Environmental Economics / Edition 5

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Environmental Economics is an introduction to the basic principles of environmental economics as they have been developed in the past and as they continue to evolve. The examples discussed in this textbook represent only a sample of the full range of issues that actually exists. For this reason, the Fifth Edition sticks to the basic ideas and ways that environmental economists have found to make the basic concepts and models more specific and relevant to concrete environmental issues. The basic structure and sequence of chapters are unchanged but contains new and updated material that reflects the new research efforts by environmental economists over the last few years.

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Editorial Reviews

For readers with no background in the field, presents the major principles of economics in a commonsense but rigorous manner and provides some examples of how they have been applied to issues of environmental quality. The topics include analytical tools, environmental and policy analysis, and international issues. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780073375762
  • Publisher: McGraw-Hill Higher Education
  • Publication date: 9/4/2008
  • Edition description: Older Edition
  • Edition number: 5
  • Pages: 512
  • Sales rank: 1,238,592
  • Product dimensions: 6.40 (w) x 9.10 (h) x 0.80 (d)

Table of Contents

Sect. 1 Introduction 1
1 What Is Environmental Economics? 3
2 The Economy and the Environment 23
Sect. 2 Analytical Tools 43
3 Benefits and Costs, Supply and Demand 45
4 Economic Efficiency and Markets 66
5 The Economics of Environmental Quality 86
Sect. 3 Environmental Analysis 111
6 Frameworks of Analysis 113
7 Benefit-Cost Analysis: Benefits 137
8 Benefit-Cost Analysis: Costs 160
Sect. 4 Environmental Policy Analysis 181
9 Criteria for Evaluating Environmental Policies 183
10 Decentralized Policies: Liability Laws, Property Rights, Voluntary Action 194
11 Command-and-Control Strategies: The Case of Standards 212
12 Incentive-Based Strategies: Emission Charges and Subsidies 233
13 Incentive-Based Strategies: Transferable Discharge Permits 257
Sect. 5 Environmental Policy in the United States 273
14 Federal Water Pollution-Control Policy 275
15 Federal Air Pollution-Control Policy 303
16 Federal Policy on Toxic and Hazardous Substances 332
17 State and Local Environmental Issues 363
Sect. 6 International Environmental Issues 389
18 Environmental Issues in Other Industrialized Countries 391
19 Economic Development and the Environment 412
20 The Global Environment 436
21 International Environmental Agreements 462
App: Abbreviations and Acronyms Used in the Book 483
Name Index 485
Subject Index 493
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