The one-demand Hotelling model fails to explain the observed specialization of non-renewable resources. We develop a model with multiple demands and resources to show that
Mitigating the harmful effects of development projects and industries (negative environmentalism) is inadequate, especially in resource-dependent economies whose resources are at risk from other forces.
The threat of invasive species stems from their ability to rapidly and irreversibly change ecosystems and degrade the value of ecosystem services. Optimal control of
Invasive species change ecosystems and the economic services such ecosystems provide. Optimal policy will minimize the expected damages and costs of prevention and control. We
This report first presents theoretical considerations for integrated resource management of forested watershed and nearshore resources, then estimates current economic benefits from nearshore resources (beaches
Optimal water usage and pricing programs discussed in literature tend to take for granted the users’ willing to pay higher efficiency prices in order to