Policies to address environmental and natural resource management are often implemented at the group level. The defining feature of such policies is that penalties or rewards are based on group rather than individual performance, or rights are allocated to a group rather than to individuals....

We develop a theory of resource management where the degree to which countries escape the tragedy of the commons is endogenously determined and explicitly linked to changes in world prices and other possible effects of market integration. We show how changes in world prices can move some...

1. Issues in water pricing reforms : from getting correct prices to setting appropriate institutions -- 2. Spatial environmental policy -- 3. Environmental equity and the siting of hazardous waste facilities in OECD Countries : evidence and policies -- 4. Strategies to conserve biodiversity --...

1. Introduction -- 2. Economic criteria for water allocation and valuation -- 3. Water as an economic good -- 4. Appraising flood control investments in the UK -- 5. Cost-benefit analysis and flood control policy in the Netherlands -- 6. Cost-benefit analysis of river restoration in Denmark --...

1. The management of high seas fisheries resources and the implementation of the UN Fish Stocks Agreement of 1995 -- 2. Choosing environmental risks -- 3. Stability and design of international environmental agreements : the case of transboundary pollution -- 4. Managing environmental risk...

We study how the strength of property rights to individual extractive firms affects a regulator's choice over exploitation rates for a natural resource. The regulator is modeled as an intermediary between current and future resource harvesters, rather than between producers and consumers, as in...

We assess quantitatively the effect of exogenous reductions in fertility on output per capita. Our simulation model allows for effects that run through schooling, the size and age structure of the population, capital accumulation, parental time input into child-rearing, and crowding of fixed...

Property rights are commonly touted as a solution to common pool resource problems. But in practice the security of these property rights varies substantially owing to differences in design. In fisheries, the design of individual transferable quotas (ITQs) varies widely; the consequences of...

Nicholas Georgescu-Roegen was described by Paul Samuelson as 'an economist's economist'. This book honors him by discussing his theories on a wide range of issues but particularly on environmental and energy economics. It is a dynamic tribute which extends his work to address the problems the...