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Natural Resources as Capital
By Larry Karp
eBook
$38.99
By Larry Karp
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An introduction to the concepts and tools of natural resource economics, including dynamic models, market failures, and institutional remedies.
This introduction to natural resource economics treats resources as a type of capital; their management is an investment problem requiring forward-looking behavior within a dynamic setting. Market failures are widespread, often associated with incomplete or nonexistent property rights, complicated by policy failures. The book covers standard resource...
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