Resource economics/ Jon M Conrad

1 Basic Concepts
1.0 Renewable, Nonrenewabie, and Environmental
Resources
1.1 Population Dynamics; Simulation, Steady State, and
Local Stability
1.2 Extraction of a Nonrenewabie Resource
1.3 Discounting
1.4 A Discrete-Time Extension of the Method of
Lagrange Multipliers
1.5 Asymptotic Depletion of a Nonrenewabie Resource
1.6 The Maximum Principle and Dynamic Programming
in Discrete Time
1.7 Dynamic Programming in a Two-Period,
Two-State Model
1.8 A Markov Decision Model and Stochastic Dynamic
Programming
1.9 Exercises
2 Solving Numerical Allocation Problems Using
Excel's Solver
2.0 Introduction and Overview
2.1 Optimal Rotation for an Even-Aged Forest
2.2 Solving an Implicit Equation for the Optimal
Steady-State Fish Stock
2.3 Solving an Implicit Equation for the Optimal Date
of Exhaustion
2.4 Optimal First-Period Harvest in a Two-Period,
Two-State Model
2.5 The Optimal Linear Harvest Policy
2.6 Optimal Escapement in a Finite-Horizon
Deterministic Model
2.7 Optimal Escapement for One Realization
(Seed 1) of Z,+i
2.8 An Optimal Depletion Problem: The Mine
Manager's Problem
2.9 Approximating the Asymptotic Approach to a
Bioeconomic Optimum
2.10 The Most Rapid Approach Path to an Optimal
Pollution Stock
2.11 Optimal Escapement with Stochastic Growth
2.12 Exercises
The Economics of Fisheries
3.0 Introduction and Overview
3.1 Net Growth
3.2 Fishery Production Functions
3.3 The Yield-Effort Function
3.4 The Static Model of Open Access
3.5 The Dynamic Model of Open Access
3.6 Regulated Open Access
3.7 Maximization of Static Rent
3.8 Present-Value Maximization
3.9 Traditional Management Policies
3.10 Bioeconomic or Incentive-Based Management
Policies
3.11 Marine Reserves
3.12 Exercises
4 The:
4.0
4.1
4.2
4.3
4.4
4.5
4.6
4.7
5 The
5.0
5.1
5.2
5.3
5.4
5.5
5.6
5.7
5.8
5.9
5.10
Introduction and Overview
The Volume Function and Mean Annual Increment
The Optimal Single Rotation
The Faustmann Rotation
An Example
Timber Supply
The Optimal Stock of Old-Growth Forest
Exercises
Introduction and Overview
A Simple Model
Hotelling's Rule
The Inverse Demand Curve
Extraction and Price Paths in the Competitive
Industry
Extraction and Price Paths under Monopoly
Reserve-Dependent Costs
Exploration
The Economic Measure of Scarcity
A Postscript to "Betting the Planet"
6 Stock Pollutants
6.0 Introduction and Overview
6.1 The Commodity-Residual Transformation Frontier
6.2 Damage Functions and Welfare
6.3 A Degradable Stock Pollutant
6.4 Diffusion and a Nondegradable Stock Pollutant
6.5 Optimal Extraction with a Nondegradable Waste
6.6 Climate Change
6.7 Emission Taxes and Marketable Pollution Permits
6.8 Exercises
7 Maximin Utility with Renewable and
Nonrenewable Resources
7.0 Introduction and Overview
7.1 The Maximin Criterion
7.2 The Gini Coefficient
7.3 Growth with Resources, Intergenerational Utility,
and the Maximin Criterion
7.4 Overlapping Generations
7.5 Complications
7.6 An Exercise
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