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Environmental Economics is the first text to concentrate solely on environmental economics--the problems of earth, air, and water pollution from an economic perspective--with an emphasis on both government regulation and private-sector anti-pollution incentives. With the assumption that readers already have an understanding of intermediate microeconomics, the book reaches into more detail on theory and analysis than most other textbooks in this area. Now fully revised in its second edition, Environmental Economics is divided into four primary sections: the first section defines the field of environmental economics in relation to general economics and to ecological and resource economics; the second section is normative, looking at market failure and asks why, even with apparent environmental protection, the market often fails to work properly; the third section is positive, examining government regulation of pollution using the industrial organization literature; and the final section covers more advanced topics, looking at risk, uncertainty, green accounting, international competition and cooperation and development. Including many international examples, the book places special emphasis on the ways that countries around the world approach and control their own environmental problems. Environmental Economics , Second Edition, is ideal for undergraduate economics courses and beginning graduate courses in environmental management.
Professor of Economics and Environmental Studies, University of California, Santa Barbara
Table of Contents
Preface PART I: Introduction 1. The Environment and Economics 2. Normative and Positive Economic Analysis PART II. How Much Environmental Quality? 3. Social Choice: How Much Environmental Protection? 4. Efficiency and Markets 5. Market Failure: Public Goods, Public Bads and Externalities 6. Making Decisions about Environmental Programs 7. Demand for Environmental Goods 8. Hedonic Price Methods 9. Household Production 10. Constructed Markets Part III: Regulating Individuals and Firms 11. Regulating Pollution 12. Prices 13. Property rights 14. Spatial and Temporal Issues 15. Regulating Polluters with Unknown Costs 16. Audits, Enforcement and Moral Hazard 17. Voluntary Actions and Agreements Part IV: Advanced Topics 18. Risk and Uncertainty 19. International and Interregional Competition 20. Environment, Growth and Development