Natural Resource Economics

  1. Property Rights and Market Failures
    1. Property Rights Regimes
      1. Private Property Rights
        1. Characteristics
          1. Incentives for Conservation
            1. Efficiency Properties
              1. Limitations
              2. Common Property Rights
                1. Collective Management
                  1. Community-Based Management
                    1. Traditional Management Systems
                    2. State Property Rights
                      1. Government Ownership
                        1. Public Management
                          1. Regulatory Frameworks
                          2. Open Access Regimes
                            1. Absence of Property Rights
                              1. Free Access Problems
                                1. Overexploitation
                              2. Externalities in Resource Use
                                1. Negative Externalities
                                  1. Pollution from Extraction
                                    1. Habitat Destruction
                                      1. Ecosystem Disruption
                                        1. Third-Party Costs
                                        2. Positive Externalities
                                          1. Carbon Sequestration
                                            1. Biodiversity Conservation
                                              1. Watershed Protection
                                                1. Ecosystem Services
                                                2. Internalization of Externalities
                                                  1. Pigouvian Taxes
                                                    1. Subsidies
                                                      1. Regulation
                                                        1. Bargaining Solutions
                                                      2. Public Goods and Natural Resources
                                                        1. Public Good Characteristics
                                                          1. Non-Rivalry
                                                            1. Non-Excludability
                                                            2. Environmental Public Goods
                                                              1. Biodiversity
                                                                1. Climate Regulation
                                                                  1. Scenic Beauty
                                                                    1. Air Quality
                                                                    2. Provision Problems
                                                                      1. Free Rider Problem
                                                                        1. Underprovision
                                                                          1. Government Intervention

                                                                      Previous

                                                                      5. Economics of Renewable Resources

                                                                      Go to top

                                                                      Next

                                                                      7. Valuation of Natural Resources