Intro -- Contents -- Preface -- Acknowledgments -- 1 Introduction -- Part One: Theoretical Considerations -- 2 The Concept of Rent: Is Land Unique? -- 3 The Theory of Welfare Measurement -- 4 Property Rights, Market Failure, Externality, and Environmental Economics -- Part Two: Project...

This paper investigates the effect of institutional quality on sustainable development.Institutional quality is assumed to determine the (perceived) risk in the face of which oil and mining firms determine their level of investment in physical and natural capital. Since these two types of...