Environmental and resource economics

OpenStax

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Environmental and resource economics - chapter introduction

Tragedy of the commons

1 Learning objectives

3 Efficiency and deadweight loss

4 Externalities

5 Public goods and common-pool resources

6 Review questions

Case study: marine fisheries

Environmental valuation

1 Learning objectives

3 Willingness to pay/accept

4 An economist’s environmental valuation toolkit: direct, revealed preference

6 Review questions

Evaluating projects and policies

1 Learning objectives

3 Net present value, discounting, and cost-benefit analysis

4 Opportunity cost

5 Transfers are not costs

6 Use the correct counterfactual

7 Additionality

8 Control for associated market changes

9 Efficiency, cost effectiveness, innovation, and equity

11 Cost effectiveness

12 Incentives to innovate:

14 Review questions

Solutions: property rights, regulations, and incentive policies

Source: OpenStax, Sustainability: a comprehensive foundation. OpenStax CNX. Nov 11, 2013 Download for free at http://legacy.cnx.org/content/col11325/1.43

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