BooknewsA Hungarian economist and a British scholar of environmental policy explore the interaction of their disciplines with the intention of providing a model for reforming environmental policy that can be applied in other transition economies. They focus on such issues as the environmental concerns raised by the privatization process and the extent to which the less rigorous regulations are drawing investment to Hungary, the cost of reducing air pollution and using the contingent valuation method of measuring the benefits, and the effects of industrial restructuring on emissions and the prospects for emissions trading. They challenge the perception that energy pricing is the most important environmental policy measure. Annotation c. by Book News, Inc., Portland, Or.
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