Resource economics
- New Delhi Cambridge university press 2011
- 285p.
The Book Covers Basic Concepts, Shows How To Set Up Spreadsheets To Solve Simple Dynamic Allocation Problems, And Presents Economic Models For Fisheries, Forestry, Nonrenewable Resources, And Stock Pollutants . Examines The Maximin Utility Criterion When The Utility Of A Generation Depends On Consumption Of A Manufactured Good, Harvest From A Renewable Resource, And Extraction From A Nonrenewable Resource. These Problems Help Make Concepts Operational, Develop Economic Intuition, And Serve As A Bridge To The Study Of Real-World Problems In Resource Management.