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Game Theory and Policy Making in Natural Resources and the Environment
This book includes chapters by experts from developing and developed countries that apply game theory to issues in natural resources and the environment, demonstrating the usefulness of game theory in policy-making and appealing to a wide audience.
Handbook of the Shapley Value
Handbook of the Shapley Value contains 24 chapters and a foreword written by Alvin E. Roth, who was awarded the Nobel Memorial Prize in Economic Sciences jointly with Lloyd Shapley in 2012. The purpose of the book is to highlight a range of relevant insights into the Shapley value. Every chapter has been written to honor Lloyd Shapley, who introduced this fascinating value in 1953. The first chapter, by William Thomson, places the Shapley value in the broader context of the theory of cooperative games, and briefly introduces each of the individual contributions to the volume. This is followed by a further contribution from the editors of the volume, which serves to introduce the more signifi...
Game Theory and Policy Making in Natural Resources and the Environment
Game Theory has become one of the main analytical tools for addressing strategic issues in the field of economics and is increasing its influence in other fields of social sciences. With the increased level of extraction of natural resources and pollution of environments, game theory gains its place in the literature and it is more and more seen as a tool for policy makers and not only for theoreticians. The book is structured into four parts dealing with the management of natural resources, the negotiation aspects of water management, water allocation through pricing and markets, and how conflicts and regulation shape the management of the environment. The first part explores game theory co...
The Economics of Biodiversity and Ecosystem Services
Ecosystems and biodiversity have been degraded over decades due to human activities. One of the critical causes is market failure: the current market only accounts tangible resources and neglects intangible functions, such as climate control and natural hazard mitigation. Under such circumstances in capitalism, land conversion and resource exploitation, which generate financial income, are highly prioritised over conservation, which is not necessarily beneficial in monetary terms. To halt ecosystem degradation, thus, the values of ecosystem services need to be visualised and economic instruments for ecosystem conservation should be further developed. This book focuses on these two aspects an...
Game Theory and Fisheries
Today, there is a growing sense of urgency among fisheries scientists regarding the management of fish stocks, particularly among those who predict the imminent collapse of the fishing industry due to stock depletion. This book takes a game theoretic approach to discussing potential solutions to the problem of fish stock depletion. Acknowledging the classification of fish stocks as destructible renewable resources, these essays are concerned with the question of how much of the stock should be consumed today and how much should be left in place for the future. The book targets both economists and students of economics who are familiar with the tools of their trade but not necessarily familia...
Avoided Deforestation
Avoided deforestation can be characterized as the use of financial incentives to reduce rates of deforestation and forest degradation, with much of the focus on forests in tropical countries. While avoided deforestation, as a policy issue, is not new, the current debate in academic and policy circles on including it in future climate change mitigation strategies such as the Clean Development Mechanism is gathering pace – and this debate is only likely to intensify as negotiations continue over what should be included in the successor agreement to the Kyoto Protocol, which is set to expire in 2012. Up until now, however, the debate in terms of the scientific and economic implications of avoided deforestation has not been brought together. This book aims to bring together important research findings in the area along with their policy implications, whilst linking avoided deforestation to political economy as well as to the latest developments in environmental and natural resource economics.
Participation in Environmental Organizations
For decades, social scientists have searched for factors that shape pro-environmental behaviour. However, only a few studies have investigated the causes and consequences of participation in environmental organizations. This book fills the gap by analysing in detail the determinants of environmental participation and its consequences in different parts of the world. Benno Torgler, María A. García-Valinas and Alison Macintyre seek the answer to several questions regarding who is working towards positive outcomes for our environment, what sort of social and institutional context will assist voluntary participation, what sort of attitudes are related to positive environmental behavior, and wh...
The Ethics and Politics of Environmental Cost-Benefit Analysis
Putting a price tag on the environment is controversial. This book discusses ethical and political aspects of environmental cost-benefit analysis: why controversies must be expected, why they should be taken seriously, and how they can be handled in practice. Cost-benefit analysis is commonly thought of as a method for ranking projects according to their contributions to social welfare. The starting point of the present book is different. Rather than providing a final ranking, the purpose of a project analysis is to enable participants in a democratic decision-making process to make their own well-founded rankings of projects, according to their own normative views. Since ethical and politic...
Economic Growth and Environmental Regulation
This volume assembles a group of eminent scholars to look at the problem of growth and environment from the perspective of environmental regulation. The questions addressed are: How does economic growth interact with regulation, and what are the best approaches to regulation in use today? The context for the volume is the current situation in China, where twenty years of rapid growth have created a situation in which there are both demands for environmental regulation and needs for choosing a future development path. The advent of "A Macro-Environmental Strategy" for China presents an opportunity to ask how and why China should introduce regulation into its management of its development. The...
