Chapter

The Economics of Resource Nonuse

Jan G. Laitos

in The Right of Nonuse

Published in print May 2012 | ISBN: 9780195386066
Published online September 2012 | e-ISBN: 9780199949656 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780195386066.003.0015
The Economics of Resource Nonuse

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This chapter uses an outgrowth of economics—game theory—to make the case that a more optimal result might occur if the natural resources “game” is viewed as consisting of more than just humans who wanted to use resources, and humans who wanted (usually for their own anthropomorphic purposes) to not use resources. If we empowered a third player, the natural resource itself, and permitted that new player to join the game as an equal member that could assert its own nonuse interest, then we (and the planet) would experience a preferable allocation of resource use and nonuse benefits.

Keywords: game theory; nonuse; nonuse benefits

Chapter.  8162 words.  Illustrated.

Subjects: Environment and Energy Law

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