A collection of specially commissioned papers that pays tribute to Karl-Gustaf Lofgren's significant and diverse contribution to theoretical and empirical research within the field of environmental and resource economics. It examines a range of topics including sustainability, risk and uncertainty, demand theory and issues related to public goods.

Contents: Introduction 1. Sustainability: What Does It Tell Us? Geoffrey Heal 2. Environment and Decision-Making under Risk and Uncertainty Karl-Göran Mäler 3. Fisher, Lindahl, and Hicks on Income: A Modern Analysis Chuan-Zhong Li 4. Consumer Demand with Several Linear Constraints: A Global Analysis W. Michael Hanemann 5. Local Public Goods and Income Heterogeneity Thomas Aronsson, Magnus Wikström, Kenneth Backlund and Tomas Sjögren 6. Public Goods, Optimal Distortionary Taxation and Union Wage Setting Thomas Aronsson, Kenneth Backlund, Tomas Sjögren and Magnus Wikström 7. Self-Selection and the Value of Lives Saved Jason F. Shogren and Tommy Stamland 8. International Fisheries Agreements: The Feasibility and Impacts of Partial Cooperation Kim Hang Pham Do and Henk Folmer 9. Salmon and Hydropower: Dynamic Cost–Benefit Analysis Cecilia Håkansson, Per-Olov Johansson and Bengt Kriström 10. Trees vs. Fish, or Discrete vs. Continuous Harvesting Martin L. Weitzman 11. Differentiating at the Speed of Light in a Universe of Trees and Moose Olvar Bergland, Richard Ready and Eirik Romstad 12. Empirical Behaviour Models on Timber Supply Jari Kuuluvainen, Ibrahim Moulifla Favada and Jussi Uusivuori 13. Travelling Waves in a Modified Hotelling Population Model Tönu Puu 14. The Optimal Control of a Stock Pollutant with Sunk Capital and Endogenous Risk of Catastrophic Damages Urvashi Narain and Anthony Fisher 15. Environmental Performance in Swedish Manufacturing, 1913–1990 Bert M. Balk, Runar Brännlund, Rolf Färe, Shawna Grosskopf and Magnus Lindmark 16. Assessing the Economic Impacts of Large-Scale Environmental Regulations in California Peter Berck and H. Peter Hess 17. Voluntary Road Pricing Lars Hultkrantz Index