Economics of the Environment / Edition 5

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Over four editions, Economics of the Environment has established itself as the standard student reader for environmental economics courses. A rich complement to other texts, this accessible reader provides a balanced selection of classic and contemporary readings to firmly ground students' understanding in the field's primary literature. The Fifth Edition has been carefully reorganized; over a third of the selections are new.

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Product Details

  • ISBN-13: 9780393927016
  • Publisher: Norton, W. W. & Company, Inc.
  • Publication date: 4/15/2005
  • Edition description: Fifth Edition
  • Edition number: 5
  • Pages: 694
  • Product dimensions: 6.20 (w) x 9.20 (h) x 1.40 (d)

Meet the Author

Robert N. Stavins is the Albert Pratt Professor of Business and Government at the John F. Kennedy School of Government, and Director of the Environmental Economics Program at Harvard University.
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Table of Contents

1 How economists see the environment 1
2 The tragedy of the commons 9
3 The problem of social cost 23
4 Environmental regulation and the competitiveness of U.S. manufacturing : what does the evidence tell us? 51
5 Toward a new conception of the environment-competitiveness relationship 92
6 Tightening environmental standards : the benefit-cost or the no-cost paradigm? 115
7 The contingent valuation debate : why economists should care 129
8 Valuing the environment through contingent valuation 146
9 Contingent valuation : is some number better than no number? 173
10 Contingent valuation and lost passive use : damages from the Exxon Valdez oil spill 194
11 The value of life in legal contexts : survey and critique 223
12 Is there a role for benefit-cost analysis in environmental, health, and safety regulation?
13 An eye on the future 255
14 Cost-benefit analysis : an ethical critique 260
Replies to Steven Kelman 270
15 Economic instruments for environmental regulation 277
16 Environmental policy making in a second-best setting 302
17 What can we learn from the grand policy experiment? : lessons from SO[subscript 2] allowance trading 334
18 It's immoral to buy the right to pollute 355
Replies to Michael Sandel 357
19 The environment and globalization 359
20 Confronting the environmental Kuznets curve 399
21 Creating incentives for international cooperation : strategic choices 421
22 Reflections on the economics of climate change 445
23 The cost of combating global warming : facing the tradeoffs 462
24 Kyoto's unfinished business 469
25 The role of economics in climate change policy 479
26 Sustainability : an economist's perspective 503
27 Economics of the Endangered Species Act 514
28 Conflicts and choices in biodiversity preservation 533
29 The choice of regulatory instruments in environmental policy 547
30 Environmental policy since Earth Day I : what have we gained? 593
31 Environmental regulation in the 1990s : a retrospective analysis 616
32 The impact of economics on environmental policy 649
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