Natural Resource Economics: An Introduction

People make decisions regarding the use of natural resources every day, from the individual recycling a sheet of paper to governments of large nations creating energy policy. Those decisions ultimately affect people around the world. Their motivation and results are best framed and analyzed using the tools of natural resource economics. Field presents the methods and applications of the discipline in the latest edition of his popular text. The updated book retains its successful structure, first presenting basic economic principles as they apply to natural resource use and then examining the economic issues surrounding individual resources. New material is included on: energy demand and efficiency; nonrenewable resources; individual transferable fishing quotas; water pricing; agricultural cropland programs; and the Endangered Species Act. Also by Barry C. Field and available from Waveland Press: Environmental Policy: An Introduction (ISBN 9781577664284). Titles of related interest also available from Waveland Press: Chiang, Elements of Dynamic Optimization (ISBN 9781577660965) and Gramlich, A Guide to Benefit-Cost Analysis, Second Edition (ISBN 9780881339888).