Natural Resource Economics: Selected Papers of Allen V. Kneese

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Natural Resource Economics brings together in one accessible volume an outstanding selection of Allen V. Kneese's papers, published over the past 26 years and ranging widely over natural resource economics including basic theory, empirical issues and policy analysis. Beginning with a broad overview of the field of natural resource economics, the first part includes papers dealing with ethics and environmental economics, efforts to develop a sustainable economy and optimal organization arrangements for environmental management. The second part explores the history of benefit-cost analysis and Dr Kneese's work on water allocation in arid areas, including the trading of water rights and water pricing. The final part focuses on environmental economics and policy, including the classic essay 'Production, Consumption and Externalities'. Dr Kneese accompanies these papers with an authoritative introduction in which he briefly discusses his career and his role in the development of the now thriving field of environmental economics.
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Table of Contents

1 The Economics of Natural Resources 3
2 Ethics and Environmental Economics 32
3 The Sustainable Economy 62
4 Environmental Quality and the Optimal Jurisdiction 94
5 The Faustian Bargain 114
6 Economics and Water Resources 125
7 Reallocation by Markets and Prices 138
8 Hypothetical Shocks to Water Allocation Institutions in the Colorado Basin 163
9 Establishing the Scientific, Technical and Economic Basis for Coastal Zone Management 185
10 Israel's Water Policy 202
11 The Future of Arid Lands 238
12 Background for the Economic Analysis of Environmental Pollution 267
13 Production, Consumption, and Externalities 291
14 Measuring Social and Economic Change: Benefits and Costs of Environmental Pollution 307
15 Environmental Policy 375
16 State Liability for International Environmental Degradation: An Economic Perspective 406
17 Bribes and Charges in Pollution Control: An Aspect of the Coase Controversy 430
18 Pollution, Prices, and Public Policy 442
19 Review of The economy of the earth: Philosophy, law and the environment 469
Name index 475
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