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Author: C. Michael Wernerheim Publisher: ISBN: Category : Technology & Engineering Languages : en Pages : 150
Book Description
The objective of this thesis is twofold. First, it examines optimal investment problems arising in renewable resource sectors such as forestry where important externalities are attached to the growing stock, and where investment in the resource (the biomass) and application of capital and labour (the harvesting capacity) must be considered simultaneously. Second, a general framework for empirical analysis is developed. to analyze logging production under profit maximization, and when externalities are attached to the standing forest. Taxation regimes and quantitative control policies to correct for market failure in forestry are examined. The analytical solution is characterized by dynamic bioeconomic golden rule equations. A generalized, dynamic Faustmann-Ohlin rule is derived for the case when more than one type of harvesting method is used. This is a new theoretical feature of the approach explicated here. obtained of optimal harvest rates, stock levels, site values and other information of relevance to forest policy. Efficiency implications of current forestry legislation and taxation are assessed. The utility of the estimated model for practical forest management is also demonstrated. Although applied to forestry, the approach is readily amendable to renewable management in general. efficient forest management does not appear to be in conflict with the intent of Swedish forestry legislation.
Author: C. Michael Wernerheim Publisher: ISBN: Category : Technology & Engineering Languages : en Pages : 150
Book Description
The objective of this thesis is twofold. First, it examines optimal investment problems arising in renewable resource sectors such as forestry where important externalities are attached to the growing stock, and where investment in the resource (the biomass) and application of capital and labour (the harvesting capacity) must be considered simultaneously. Second, a general framework for empirical analysis is developed. to analyze logging production under profit maximization, and when externalities are attached to the standing forest. Taxation regimes and quantitative control policies to correct for market failure in forestry are examined. The analytical solution is characterized by dynamic bioeconomic golden rule equations. A generalized, dynamic Faustmann-Ohlin rule is derived for the case when more than one type of harvesting method is used. This is a new theoretical feature of the approach explicated here. obtained of optimal harvest rates, stock levels, site values and other information of relevance to forest policy. Efficiency implications of current forestry legislation and taxation are assessed. The utility of the estimated model for practical forest management is also demonstrated. Although applied to forestry, the approach is readily amendable to renewable management in general. efficient forest management does not appear to be in conflict with the intent of Swedish forestry legislation.
Author: Thomas L. Vincent Publisher: Springer Science & Business Media ISBN: 364246436X Category : Mathematics Languages : en Pages : 248
Book Description
As society becomes stressed by economic and population pressures, in turn, nature's renewable resources become stressed by harvesting pressures. For our own survival and euphoria, it is paramount that such resources remain as their name implies and not be driven to extinction through short term programs of over exploitation. Consideration of the harvesting of renewable resources leads to a simple question that was the theme of the workshop and is the focus of these proceedings: SUPPoRe you are assigned the role of manager for a specific renewable resource eco system. How would you decide on harvesting policies so that the system can be exploited economically yet at the same time maintain the integrity of the system? This, of course, is a loaded question. First of all, it is not clear that there is ever anyone single decision maker who is able to set the rules for all of the harvesters in an exploited ecosystem. The political process is complicated and to some extent unpredictable. This aspect of the question is recognized to be important, but could not be addressed here. Assuming then that someone really is in charge, what would be involved in the * decision making process? As Clark points out, "there is no alternative but first to model the system. " We agree. However, if the original question was loaded, modeling is the adulterate.
Author: Jon M. Conrad Publisher: Cambridge University Press ISBN: 1108606202 Category : Business & Economics Languages : en Pages : 362
Book Description
Mathematical analysis is key to the modeling and management of natural resources. By presenting required mathematical methods, classic dynamic models for non-renewable and renewable resources, and by exploring several contemporary problems, this text provides a foundation for advanced research. Topics include seminal models in fishery, forestry and non-renewable resource management, as well as an extensive collection of contemporary applications that include the optimal transition from fossil fuels to clean energy, the optimal timing of interventions to save endangered species, pest control and the optimal management of antibiotic resistance. Deterministic and stochastic models in both discrete and continuous time are covered. The book encourages students to pursue a deeper understanding of the analytics of resource problems and to deploy numerical methods when analytical results prove intractable. The combination of analysis, theory and applications will launch the next generation of resource economists, while serving as a useful reference for established researchers.
Author: Lars Engwall Publisher: Routledge ISBN: 1134907869 Category : Business & Economics Languages : en Pages : 300
Book Description
Economics in Sweden contains the results of one of the most comprehensive attempts to evaluate research in economics ever undertaken. A team of Swedish and international researchers, including Avinash K. Dixit, Seppo Honkapohja and Robert M. Slow, examined the structure of economics in Sweden and its results. They identified postgraduate education as a key area, and their findings will be of particular relevence at a time when many countries are restructuring their graduate education programme.
Author: Anthony Scott Publisher: Oxford University Press, USA ISBN: 0198286031 Category : Business & Economics Languages : en Pages : 570
Book Description
Individuals' rights to use natural resources have long existed. This book traces the historical development of these rights and looks at how individuals' rights have evolved. Each chapter focuses on a single natural resource property right, noting the impact of technology, the role of the common law courts, and the increasing role of government.
Author: A. Yáñez-Arancibia Publisher: WIT Press ISBN: 1845647564 Category : Business & Economics Languages : en Pages : 629
Book Description
This book fills a gap in the literature on environmental sustainability by addressing the topic from the perspective of social and economic development. Progress in understanding and achieving sustainability requires the integration of scientific, social, economic, and legal issues. Yet progress in understanding and achieving sustainability will only be achieved through integration of scientific, social, economic, and legal aspects. A treatise on environmental sustainability should raise the current state of knowledge by proposing and recommending decision-making efforts and breaking new ground with agendas aimed for the younger generation. These younger scientists will be confronted with future uncertainty related to the set of crises that characterise the 21st Century (e.g. ecological, social, food, energy, environmental, climatic, financial, etc.). Currently, there are a number of indicators that demonstrate that ecological conditions are being compromised globally. These include reduced primary productivity, reduction in biological complexity, spreading pollution such as eutrophication, ecological degradation in any continental/basin/coastal/sea ecosystem, reduction in biodiversity, lowered resilience and slow recovery of damaged ecosystems, and reduced ecological integrity. All of these problems are related to social and economic pressure. The challenge for most ecological systems is not only to establish the baseline for current ecosystem conditions, but also to explore options for recovery and sustainability. The latter involves ecological restoration where ecosystem and environmental services are maintained and enhanced. These services are essential to social integration and economic development. This book not only introduces a theoretical and conceptual framework for the topic, but also analyses the uncertainty for sustainability because of dwindling natural resources. It includes contributions providing a basis for public policies, case studies integrating concepts and tools for solutions, and a set of position papers addressing new agenda topics that will shape the 21st century. The book will be useful for researchers, professors and students alike, as well as for all stakeholders from social, economic and academic sectors.
Author: Karl Farmer Publisher: Springer Science & Business Media ISBN: 3642132294 Category : Business & Economics Languages : en Pages : 173
Book Description
Providing an introduction to the overlapping generations approach, Intertemporal Resource Economics examines the economics of renewable natural resources. Readers will find explicit solutions for intertemporal general equilibrium with renewable resources.
Author: C. Michael Wernerheim
Author: C. Michael Wernerheim
Author: Steven F. Edwards
Author: Thomas L. Vincent
Author: Martin Lokanc
Author: Jon M. Conrad
Author: William Schworm
Author: Lars Engwall
Author: Anthony Scott
Author: A. Yáñez-Arancibia
Author: Karl Farmer