change Projections -- 6.3 Potential Impacts and Problems of Estimation -- 6.3.1 The Importance of Non-linearity in Modeling Climate Change Impacts -- 6.3.2 Impacts on the Environment, Extreme Events, and Capital Losses -- 6.4 Discounting -- 6.5 Irreversibilities -- 6.6 Catastrophic Climate Change in Context -- 6.7 Implications for Climate Policy -- 6.8 Policy Instruments -- Appendix References |
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| dewey-full | 333.7 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:50:37Z |
| indexdate | 2024-07-10T09:32:27Z |
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| isbn | 9783030489588 |
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| series2 | The Economics of Non-Market Goods and Resources Ser. |
| spelling | Fisher, Anthony C. Verfasser aut Lecture Notes on Resource and Environmental Economics Cham Springer International Publishing AG 2020 ©2020 1 Online-Ressource (158 pages) txt rdacontent c rdamedia cr rdacarrier The Economics of Non-Market Goods and Resources Ser. v.16 Description based on publisher supplied metadata and other sources Intro -- Preface -- Contents -- 1 The Classical Roots of Resource Economics -- 1.1 Introduction: Why Do We Study Resource Economics? -- 1.2 The Classical Economists: Robert Malthus -- 1.3 The Classical Economists: David Ricardo -- 1.4 The Computation of Rent: Example -- 1.5 The Classical Economists: John Stuart Mill -- 2 Optimal Depletion of Exhaustible Resources -- 2.1 Introduction to Discounting -- 2.1.1 Estimating the Present Value of Investment Streams -- 2.2 Basic Concepts and an Informal Derivation of Optimal Depletion Rates -- 2.3 Formal Derivation of Optimal Depletion and the Welfare Theorem -- 2.3.1 The Planner's Problem -- 2.3.2 The Firm's Problem -- 2.4 Optimal Control* -- 2.4.1 Discounting -- 2.5 Optimal Depletion Using Optimal Control* -- 2.5.1 Efficient Allocation -- 2.5.2 Competitive Equilibrium -- 2.5.3 Equilibrium, Efficiency, and Non-convexity -- 2.6 Assumptions Underlying the Welfare Theorem -- 2.6.1 Perfect Competition -- 2.6.2 Advanced* -- 2.6.3 No Externalities -- 2.6.4 Advanced* -- 2.6.5 Private and Social Discount Rates Are the Same -- 2.6.6 Perfect Information -- 2.6.7 Anchoring the Price Path -- 2.7 Concluding Remarks on Theory -- 2.8 A Note on Empirical Verification of the Basic Model ... -- 2.9 Numerical Examples -- 2.9.1 Base Case -- 2.9.2 Unlimited Stock -- 2.9.3 No Discounting -- 2.9.4 Taxes -- 2.9.5 Expected Demand -- 2.9.6 Externalities -- 2.9.7 Substitutes -- 2.9.8 Depletion over Many Periods -- 2.9.9 Depletion over Many Periods: Continuous Time -- 2.9.10 Incorrectly Anticipated Stock -- 2.9.11 Incorrectly Anticipated Choke Price -- 2.10 Some Last Notes on Scarcity Rents -- 2.11 Backstop Technologies -- 2.11.1 Nordhaus Energy Model and Beyond -- 3 Renewable Resources -- 3.1 Continuous Time -- 3.2 Analytics of Optimal Timber Harvesting -- 3.2.1 One-Shot Harvest -- 3.2.2 Repeated Harvests 3.2.3 A Numerical Example Comparing One-Shot and Repeated Harvesting -- 3.2.4 Biological ''Optimum'': The Maximum Sustainable Yield (MSY) -- 3.2.5 The Standing Forest Has Value -- 3.3 Optimal Control of a Generic Renewable Resource* -- 4 Environmental Resources: Dynamics, Irreversibility and Option Value -- 4.1 Introduction: The Transition from Extractive to in Situ Resources -- 4.2 Irreversibility in Economics and in Environmental Processes -- 4.3 Evaluating Irreversible Investments -- 4.4 Investment Under Uncertainty and Irreversibility -- 4.5 Computation of Option Value -- 4.5.1 No Expectations of Learning -- 4.5.2 Anticipating Learning -- 4.6 Application of Uncertainty and Irreversibility: Valuation ... -- 4.6.1 A Framework for Valuation -- 4.6.2 An Illustrative Application -- 5 Resources, Growth and Sustainability -- 5.1 Resource Scarcity -- 5.1.1 Physical Measures of Scarcity -- 5.1.2 Economic Measures of Scarcity -- 5.2 Limits to Growth -- 5.3 Sustainability: An Intuitive Approach -- 5.3.1 Sustainability: A Rigorous Formulation and Preliminary Empirical Results -- 6 Climate: The Ultimate Resource? -- 6.1 Introduction -- 6.2 Climate Change Projections -- 6.3 Potential Impacts and Problems of Estimation -- 6.3.1 The Importance of Non-linearity in Modeling Climate Change Impacts -- 6.3.2 Impacts on the Environment, Extreme Events, and Capital Losses -- 6.4 Discounting -- 6.5 Irreversibilities -- 6.6 Catastrophic Climate Change in Context -- 6.7 Implications for Climate Policy -- 6.8 Policy Instruments -- Appendix References Environmental economics Erscheint auch als Druck-Ausgabe Fisher, Anthony C. Lecture Notes on Resource and Environmental Economics Cham : Springer International Publishing AG,c2020 9783030489571 |
