TY - BOOK AU - Conrad,Jon.M TI - Resource economics SN - 9780521697675 U1 - 333.7 PY - 1999/// CY - New york PB - Cambridge university KW - Natural resources--Management--Mathematical models KW - Resource allocation--Mathematical models KW - Microsoft Excel (Computer file) N1 - 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 ER -