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...

Key Features:First book of its kind in the fieldExamines and analyzes how key tools are used to conduct theoretical and empirical research in natural resource and environmental economics in contemporary timesCompiles various articles and accounts concerned with the relevant pedagogical...

Significant advances have now occurred in the theoretical and in the empirical knowledge-base of researchers studying problems in natural resource and environmental economics. This has been accompanied by the utilization of many and varied research tools. These developments notwithstanding,...

We begin by pointing out that the rise in popular concern about the judicious management of natural and environmental resources has been matched by increasing scholarship by economists on several issues concerning the efficient use and management of these same resources. Second, we note that...

A key goal of renewable resource managers in developing countries is to take actions to ensure that the resource being managed stays away from irreversible or crisis states in which it provides neither consumptive nor non-consumptive services to humans. However, despite a manager's best efforts,...

This article provides a theoretical study of temporal restrictions in the context of natural resource management in North America. The economic inefficiencies arising from the use of temporal restrictions to protect natural resources have been well documented by researchers. We first demonstrate...

Significant advances have now occurred in the theoretical and in the empirical knowledge-base of researchers studying problems in natural resource and environmental economics. This has been accompanied by the utilization of many and varied research tools. These developments notwithstanding,...

This paper provides a theoretical analysis of time restrictions in the context of natural resource management in North America. The economic inefficiencies arising from the use of time restrictions to protect natural resources have been well documented by researchers. We first show that in the...