List of Figures.
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.
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.
Part VII: Economic Dynamics and Renewable Resource Management:.
Optimal Population Size and Economic Dynamics.
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:.
Sustainability Paradigms: Maintaining Capital Stocks.
Sustainable Development: Related Concepts.
Sustainability Indicators and Evidence.
The Environmental Kuznets Curve.
Part IX: Biological Diversity and Habitat:.
Biological Diversity: Background.
Economics, Values and Endangered Species Legislation.
Economic Values and Biodiversity.
Nature Conservation and Protected Areas.
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?.
Part XI: Forest Management:.
Forest Competitiveness and Certification.
Optimal Forest Rotation Age.
The Allowable Cut Effect and Even Flow Constraints.
Climate Change and Forestry.
Part XII: Tropical Deforestation:.
Tropical Deforestation: Global Patterns and Rates.
Economic Value of Tropical Forests.
Causes of Tropical Deforestation.
Is Tropical Deforestation Excessive?.
Part XIII: Conclusions.
- The application of economic theory through case studies in nature management is unique.
- The tools necessary to analyze the optimal management of nature and compare the results with the results obtained in investing in societies' other imperatives are provided.
- The treatment of topical issues is state of the art.
- Many insights from conservation biology are provided.