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In this pioneering study, Krutilla and Fisher put the amenity resources of natural environments into an analytical framework comparable to that for the extractive resources. The models and theoretical background of their techniques are illustrated by case studies which include the controversial Hells Canyon dam, the Mineral King ski resort, and the Trans-Alaska pipeline. The authors point out that resource development activities undertaken on public lands often receive financial advantages---preferential tax treatment, subsidized capital, and access to public resources---that are not taken into account in the costs of the project. True evaluation of the costs and benefits of a development project often tips the balance in favor of preserving an area in a natural state.
Presents a study that puts the amenity resources of natural environments into an analytical framework comparable to that for the extractive resources. This title points out that resource development activities undertaken on public lands often receive financial advantages that are not taken into account in the costs of the project.
Applies the principles of cost-benefit analysis, an international program in which an equitable division of costs and gains was an aim, along with economies of coordinated development.
Sketches out a framework for analyzing the economic efficiency of particular river basin programs. This title provides a useful cross-disciplinary perspective for economists and water resource developers-especially designed to provide working material for students in applied economics for conservation curricula.
Considers the difficult allocation problems associated with management of natural resources and proposed changes in the natural environment.
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