Natural
Resource Economics; UCLA (Graduate) Cameron; Detailed Curriculum; Overview
OVERVIEW:
- Deacon, Robert T., David S. Brookshire,
Anthony C. Fisher, Allen V. Kneese, Charles D. Kolstad, David Scrogin,
V. Kerry Smith, Michael Ward, and James Wilen, "Research Trends and Opportunities
in Environmental and Natural Resource Economics," Environmental and
Resource Economics;11(3-4), April-June 1998, pages 383-97.
ABSTRACT:
The research questions and topics most likely to emerge in the near term
future are assessed. A common theme is that policy issues will be an important
driving force, as has generally been true in the past. More specifically,
future theoretical advances are expected to occur in the treatment of uncertainty,
the incorporation of stock service flows into natural resource analysis,
and the incorporation of institutional considerations into models of resource
exploitation. Research on valuation is expected to remain vigorous, primarily
in the testing of basic assumptions and reconciliation of existing inconsistencies.
Opportunities in renewable resource economics center on the incorporation
of richer behavioral and technological detail in the general frameworks
that already exist. A better understanding of what drives technology, and
how environmental agreements can be negotiated and enforced among sovereign
nations, are two topics likely to shape future research on global externalities.
Finally, questions related to spatial aspects of natural resource use,
and matters of land use more generally, seem likely to emerge as important
topics on the profession's future research agenda.
Supplemental: