Markets and the Environment / Edition 1

Markets and the Environment / Edition 1

by Nathaniel O. Keohane, Sheila M. Olmstead
     
 


Markets and the Environment is a concise yet comprehensive introduction to a topic of central importance in understanding a wide range of environmental issues and policy approaches. It offers a clear overview of the fundamentals of environmental economics that will enable students and professionals to quickly grasp important concepts and to apply thoseSee more details below

Overview


Markets and the Environment is a concise yet comprehensive introduction to a topic of central importance in understanding a wide range of environmental issues and policy approaches. It offers a clear overview of the fundamentals of environmental economics that will enable students and professionals to quickly grasp important concepts and to apply those concepts to real-world environmental problems. In addition, the book integrates normative, policy, and
institutional issues at a principles level.

Product Details

ISBN-13:
9781597260473
Publisher:
Island Press
Publication date:
07/13/2007
Series:
Foundations of Contemporary Environmental Studies Series
Edition description:
1
Pages:
288
Sales rank:
1,173,618
Product dimensions:
5.50(w) x 8.75(h) x 0.70(d)

Table of Contents


Chapter 1. Introduction
-Economics and the Environment
-Global Climate Change
-Organization and Content of This Book
-What We Hope Readers Will Take away from This Book
 
Chapter 2. Economic Efficiency and Environmental Protection
-Economic Efficiency
-Efficiency and Environmental Policy
-Equating Benefits and Costs on the Margin
-Dynamic Efficiency and Environmental Policy
-Conclusion
 
Chapter 3. The Benefits and Costs of Environmental Protection
-Measuring Costs
-Evaluating the Benefits
-Benefit-Cost Analysis
-Conclusion
 
Chapter 4. The Efficiency of Markets
-Competitive Market Equilibrium
-The Efficiency of Competitive Markets
-Conclusion
 
Chapter 5. Market Failures in the Environmental Realm
-Externalities
-Public Goods
-The Tragedy of the Commons
-Conclusions
 
Chapter 6. Managing Stocks: Natural Resources as Capital Assets
-Economic Scarcity
-Efficient Extraction in Two Periods
-A Closer Look at the Efficient Extraction Path
-The Critical Role of Property Rights
-Conclusion
 
Chapter 7. Stocks that Grow: The Economics of Renewable Resource Management
-Economics of Forest Resources
-Fisheries
-Conclusion
 
Chapter 8. Principles of Market-based Environmental Policy
-Array of Policy Instruments
-Market-Based Policies Can Overcome Market Failure
-Is It Preferable to Set Prices or Quantities?
-Conclusions
 
Chapter 9. The Case for Market-Based Instruments in the Real World
-Reducing Costs
-Promoting Technological Change
-Marked-Based Instruments for Managing Natural Resources
-Other Considerations
-Conclusions
 
Chapter 10. Market Based Instruments in Practice
-The U.S. Sulfur Dioxide Market
-Individual Tradable Quotas for Fishing in New Zealand
-Municipal Water Pricing
-Water Quality Trading
-Waste Management: "Pay As You Throw"
-Habitat and Land Management
-Conclusions
 
Chapter 11. Sustainability and Economic Growth
-Limits to Growth?
-Sustainability, in Economic Terms
-Keeping Track: Green Accounting
-Are Economic Growth and Sustainability Compatible?
-Conclusions
 
Chapter 12. Conclusion
-What Does Economics Imply for Environmental Policy?
-The Role of Firms, Consumers, and Governments
-Some Final Thoughts

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