Acknowledgments -- Introduction -- Introduction to dynamic and stochastic resource economics : essays on biodiversity, invasive species, joint systems, and regulation -- Natural resource management -- On some aspects of the management of a stochastically developing forest -- On the choice...

1 The Classical Roots of Resource Economics -- 2 Optimal Depletion of Exhaustible Resources -- 3 Renewable Resources -- 4 Environmental Resources: Dynamics, Irreversibility and Option Value -- 5 Resources, Growth and Sustainability -- 6 Climate: The Ultimate Resource?.

This book, based on lectures on natural and environmental resource economics, offers a nontechnical exposition of the modern theory of sustainability in the presence of resource scarcity. It applies an alternative take on environmental economics, focusing on the economics of the natural...

"In one volume, this book brings together a diversity of approaches, theory and frameworks that can be used to analyse the governance of renewable natural resources. Renewable natural resources are under pressure, with overexploitation and degradation raising concern globally. Understanding...

"The book, Sustainability and Resources: Theoretical Issues in Dynamic Economics, presents a collection of mathematical models dealing with sustainability and resource management. The focus in Part A is on harvesting renewable resources, while Part B explores the optimal extraction of...