Although the spatial dimension is embedded in most issues studied by environmental and resource economics, its incorporation into economic models is not widespread. As a result, significant aspects of important problems remain hidden, which could lead to policy failures. This Element fills this gap by exploring how space can be integrated into environmental and resource economics. The emergence of spatial patterns in economic models through Turing's mechanism is explained and an extension ...

This book presents a series of lectures on applied environmental economics and policy covering the following issues: environmental cost–benefit analysis; ecosystem services; ecosystems biodiversity and the economy; and sustainability.The first part introduces basic concepts in environmental cost–benefit analysis and explains in detail the choice of the discount rate. Distributional issues and assessment of risk involved in decision-making criteria, using tools such as sensitivity a...

The most interesting issues in environmental and resource economics have an explicit temporal dimension, since variables of interest such as pollutants, greenhouse gases, biomass of biological resources, or the stocks of fossil fuels accumulate in the ambient environment or are depleted through human actions and natural processes.The purpose of these lectures is to present the mathematical tools for analyzing environmental and resource management issues in a dynamic set-up....