Economics of Natural Resources and the Environment

abatement accept activity actual agricultural amount analysis approach areas argument basic benefits capital cent Chapter charges commodities conservation consumption context costs countries curve damage demand depends direct discount rate economic effect emissions environment environmental equal estimates example existence externality extraction Figure firm function future gains given growth harvest Hence human idea impacts important increase individual industry inputs interest issue land less limits loss marginal materials means measures natural resources observation occur optimal option output period permits pollution pollution control positive possible potential preferences present preservation problem production profits protection reason reduced result rules scarcity shows social society species standard substitution suggests supply sustainable Table tend uncertainty unit valuation waste wetlands