edited by Amitrajeet A Batabyal (Rochester Institute of Technology, USA) & Peter Nijkamp (VU University Amsterdam, The Netherlands)

About the Editors

Amitrajeet A Batabyal is the Arthur J Gosnell Professor of Economics at the Rochester Institute of Technology in Rochester, New York, USA.

Peter Nijkamp is Professor of Regional Economics at VU University Amsterdam, The Netherlands.

A collection of scholarly accounts and articles written by recognized experts in environmental economics, this book is the first of its kind and as a valuable reference and textual source for graduate students and active researchers. It draws together the pedagogical discussion of the key tools used to conduct theoretical and empirical research in natural resource and environmental economics. With contributions by prominent international researchers like Robert Ayres, Charles Perrings and Anastasios Xepapadeas, the book will be useful for researchers who wish to learn new techniques or change their area of research emphasis within natural resource and environmental economics or those who wish to familiarize themselves with these tools.

• Introduction:
  • Introduction to Research Tools in Natural Resource and Environmental Economics (Amitrajeet A Batabyal & Peter Nijkamp)
• Theoretical Tools:
  • Dynamic Analysis (Ray G Huffaker)
  • Stochastic Analysis: Tools for Environmental and Resource Economics Modeling (Anastasios Xepapadeas)
  • Game Theory: Static and Dynamic Games (Hassan Benchekroun & Ngo Van Long)
• Empirical and Experimental Tools:
  • Introduction to Economic Valuation Methods (Sabah Abdullah, Anil Markandya & Paulo ALD Nunes)
  • The Hedonic Method: Value of Statistical Life, Wage Compensation, and Property Value Compensation (Philip E Graves)
  • Environmental Valuation: The Sum of Specific Damages Approach (Philip E Graves)
  • Econometric Estimation of Non-linear Continuous-Time Models of Intertemporally Optimizing Agents (Kieran P Donaghy & Clifford R Wymer)
  • Computable General Equilibrium Models for the Analysis of Economy–Environment Interactions (Ian Sue Wing)
  • Experimental Methods and Environmental and Natural Resource Policy (Todd L Cherry & Michael McKee)
• Interdisciplinary Tools:
  • Modeling the Economics of Ecosystem Services at Watershed Scale: A Spatial Model of Land Use Externalities and the Regulating Functions of Wetlands (Silvio Simonit & Charles Perrings)
  • Geographical Information Systems Models and Spatial Data Analysis (Robert P Haining & Jane Law)
  • Materials Balance Models (Robert U Ayres & Gara Villalba Méndez)
  • Industrial Ecology: Reflections of an Environmental Economist (Finn R Førsund)