| spellingShingle | Fisher, Anthony C. Lecture Notes on Resource and Environmental Economics Intro -- Preface -- Contents -- 1 The Classical Roots of Resource Economics -- 1.1 Introduction: Why Do We Study Resource Economics? -- 1.2 The Classical Economists: Robert Malthus -- 1.3 The Classical Economists: David Ricardo -- 1.4 The Computation of Rent: Example -- 1.5 The Classical Economists: John Stuart Mill -- 2 Optimal Depletion of Exhaustible Resources -- 2.1 Introduction to Discounting -- 2.1.1 Estimating the Present Value of Investment Streams -- 2.2 Basic Concepts and an Informal Derivation of Optimal Depletion Rates -- 2.3 Formal Derivation of Optimal Depletion and the Welfare Theorem -- 2.3.1 The Planner's Problem -- 2.3.2 The Firm's Problem -- 2.4 Optimal Control* -- 2.4.1 Discounting -- 2.5 Optimal Depletion Using Optimal Control* -- 2.5.1 Efficient Allocation -- 2.5.2 Competitive Equilibrium -- 2.5.3 Equilibrium, Efficiency, and Non-convexity -- 2.6 Assumptions Underlying the Welfare Theorem -- 2.6.1 Perfect Competition -- 2.6.2 Advanced* -- 2.6.3 No Externalities -- 2.6.4 Advanced* -- 2.6.5 Private and Social Discount Rates Are the Same -- 2.6.6 Perfect Information -- 2.6.7 Anchoring the Price Path -- 2.7 Concluding Remarks on Theory -- 2.8 A Note on Empirical Verification of the Basic Model ... -- 2.9 Numerical Examples -- 2.9.1 Base Case -- 2.9.2 Unlimited Stock -- 2.9.3 No Discounting -- 2.9.4 Taxes -- 2.9.5 Expected Demand -- 2.9.6 Externalities -- 2.9.7 Substitutes -- 2.9.8 Depletion over Many Periods -- 2.9.9 Depletion over Many Periods: Continuous Time -- 2.9.10 Incorrectly Anticipated Stock -- 2.9.11 Incorrectly Anticipated Choke Price -- 2.10 Some Last Notes on Scarcity Rents -- 2.11 Backstop Technologies -- 2.11.1 Nordhaus Energy Model and Beyond -- 3 Renewable Resources -- 3.1 Continuous Time -- 3.2 Analytics of Optimal Timber Harvesting -- 3.2.1 One-Shot Harvest -- 3.2.2 Repeated Harvests 3.2.3 A Numerical Example Comparing One-Shot and Repeated Harvesting -- 3.2.4 Biological ''Optimum'': The Maximum Sustainable Yield (MSY) -- 3.2.5 The Standing Forest Has Value -- 3.3 Optimal Control of a Generic Renewable Resource* -- 4 Environmental Resources: Dynamics, Irreversibility and Option Value -- 4.1 Introduction: The Transition from Extractive to in Situ Resources -- 4.2 Irreversibility in Economics and in Environmental Processes -- 4.3 Evaluating Irreversible Investments -- 4.4 Investment Under Uncertainty and Irreversibility -- 4.5 Computation of Option Value -- 4.5.1 No Expectations of Learning -- 4.5.2 Anticipating Learning -- 4.6 Application of Uncertainty and Irreversibility: Valuation ... -- 4.6.1 A Framework for Valuation -- 4.6.2 An Illustrative Application -- 5 Resources, Growth and Sustainability -- 5.1 Resource Scarcity -- 5.1.1 Physical Measures of Scarcity -- 5.1.2 Economic Measures of Scarcity -- 5.2 Limits to Growth -- 5.3 Sustainability: An Intuitive Approach -- 5.3.1 Sustainability: A Rigorous Formulation and Preliminary Empirical Results -- 6 Climate: The Ultimate Resource? -- 6.1 Introduction -- 6.2 Climate Change Projections -- 6.3 Potential Impacts and Problems of Estimation -- 6.3.1 The Importance of Non-linearity in Modeling Climate Change Impacts -- 6.3.2 Impacts on the Environment, Extreme Events, and Capital Losses -- 6.4 Discounting -- 6.5 Irreversibilities -- 6.6 Catastrophic Climate Change in Context -- 6.7 Implications for Climate Policy -- 6.8 Policy Instruments -- Appendix References Environmental economics |
| title | Lecture Notes on Resource and Environmental Economics |
| title_auth | Lecture Notes on Resource and Environmental Economics |
| title_exact_search | Lecture Notes on Resource and Environmental Economics |
| title_exact_search_txtP | Lecture Notes on Resource and Environmental Economics |
| title_full | Lecture Notes on Resource and Environmental Economics |
| title_fullStr | Lecture Notes on Resource and Environmental Economics |
| title_full_unstemmed | Lecture Notes on Resource and Environmental Economics |
| title_short | Lecture Notes on Resource and Environmental Economics |
| title_sort | lecture notes on resource and environmental economics |
| topic | Environmental economics |
| topic_facet | Environmental economics |
| work_keys_str_mv | AT fisheranthonyc lecturenotesonresourceandenvironmentaleconomics |