The Water Use Model -- Conceptual Foundations: Thermodynamics and Capital Theory -- General Design of Dynamic Models for Water Uses -- Specifications for Constructing the Water Use Model -- Constraints of the Water Use Model -- Optimality Conditions of the Water Use Model -- The Water...

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...