This book consists of a collection of articles describing the
emergingand integrated area of Energy, Natural Resourcesand
EnvironmentalEconomics.A majority of the authors are researchers doing
applied work in economics, nance, and management science and are based
in the Nordic countries. These countries have a long tradition of
managing natural resources. Many of the applications are therefore
founded on such examples. The book contents are based on a workshop that
took place during May 15-16, 2008 in Bergen, Norway. The aim of the
workshop was to create a meeting place for researchers who are active in
the area of Energy, Natural Resource, and En- ronmentalEconomics, andat
the same time celebrate ProfessorKurtJorns ] ten's60th birthday.
Thebookis dividedintofourparts. The rst part
considerspetroleumandnatural gas applications, taking up topics ranging
from the management of incomes and reserves to market modeling and value
chain optimization. The second and most extensive part studies
applications from electricity markets, including analyses of market
prices, risk management, various optimization problems, electricity
market design, and regulation. The third part describes different
applications in logistics and management of natural resources. Finally,
the fourth part covers more general problems and methods arising within
the area.