Risk and Uncertainty in Environmental and Natural Resource Economics

Edited by Justus Wesseler, Assistant Professor of Environmental and Natural Resource Economics, Wageningen University, The Netherlands, Hans-Peter Weikard, Associate Professor of Environmental and Natural Resource Economics, Wageningen University, The Netherlands and Robert D. Weaver, Professor of Agricultural Economics, Pennsylvania State University, US

• Contents: 1. Introduction: Approaches to Risk and Uncertainty in Environmental and Resource Economics Part I: Importance of Environmental Risk and Uncertainty 2. Irreversibilities and Catastrophic Risks in Climate Change 3. On the Quasi-Option Value of Biodiversity and Conservation 4. Optimal Environmental Development under Differing Stochastic Regimes Part II: Implications for Economic Development and Environmental Policies 5. Public–Private Environmental Conflicts 6. Fish Wars Revisited: A Stochastic Incomplete-Information Harvesting Game 7. Climate Change Scenarios and the Precautionary Principle 8. Risk, Pollution Abatement and Endogenous Growth: The Impact of Perception 9. Securitizing the Environment: A Property Rights Approach to Managing Climate Change 10. Risk Aversion in Economic Decision Making: Pragmatic Guides for Consistent Choice by Natural Resource Managers 11. Uncertainty Analysis in Integrated Assessment Models for Acidification Part III: Impact on Private Sector Response 12. Stochastic Dominance Portfolio Analysis of Forestry Assets 13. Weather-based Index Insurance to Hedge Temperature Exposure of Greenhouse Horticultural Firms 14. Parents’ Valuation of Latent Health Risks to their Children 15. The Effect of Heavy Metal Content on Food Pricing Behaviour: Experimental Assessment Index

'This book provides an exciting perspective on the progress towards improved management of economic-environmental systems under risk and uncertainty. This is a book worth reading by all researchers and advanced students in the area of environmental policy and natural resource management.'