Encyclopedia of Energy, Natural Resource, and Environmental Economics

Encyclopedia of Energy, Natural Resource, and Environmental Economics, 1st Edition

Encyclopedia of Energy, Natural Resource, and Environmental Economics, 1st Edition,Jason Shogren,ISBN9780123750679

J Shogren   

Elsevier Science




The only reference work that codifies the relationships among three important subdisciplines of economics: energy economics, resource economics and environmental economics. Understanding these relationships just became simpler!

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Key Features

  • The only reference work that codifies the relationships among the three subdisciplines: energy economics, resource economics and environmental economics. Understanding these relationships just became simpler!

  • Nobel Prize Winning Editor-in-Chief (joint recipient 2007 Peace Prize), Jason Shogren, has demonstrated excellent team work again, by coordinating and steering his Editorial Board to produce a cohesive work that guides the user seamlessly through the diverse topics.

  • This work contains in equal parts information from and about business, academic, and government perspectives and is intended to serve as a tool for unifying and systematizing research and analysis in business, universities, and government.



Every decision about energy involves its price and cost.  The price of gasoline and the cost of buying from foreign producers; the price of nuclear and hydroelectricity and the costs to our ecosystems; the price of electricity from coal-fired plants and the cost to the atmosphere.  Giving life to inventions, lifestyle changes, geopolitical shifts, and things in-between, energy economics is of high interest to Academia, Corporations and Governments. 

For economists, energy economics is one of three subdisciplines which, taken together, compose an economic approach to the exploitation and preservation of natural resources:

  • energy economics, which focuses on energy-related subjects such as renewable energy, hydropower, nuclear power, and the political economy of energy
  • resource economics, which covers subjects in land and water use, such as mining, fisheries, agriculture, and forests
  • environmental economics, which takes a broader view of natural resources through economic concepts such as risk, valuation, regulation, and distribution

Although the three are closely related, they are not often presented as an integrated whole. This Encyclopedia has done just that by unifying these fields into a high-quality and unique overview.


University and research libraries, especially with collections in economics or earth sciences; corporations engaged in these utility services: electric power, natural gas, steam supply, water supply, and sewage removal; and government agencies regulating these utilities in the generation, transmission, and distribution of energy and the treatment of waste.

Jason Shogren

Jason Shogren is the Stroock Professor of Natural Resource Conservation and Management and Chair of the Department of Economics and Finance at the University of Wyoming, his alma mater. He works on the economics of environmental and natural resource policy. Shogren is a foreign member of the Royal Swedish Academy of Sciences, and has served as professor to the King of Sweden, a lead author for the Intergovernmental Panel on Climate Change, and as a senior economist on the Council of Economic Advisers in the White House. He likes music and fishing.

Photograph © Ted Brummond

Affiliations and Expertise

University of Wyoming, USA

Encyclopedia of Energy, Natural Resource, and Environmental Economics, 1st Edition

1. Energy

Climate change and policy

Carbon Cap and Trade

Carbon Offsets

Carbon Taxes

Clean Development Mechanism

Climate change and food situation

Dealing with the Uncertainty about Climate Change

Double Dividend

Economics of Forest Carbon Sequestration as a Climate Change Mitigation Strategy

Intergovernmental Panel on Climate Change (IPCC)

International Climate Treaties and Coalition Building

1. Energy

Markets/technology innovation/adoption/diffusion

Diffusion of Energy-saving technologies

Energy-efficiency gap

Impacts of Innovation: Lessons from the Empirical Evidence

Modeling Technological Change in Economic Models of Climate Change

Policy Incentives for Energy and Environmental Technological Innovation: Lessons from the Empirical Evidence

Technological change and climate-change policy

Technological Change and the Marginal Cost of abatement

Technological lock-in

Technology and environmental policy

1. Energy

Non-renewable Fossil/Nuclear/Electricity Markets

Coal: Prospects in the Twenty-First Century-Exhaustion Trumped by Global Warming?

