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This is an open access book. This edited volume discusses topics in
environmental economics with a focus on sustainability,
conservation, and responsible resource management. Written in
memory of Peter Berck, Professor of Agricultural and Resource
Economics at the University of California, Berkeley, the chapters
expand upon his insights about the connections between human
activities and the natural world. The volume includes a
selection of research on agriculture, energy, forestry, fisheries,
land use, recycling, and conservation – all parts of the broad
question of how natural resources can meet human needs while
avoiding environmental degradation. Written from a
21st century perspective, with concerns about climate,
renewable energy, biodiversity, and sustainable development, this
volume will be of interest to researchers and students of
agricultural and resource economics.
This book presents, compares, and develops various techniques for
estimating market power - the ability to set price profitably above
marginal cost - and strategies - the game-theoretic plans used by
firms to compete with rivals. The authors start by examining static
model approaches to estimating market power. They extend the
analysis to dynamic models. Finally, they develop methods to
estimate firms' strategies directly and examine how these
strategies determine market power. A detailed technical appendix
reviews the relevant information-theoretic and other econometric
models that are used throughout. Questions and detailed answers for
students and researchers are provided in the book for easy use.
This book presents, compares, and develops various techniques for
estimating market power - the ability to set price profitably above
marginal cost - and strategies - the game-theoretic plans used by
firms to compete with rivals. The authors start by examining static
model approaches to estimating market power. They extend the
analysis to dynamic models. Finally, they develop methods to
estimate firms' strategies directly and examine how these
strategies determine market power. A detailed technical appendix
reviews the relevant information-theoretic and other econometric
models that are used throughout. Questions and detailed answers for
students and researchers are provided in the book for easy use.
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