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Economics
Specialized Areas and Emerging Topics
Natural Resource Economics
1. Introduction to Natural Resource Economics
2. Foundational Economic Principles
3. Resource Classification and Characteristics
4. Economics of Non-Renewable Resources
5. Economics of Renewable Resources
6. Property Rights and Market Failures
7. Valuation of Natural Resources
8. Policy Instruments for Resource Management
9. Sustainability and Intergenerational Issues
10. International Dimensions
6.
Property Rights and Market Failures
6.1.
Property Rights Regimes
6.1.1.
Private Property Rights
6.1.1.1.
Characteristics
6.1.1.2.
Incentives for Conservation
6.1.1.3.
Efficiency Properties
6.1.1.4.
Limitations
6.1.2.
Common Property Rights
6.1.2.1.
Collective Management
6.1.2.2.
Community-Based Management
6.1.2.3.
Traditional Management Systems
6.1.3.
State Property Rights
6.1.3.1.
Government Ownership
6.1.3.2.
Public Management
6.1.3.3.
Regulatory Frameworks
6.1.4.
Open Access Regimes
6.1.4.1.
Absence of Property Rights
6.1.4.2.
Free Access Problems
6.1.4.3.
Overexploitation
6.2.
Externalities in Resource Use
6.2.1.
Negative Externalities
6.2.1.1.
Pollution from Extraction
6.2.1.2.
Habitat Destruction
6.2.1.3.
Ecosystem Disruption
6.2.1.4.
Third-Party Costs
6.2.2.
Positive Externalities
6.2.2.1.
Carbon Sequestration
6.2.2.2.
Biodiversity Conservation
6.2.2.3.
Watershed Protection
6.2.2.4.
Ecosystem Services
6.2.3.
Internalization of Externalities
6.2.3.1.
Pigouvian Taxes
6.2.3.2.
Subsidies
6.2.3.3.
Regulation
6.2.3.4.
Bargaining Solutions
6.3.
Public Goods and Natural Resources
6.3.1.
Public Good Characteristics
6.3.1.1.
Non-Rivalry
6.3.1.2.
Non-Excludability
6.3.2.
Environmental Public Goods
6.3.2.1.
Biodiversity
6.3.2.2.
Climate Regulation
6.3.2.3.
Scenic Beauty
6.3.2.4.
Air Quality
6.3.3.
Provision Problems
6.3.3.1.
Free Rider Problem
6.3.3.2.
Underprovision
6.3.3.3.
Government Intervention
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5. Economics of Renewable Resources
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7. Valuation of Natural Resources