Natural Resources as Capital

by Larry S. Karp

An introduction to the concepts and tools of natural resource economics, including dynamic models, market failures, and institutional remedies.

This introduction to natural resource economics treats resources as a type of capital; their management is an investment problem requiring forward-looking behavior within a dynamic setting. Market failures are widespread, often associated with incomplete or nonexistent property rights, complicated...

• Format: Paperback
• Language: English
• ISBN: 0262534053
• ISBN13: 9780262534055
• Release Date: October 2017
• Publisher: MIT Press
• Length: 432 Pages
• Weight: 1.55 lbs.
• Dimensions: 0.7" x 7.0" x 8.9"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher