DYNAMIC AND STOCHASTIC RESOURCE ECONOMICS

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Dynamic and Stochastic Resource Economics: Essays on Biodiversity, Invasive Species, Joint Systems, and Regulation is a collection of Professor Batabyal's previously published and unpublished papers on the subject of natural resource and environmental economics. The book demonstrates how new dynamic and probabilistic techniques can be profitably used to study a whole host of research questions in natural resource management, biological diversity, ecological economics, invasive species management, and environmental regulation. The book collects the results of frontier-level research in many different areas within the general field of natural resource and environmental economics. It also shows how theoretical modeling, frequently using techniques that are unfamiliar to economists, can be gainfully utilized to shed new light on a whole host of issues, some of which have not been modeled previously in a comprehensive manner. Finally, this book draws connections between the different areas that are covered so as to provide a common methodological approach to research questions and a unified perspective on the key issues in natural resource and environmental economics.