Explorations in Environmental and Natural Resource Economics ppt

[...]... Simply put, Weitzman integrates the economics of fishing and forestry and Plummer integrates the economics of fishing and mining The final section of this volume relates to Gardner’s abiding interest in non-market valuation Gardner’s work in this area began in the 1960s and continues today In his research, Gardner has been at the forefront of applying techniques ranging from open-ended Contingent Valuation...Foreword We thank the University of Washington Department of Economics for sponsoring ‘Frontiers in Natural Resource and Environmental Economics , a conference in honor of Gardner M Brown, Jr., that led to this book In particular, we thank Richard Parks for his efforts in planning a wonderful event and helping to lay the foundation for this book; Neil Bruce, who supported and encouraged us to plan a conference... dispersal) plays in generating net benefits in the sink, and net costs in the source Ceteris paribus, optimal management of a sink/source system calls for relatively more biomass in the sink and less in the source, capitalizing on the natural direction of the flow of dispersal Changing economic parameters modifies this basic tendency, in a manner that depends upon whether biological and economic gradients... neoclassical Random Utility model xiv Introduction We anticipate that the reader will find in these 12 chapters what we see in the more than 40 years of Gardner M Brown, Jr’s career: a willingness to engage important environmental and natural resource problems using the instrument of economics, and a commitment to developing economic models up to the task of addressing important environmental problems Together... L(t)[Ai Ϫ aiNi (t)] Ϫ ␮iNi (t) Ϫ hi (t) i ϭ 1, 2 m (1.1) The first term in brackets is the total larval settlement into patch i, assumed dependent on total space not occupied by existing adults, and the last two terms are natural and fishing mortality rates, respectively There are m patches in the metapopulation system, linked via their individual and joint dependence upon the larval pool In each patch,... impact of a marginal change in patch i biomass on profits in all of the other linked patches, weighted by the marginal profit of those physical changes Note that (1.7) is a system and hence impacts on patch i profits will also appear in all of the other linked patches in the most general integrated system But in special cases (for example, a sink/source case in which patches are linked in a unidirectional... are the prices in the sink, the lower is the corresponding critical cost coefficient that supports closing the source patch Again, this amplifies common sense since a higher sink price increases the shadow value of dispersal out of the source and into the sink In summary, Brown/Roughgarden suggest that it may be optimal to refrain from harvesting all patches in a metapopulation or, in other words, to leave... dissertation in 1964 under Michael Brewer, Julius Margolis, and S.V Ciriacy-Wantrup When he took his first, and only, academic position in the Department of Economics at the University of Washington, the field of natural resource economics was new and just establishing its identity When Gardner began publishing, and making his way on the tenure track, there was no Endangered Species Act, no Environmental. .. spatially distinct and discrete patches of habitat Adults 6 Conservation of biological resources inhabit the habitat and essentially fill up suitable space (Roughgarden and Iwasa, 1986) The adults in each patch are subject to natural and fishing mortality In addition, larvae that settle into the patch replenish the adult population The larvae are produced in proportion to the total adults in the entire... biological resources Gardner’s work in this area is seminal and widely respected in the Economics discipline, but its impact has been equally great in the areas of conservation biology and policy Notably, Gardner’s work has cross-fertilized both economics and conservation biology by introducing important ideas from both to each other In the first chapter of this volume, Wilen and Sanchirico extend the bioeconomic . Explorations in Environmental and Natural Resource Economics NEW HORIZONS IN ENVIRONMENTAL ECONOMICS Series Editors: Wallace E. Oates, Professor of Economics, . non-renewable resources and renewable resources. Simply put, Weitzman integrates the economics of fishing and forestry and Plummer integrates the economics of fishing