The Economics of Nature : Managing Biological Assets (Hardcover)

List of Tables.

List of Figures.

Preface.

Part I: Managing the Earth's Biological Assets.

Part II: Consumer Welfare Measurement:.

Consumer Demand Theory.

Measuring Changes in the Well Being of Consumers.

Public Goods and Welfare Change.

General Equilibrium Considerations.

Appendix: Consumer Surplus and Path Dependency.

Part III: Producer Welfare and Aggregation of Well Being:.

Measuring Producer Surplus via the Input Market.

Aggregation of Economic Welfare.

Compensation Tests and Social Welfare Functions.

Part IV: Resource Rents and Rent Capture:.

What is Rent?.

Agricultural Land and Rent Capture.

Taxation, Charges and Rent Capture in Forestry.

Property Rights and Rent Dissipation in Fisheries.

Part V: Valuing Nonmarket Benefits:.

Expenditure Function Approach.

Recreation Demand and the Travel Cost Method.

The Contingent Valuation Method.

Other Direct Valuation Methods.

Discussion.

Part VI: Evaluating Natural Resource Policy:.

Policy Evaluation and the Role of Government.

A Brief Background to Cost-Benefit Analysis.

Choice of Social Discount Rate.

Mechanics of Cost-Benefit Analysis.

Applications of Cost-Benefit Analysis.

Conclusions.

Part VII: Economic Dynamics and Renewable Resource Management:.

Background.

Optimal Population Size and Economic Dynamics.

Extinction.

Property Rights and Dynamics.

Uncertainty in Resource Exploitation.

Beyond Bioeconomic Models? Species Interaction.

Appendix I: Deterministic Optimal Control Methods.

Appendix II: Stochastic Dynamic Optimisation.

Part VIII: Sustainable Development and Conservation:.

Background.

Sustainability Paradigms: Maintaining Capital Stocks.

Sustainable Development: Related Concepts.

Sustainability Indicators and Evidence.

The Environmental Kuznets Curve.

Conclusions.

Part IX: Biological Diversity and Habitat:.

Biological Diversity: Background.

Economics, Values and Endangered Species Legislation.

Economic Values and Biodiversity.

Nature Conservation and Protected Areas.

Conclusions.

Part X: Threatened and Endangered Species:.

Protecting Biological Diversity by Treaties.

The African Elephant.

Game Ranching to Conserve Wildlife in Kenya.

Should Whales be Harvested?.

Conclusions.

Part XI: Forest Management:.

Forest Competitiveness and Certification.

Optimal Forest Rotation Age.

The Allowable Cut Effect and Even Flow Constraints.

Climate Change and Forestry.

Conclusions.

Part XII: Tropical Deforestation:.

Tropical Deforestation: Global Patterns and Rates.

Economic Value of Tropical Forests.

Causes of Tropical Deforestation.

Is Tropical Deforestation Excessive?.

Conclusions.

Part XIII: Conclusions.

References.

Index.