Environmental Resources and Applied Welfare Economics: Essays in Honor of John V. Krutilla

Environmental Resources and Applied Welfare Economics: Essays in Honor of John V. Krutilla

Environmental Resources and Applied Welfare Economics: Essays in Honor of John V. Krutilla

Environmental Resources and Applied Welfare Economics: Essays in Honor of John V. Krutilla

Excerpt

This volume was conceived in an effort to honor John V. Krutilla on the occasion of his sixty-fifth birthday. Those of us who prepared papers for the volume, and many others as well, have been captured by his ideas. We have been influenced by John's own work over the course of his more than thirty years at Resources for the Future, as well as by the opportunity we each had to work with him, directly or indirectly.

Good research is at least partly a science of persuasion -- a matter of convincing our peers that we have something important, or at least useful, to say about a problem. John has done more than that. He has opened our eyes to new problems. He has shown us that economic analysis has something important to say about natural environments, wildlife, wildlands, and scenic resources. Moreover, the features of these problems as John identified them offer equally important insights as we look anew at the familiar problems confronting public investment decisions. Irreversibilities, uncertainty, jointness in both production and consumption, in addition to the complexities of defining consumers' valuation, accompany many of the important policy issues of today outside the area of resource economics.

On the eve of publication of his latest book (with Michael D. Bowes) on the economics of multiple use land management, it would be premature to summarize or to attempt to take stock of John's work. Even though he is retiring from Resources for the Future, we know that his research is certainly not finished. Rather, we want to remind him that, although he decided not to join a university faculty, he did have many students. John contributed to the way in which each of us formed and proceeded with our own research agendas. Moreover, those who contributed papers to this volume are just a sample of the many others influenced by his work.

This collaborative effort began several years ago and was intended to draw together economists who had worked with John at an earlier stage of their careers. Each contributor selected a research theme that reflects his or her own research in relationship to John's work. To provide readers with a sense . . .

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