Economics of Natural Environments

by John V. Krutilla and Anthony C. Fisher

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In this pioneering study, Krutilla and Fisher put the amenity resources of natural environments into an analytical framework comparable to that for the extractive resources. The models and theoretical background of their techniques are illustrated by case studies which include the controversial Hells Canyon dam, the Mineral King ski resort, and the Trans-Alaska pipeline.

The authors point out that resource development activities undertaken on public lands often receive financial advantages---preferential tax treatment, subsidized capital, and access to public resources---that are not taken into account in the costs of the project. True evaluation of the costs and benefits of a development project often tips the balance in favor of preserving an area in a natural state.
  • ISBN10 0801816998
  • ISBN13 9780801816994
  • Publish Date 1 May 1975 (first published 1 January 1975)
  • Publish Status Out of Stock
  • Out of Print 14 September 2009
  • Publish Country US
  • Imprint Johns Hopkins University Press
  • Edition 2nd Revised ed.
  • Format Hardcover
  • Pages 313
  • Language English