CAMBRIDGE SURVEYS OF ECONOMIC LITERATURE
RESOURCE AND
ENVIRONMENTAL ECONOMICS
,CAMBRIDGE SURVEYS OF ECONOMIC LITERATURE
Editors:
Miss Phyllis Deane, University of Cambridge, and
Professor Mark Perlman, University of Pittsburgh
Editorial Advisory Board:
Professor A. B. Atkinson, London School of Economics
and Political Sciences
Professor M. Bronfenbrenner, Duke University
Professor K. D. George, University College, Cardiff
Professor C. P. Kindleberger, Massachusetts Institute of Technology
Professor T. Mayer, University of California, Davis
Professor A. R. Prest, London School of Economics
and Political Science
The literature of economics is expanding rapidly, and many subjects have
changed out of recognition within the space of a few years. Perceiving the
state of knowledge in fast-developing subjects is difficult for students and
time-consuming for professional economists. This series of books is intended
to help with this problem. Each book will be quite brief, giving a clear
structure to and balanced overview of the topic, written at a level
intelligible to the senior undergraduate. They will therefore be useful for
teaching, but will also provide a mature yet compact presentation of the
subject for economists wishing to update their knowledge outside their own
specialism.
First books in the series
E. Roy Weintraub: Microfoundations: The compatibility of
microeconomics and macroeconomics
Dennis C. Mueller: Public choice
Robert Clark and Joseph Spengler: The economics of
individual and population aging
Edwin Burmeister: Capital theory and dynamics
Mark Blaug: The methodology of economics or how
economists explain
Robert Ferber and Werner Z. Hirsch: Social experimentation
and economic policy
,Resource and
environmental economics
ANTHONY C. FISHER
Energy and Resources Group
University of California, Berkeley
CAMBRIDGE
UNIVERSITY PRESS
, CAMBRIDGE UNIVERSITY PRESS
Cambridge, New York, Melbourne, Madrid, Cape Town, Singapore, Sao Paulo
Cambridge University Press
The Edinburgh Building, Cambridge CB2 8RU, UK
Published in the United States of America by Cambridge University Press, New York
www.cambridge.org
Information on this title: www.cambridge.org/9780521243063
© Cambridge University Press 1981
This publication is in copyright. Subject to statutory exception
and to the provisions of relevant collective licensing agreements,
no reproduction of any part may take place without the written
permission of Cambridge University Press.
First published 1981
Reprinted 1983, 1984, 1985, 1988, 1990, 1993
Re-issued in this digitally printed version 2008
A catalogue record for this publication is available from the British Library
ISBN 978-0-521-24306-3 hardback
ISBN 978-0-521-28594-0 paperback
RESOURCE AND
ENVIRONMENTAL ECONOMICS
,CAMBRIDGE SURVEYS OF ECONOMIC LITERATURE
Editors:
Miss Phyllis Deane, University of Cambridge, and
Professor Mark Perlman, University of Pittsburgh
Editorial Advisory Board:
Professor A. B. Atkinson, London School of Economics
and Political Sciences
Professor M. Bronfenbrenner, Duke University
Professor K. D. George, University College, Cardiff
Professor C. P. Kindleberger, Massachusetts Institute of Technology
Professor T. Mayer, University of California, Davis
Professor A. R. Prest, London School of Economics
and Political Science
The literature of economics is expanding rapidly, and many subjects have
changed out of recognition within the space of a few years. Perceiving the
state of knowledge in fast-developing subjects is difficult for students and
time-consuming for professional economists. This series of books is intended
to help with this problem. Each book will be quite brief, giving a clear
structure to and balanced overview of the topic, written at a level
intelligible to the senior undergraduate. They will therefore be useful for
teaching, but will also provide a mature yet compact presentation of the
subject for economists wishing to update their knowledge outside their own
specialism.
First books in the series
E. Roy Weintraub: Microfoundations: The compatibility of
microeconomics and macroeconomics
Dennis C. Mueller: Public choice
Robert Clark and Joseph Spengler: The economics of
individual and population aging
Edwin Burmeister: Capital theory and dynamics
Mark Blaug: The methodology of economics or how
economists explain
Robert Ferber and Werner Z. Hirsch: Social experimentation
and economic policy
,Resource and
environmental economics
ANTHONY C. FISHER
Energy and Resources Group
University of California, Berkeley
CAMBRIDGE
UNIVERSITY PRESS
, CAMBRIDGE UNIVERSITY PRESS
Cambridge, New York, Melbourne, Madrid, Cape Town, Singapore, Sao Paulo
Cambridge University Press
The Edinburgh Building, Cambridge CB2 8RU, UK
Published in the United States of America by Cambridge University Press, New York
www.cambridge.org
Information on this title: www.cambridge.org/9780521243063
© Cambridge University Press 1981
This publication is in copyright. Subject to statutory exception
and to the provisions of relevant collective licensing agreements,
no reproduction of any part may take place without the written
permission of Cambridge University Press.
First published 1981
Reprinted 1983, 1984, 1985, 1988, 1990, 1993
Re-issued in this digitally printed version 2008
A catalogue record for this publication is available from the British Library
ISBN 978-0-521-24306-3 hardback
ISBN 978-0-521-28594-0 paperback
