This collection of articles focuses on the tools used in theoretical and empirical research in natural resources and environmental economics. The entries, written by experts in environmental economics, address subjects such as dynamic and stochastic analysis, game theory, economic valuation methods, the Hedonic method, environmental valuation, experimental methods and environmental and natural resource policy, modeling the economics of ecosystem services at watershed scale, geographical information systems models and spatial data analysis, materials balance models, and industry ecology. Editors are Batabyal (economics, Rochester Institute of Technology) and Nijkamp (spatial economics, Free U., the Netherlands). Annotation ⓒ2012 Book News, Inc., Portland, OR (booknews.com)

Part I. Introduction 1. Introduction to research tools in natural resouce and environmental economics Part II. Theoretical Tools 2. Dynamic analysis 3. Stochastic analysis : tools for environmental and resource economics modeling 4. Game theory : static and dynamic games Part III. Empirical and Experimental Tools 5. Introduction to economic valuation methods 6. The Hedonic method: value of statistical life, wage compensation, and property value compensation 7. Environmental valuation : the sum of specific damages approach 8. Economic estimation of non-linear continuous-time models of intertemporally optimizing agents 9. Computable general equilibrium models for the analysis of economy-environment interactions 10. Experimental methods and environmental and natural resource policy Part IV. Interdisciplinary Tools 11. Modeling the economics of ecosystem services at watershed scale : a spatial model of land use externalities and the regulating functions of wetlands 12. Geographical information systems models and spatial data analysis 13. Materials balance models 14. Industrial ecology : reflections of an environmental economist