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This collection of specially commissioned papers pays tribute to Karl-Gustaf Lofgren's significant and diverse contribution to theoretical and empirical research within the field of environmental and resource economics over the past two decades. A number of distinguished scholars examine a broad range of topics including sustainability, risk and uncertainty, demand theory and issues related to public goods. The book also contains analyses of more specific resource problems concerning fisheries, forestry management, wildlife and pollution. Together, the seventeen chapters provide an innovative and cutting-edge analysis of a smorgasbord of both old and new environmental and resource problems, including, amongst others:local public goods and income heterogeneityself-selection and the value of lives savedinternational fisheries agreementssalmon and hydropowerdiscrete versus continuous harvestingtimber supplyvoluntary road pricingeconomic impacts of environmental regulations in California.Academics, researchers and students within the fields of environmental, resource and public economics will find this book to be a fascinating read.
Edited by Thomas Aronsson, Professor of Economics, Roger Axelsson, Associate Professor of Economics and Runar Brännlund, Professor of Economics, Department of Economics, Umeå University, Sweden
Contents:Introduction1. Sustainability: What Does It Tell Us?Geoffrey Heal2. Environment and Decision-Making under Risk and UncertaintyKarl-Göran Mäler3. Fisher, Lindahl, and Hicks on Income: A Modern AnalysisChuan-Zhong Li4. Consumer Demand with Several Linear Constraints: A Global AnalysisW. Michael Hanemann5. Local Public Goods and Income HeterogeneityThomas Aronsson, Magnus Wikström, Kenneth Backlund and Tomas Sjögren 6. Public Goods, Optimal Distortionary Taxation and Union Wage SettingThomas Aronsson, Kenneth Backlund, Tomas Sjögren and Magnus Wikström7. Self-Selection and the Value of Lives SavedJason F. Shogren and Tommy Stamland8. International Fisheries Agreements: The Feasibility and Impacts of Partial CooperationKim Hang Pham Do and Henk Folmer9. Salmon and Hydropower: Dynamic Cost–Benefit AnalysisCecilia Håkansson, Per-Olov Johansson and Bengt Kriström10. Trees vs. Fish, or Discrete vs. Continuous HarvestingMartin L. Weitzman11. Differentiating at the Speed of Light in a Universe of Trees and MooseOlvar Bergland, Richard Ready and Eirik Romstad12. Empirical Behaviour Models on Timber SupplyJari Kuuluvainen, Ibrahim Moulifla Favada and Jussi Uusivuori13. Travelling Waves in a Modified Hotelling Population ModelTönu Puu14. The Optimal Control of a Stock Pollutant with Sunk Capital and Endogenous Risk of Catastrophic DamagesUrvashi Narain and Anthony Fisher15. Environmental Performance in Swedish Manufacturing, 1913–1990Bert M. Balk, Runar Brännlund, Rolf Färe, Shawna Grosskopf and Magnus Lindmark16. Assessing the Economic Impacts of Large-Scale Environmental Regulations in CaliforniaPeter Berck and H. Peter Hess17. Voluntary Road PricingLars HultkrantzIndex