Economics of Peak Oil

Green Micro-Accounting for Oil Extraction

Modeling Reserve Growth in Natural Gas Fields

Natural Gas Networks

Price Dynamics in Domestic Energy Markets

1. Energy

Renewable/Alternative 1. Energy

Economic Implications of Wind Power Intermittency

Economics of Biofuels: An Overview

Economics of Technology Learning in Wind Power

Economics of Wind Power: An Introduction

Hydropower Economics: An Overview

Measuring the Environmental Externalities of Offshore Wind Power: The Case of Visual Disamenities

Measuring the Environmental Externalities of Onshore Wind Power

Residential Energy Demand

2. Resources

Media non-biological

Economics of Exploration for and Production of Exhaustible Resources

Economics of Groundwater

Economics of Market Power in the Extraction of Nonrenewable Resources

Theory and Practice of Fisheries and Water Economics

2. Resources

Media: Biological

Economics and Ecology of Open-Access Fisheries

Economics of Agricultural Residuals and Overfertilization: Chemical Fertilizer Use, Livestock Waste, Manure Management, and Environmental Impacts

Economics of Pest Control

Hunting and Exploitation of Terrestrial Animal Species


2. Resources


Economic Analysis of Forest Product Markets

Forest Management and Climate Change

Joint Production of Good and Bad Outputs with a Network Application

Spatial Management of Renewable Natural Resources

Voluntary resource conservation and environmental management in agriculture and forestry

2. Resources

Policy Tools

Conservation Easements: Tools for Conserving and Enhancing Ecosystem Services

Deforestation and Forest Degradation: Concerns, Causes, Policies and their Impacts

Exclusive Economic Zone

Externality Regulation in Oil and Gas

Fishery Cooperatives as a Management Institution

Forest taxation

Individual transferable quotas in fisheries

International Trade and the Conservation of Renewable 2. Resources

Land Use Policies in the U.S. for Protecting Biodiversity and Ecosystem Services

Protecting Marine Ecosystems in Fishery Regulation

Regulated Open Access and Regulated Restricted Access Fisheries

Taxation of Nonrenewable Resources

Territorial Use Rights in Fisheries (TURF)

Tree Plantations and Genetics in Forestry

Water Crises, Water Rights, and Water Markets

2. Resources

Theoretical Tools

Carbon Leakage

Cartel versus Fringe Models

Differential Games and Resources

Diffusion and Spatial Aspects


Experiments on Common Property Management

Games and Resources

Green Paradox

Hartwick's Rule

Optimal Control and Resources

Option Value and Precaution

Regime Shift and Management

Regime Shifts: Early Warnings

3. Environment

Allocation Tools

Bayesian Decision Theory and Climate Change

Coasean Bargaining

Environmental and Natural Resource Economics: Decisions under Risk and Uncertainty

Environmental Cost-Benefit Analysis

Environmental Ethics for Environmental Economists

Ethics, Economics, and Decision Rules for Climate Change

Governance of Common-Pool Resources

Lindahl Pricing for Public Goods and Experimental Auctions for the Environment

Managing Catastrophic Risk

Optimization Across Space

Payments for Ecosystem Services: Mechanisms to Achieve Desired Landscape Patterns

Property Rights and the Environment

3. Environment


Agricultural Sources of Water Pollution

Economics of Pesticide Use and Regulation

Hazardous Substances

Local/Regional Air Pollution from Stationary Sources

Waste Disposal and Recycling

Water Pollution from Industrial Sources

Water Pollution from Oil Spills

Wetlands and Coastal Estuaries

3. Environment


Deposit-Refund Systems in Practice and Theory


Economics of Nonpoint Pollution


European Union’s Emissions Trading Scheme

Green Tax Design in the Real (Second-Best) World

Information Programs

Liability Rules and the Environment

Price Instruments

Prices versus Quantities

Quantity Instruments

SO2 Program


Superfund Program

Voluntary Approaches to Environmental Protection

3. Environment

Political Economy

Contest Models and Environmental Policy

Democracy, Political Institutions, and Environmental Policy

Empirical Methods for Political Economy Analyses of Environmental Policy

Environmental Conflict and Natural Resources

Environmental Federalism: Empirics

Environmental Justice: The Experience of the United States

Lobbying, Voting and Environmental Policy: Theory

Political Acceptability of Incentive-based Mechanisms

Political Economy and the Interaction between International Trade and Environmental Policies

Political Economy of Instrument Choice

Political Economy of International Environmental Agreements

Strategic Environmental Policy

3. Environment

Valuation Tools

Averting Behavior

Benefit Transfer

Contingent Valuation Method


Travel Cost Model

Value of a Statistical Life

Quotes and reviews

"This exhaustive work is greatly enriched by being part of ScienceDirect…, which offers superb searching/navigation mechanisms for locating some 130 articles by nearly 200 contributors. The content is excellent and wide-ranging…the integration of a major reference work with other sources creates a cohesive context for understanding the complex and vexing economic challenges underpinning environmental issues. Summing Up: Highly recommended."--Choice Reviews Online, April 2014

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