Environmental Economics: In Theory and Practice

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Overview

Environmental Economics in Theory and Practice provides a thorough and coherent review and discussion of environmental economics. It is a guide to the most important areas of natural resource and environmental economics, including the economics of non-renewable and renewable resource extraction, the economics of pollution control, the application of cost-benefit analysis to the environment, and the economics of sustainable development. The book concentrates on key elements of economic theory, and shows how they can be applied to real-world problems. Particular emphasis is placed on analyzing recent empirical studies from all over the world along with in-depth coverage of various economic models. Each chapter develops the main theoretical results and recent analytic techniques necessary for understanding applications. Throughout the book, results are presented in words, graphs, and mathematical models; brief technical notes inform readers about optimal control theory, the Kuhn-Tucker conditions, game theory, and linear programming. Moving through the laws of thermodynamics to an analysis of market failure, the book turns to the economics of natural resources and pollution control. It concludes with an examination of environmental cost-benefit analysis and sustainable development. A comprehensive text, it is particularly suitable for use in advanced undergraduate and graduate courses in environmental and resource economics. Because of up-to-date coverage, it will also be of interest to professionals working in resource and environmental economics.

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Product Details

  • ISBN-13: 9780195212549
  • Publisher: Oxford University Press, USA
  • Publication date: 11/14/1996
  • Pages: 480
  • Product dimensions: 6.38 (w) x 9.49 (h) x 1.69 (d)

Table of Contents

List of Figures
List of Tables
Introduction
Acknowledgements
1 The Economy and the Environment: Two Parts of a Whole 1
2 Market Failure 22
3 Economic Incentives for Environmental Protection: An Overview 58
4 Pollution Taxes for the Efficient Control of Pollution 106
5 Tradeable Pollution Permits 130
6 Transboundary Pollution Problems 159
7 An Introduction to the Economics of Natural Resource Exploitaton 177
8 Natural Resources: Types, Classification and Scarcity 216
9 An Economic Analysis of Non-renewable Natural Resources 227
10 Renewable Resource Economics 274
11 The Economics of Forestry Exploitation 335
12 The Theory of Non-market Valuation 356
13 Methods of Valuing Environmental Costs and Benefits 383
14 The Economics of Sustainable Development 425
Index 451
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