Natural Resource Economics

  1. Economics of Renewable Resources
    1. Biological Growth Models
      1. Population Dynamics
        1. Exponential Growth
          1. Logistic Growth Function
            1. Mathematical Formulation
              1. Biological Parameters
              2. Carrying Capacity
                1. Environmental Constraints
                  1. Resource Limitations
                    1. Population Equilibrium
                    2. Maximum Sustainable Yield
                      1. Definition and Calculation
                        1. Biological Optimum
                          1. Limitations of MSY Approach
                        2. Open-Access Resources
                          1. The Tragedy of the Commons
                            1. Common Pool Resources
                              1. Overexploitation Problem
                                1. Historical Examples
                                2. Bioeconomic Model
                                  1. Integration of Biology and Economics
                                    1. Population Dynamics
                                      1. Economic Behavior
                                        1. Equilibrium Analysis
                                        2. Economic Overexploitation
                                          1. Rent Dissipation
                                            1. Excessive Entry
                                              1. Resource Depletion
                                                1. Economic Inefficiency
                                              2. Fisheries Economics
                                                1. Gordon-Schaefer Model
                                                  1. Model Structure
                                                    1. Biological Component
                                                      1. Economic Component
                                                        1. Equilibrium Solutions
                                                        2. Static Efficiency
                                                          1. Short-Run Optimization
                                                            1. Harvest Level Determination
                                                            2. Dynamic Efficiency
                                                              1. Long-Run Optimization
                                                                1. Stock Management
                                                                  1. Intertemporal Trade-offs
                                                                  2. Optimal Harvest Strategies
                                                                    1. Economic Optimum
                                                                      1. Biological Optimum
                                                                        1. Maximum Economic Yield
                                                                          1. Comparison of Outcomes
                                                                        2. Forestry Economics
                                                                          1. Single-Rotation Model
                                                                            1. Rotation Decision
                                                                              1. Optimal Cutting Age
                                                                                1. Growth and Price Factors
                                                                                2. Faustmann Model
                                                                                  1. Infinite Rotation Framework
                                                                                    1. Present Value Maximization
                                                                                      1. Land Expectation Value
                                                                                      2. Optimal Rotation Age
                                                                                        1. Economic Factors
                                                                                          1. Biological Factors
                                                                                            1. Market Conditions
                                                                                              1. Interest Rate Effects
                                                                                              2. Multiple-Use Forestry
                                                                                                1. Timber Production
                                                                                                  1. Recreation Services
                                                                                                    1. Carbon Sequestration
                                                                                                      1. Biodiversity Conservation
                                                                                                        1. Watershed Protection
                                                                                                      2. Water Resource Economics
                                                                                                        1. Surface Water Systems
                                                                                                          1. River Basin Management
                                                                                                            1. Reservoir Operations
                                                                                                              1. Water Allocation
                                                                                                              2. Groundwater Economics
                                                                                                                1. Aquifer Management
                                                                                                                  1. Common Pool Problem
                                                                                                                    1. Overdraft Issues
                                                                                                                      1. Sustainable Yield
                                                                                                                      2. Water Rights Systems
                                                                                                                        1. Riparian Rights
                                                                                                                          1. Prior Appropriation
                                                                                                                            1. Water Markets
                                                                                                                            2. Water Pricing
                                                                                                                              1. Marginal Cost Pricing
                                                                                                                                1. Average Cost Pricing
                                                                                                                                  1. Block Rate Pricing
                                                                                                                                    1. Water Trading Systems

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                                                                                                                                4. Economics of Non-Renewable Resources

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                                                                                                                                6. Property Rights and Market Failures