Document Type

Article

Journal/Book Title/Conference

Economic Research Institute Study paper

Publisher

Utah State University

Publication Date

11-1-1986

Rights

Copyright for this work is held by the author. Transmission or reproduction of materials protected by copyright beyond that allowed by fair use requires the written permission of the copyright owners. Works not in the public domain cannot be commercially exploited without permission of the copyright owner. Responsibility for any use rests exclusively with the user. For more information contact the Institutional Repository Librarian at digitalcommons@usu.edu.

First Page

1

Last Page

22

Abstract

An increasing awareness of environmental pollution and its relative impact on mankind have elicited normative and positive economic models that address particular trade-offs between material objects and the maintenance of the environment. The existing literature has primarily been concerned with identifying the optimal amount of socially desirable pollution. However, the issue of natural respurce scarcity, when viewed in conjunction with the availability of environmental resources or related amenities, seems to have attracted only minimal attention thus far. Leading natural resource economists like V. K. Smith (1981), John V. Krutilla and Anthony C. Fisher (1975), and Anthony C. Fisher (1979) have occasionally pointed out that research efforts need to be directed toward the question of jointness between an extractible and an environmental resource in a theoretical and empirical evaluation of natural resource scarcity.

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