This paper discusses algal blooms in waterways from an externality perspective. Algal activity is directly related to phosphorus intake, but this can vary by season and by degree of dilution. Policy alternatives, including property rights, taxes, tradeable permits and water pricing are...

This paper provides a review of research contributions on forest management and planning using multi-criteria decision making (MCDM) based on an exhaustive literature survey. The review primarily focuses on the application aspects highlighting theoretical underpinnings and controversies. It also...

Sustainable development has (SD) been an important objective promoted by many development economists during the last few decades. However, the implementation of sustainable development has been a problem since adequate guidelines are not available. This is specially so in the use of...

Many countries in Asia, Africa and Latin America have turned over irrigation systems to farmer groups. There is general consensus that neoclassical economics has failed to address many issues in irrigation water management. Institutional issues have been at the heart of some of these failures....

Purpose – The aim of this paper is to provide a critical evaluation of the potential of new institutional economics (NIE) in third world development. Design/methodology/approach – The paper reviews various theories under NIE from both conceptual and empirical perspectives. It then reviews...

Purpose – The purpose of this paper is to examine the role of natural resources accounting in sustainable development. Natural resource accounting is important because the welfare of a nation measured in terms of gross domestic product (GDP) has several weaknesses. Design/methodology/approach...

Forest management policy decisions are complex due to the multiple-use nature of goods and services from forests, difficulty in monetary valuation of ecological services and the involvement of a large number of stakeholders. Multi-attribute decision techniques can be used to synthesise...

The objectives of this paper are (i) analyse the different definitions of ecotourism and identify their salient elements, (ii) describe the link between ecotourism and natural resources and (iii) identify the research gaps in ecotourism planning and evaluate various quantitative tools available...