An introduction to the economics of the environment, it provides a coherent chain of theoretical and empirical reasoning on environmental problems and measures to control them and reduce their severity. It equips the reader with the basic tools needed to assess the economic damage caused by materials discharged to air, water, and other environmental media.
The all-new Chapter 2 in this edition makes the text more accessible by applying the basic elements of microeconomics analysis to environmental issues: supply and demand for ordinary and environmental goods, emphasizing both similarities and differences; also market failure, public goods, property rights, the "free rider" problem, and externalities. A section on hazardous substances has been added along with a discussion of the latest environmental alternative reforms. The book now ends with a new chapter on the prospects for environmental economics.
In Part I, the authors establish a theoretical base for the material in subsequent sections. They review key elements of microeconomic theory and extend them to include polluting discharges. Principles of welfare economics, of market failure from externalities, and of benefit-cost analysis receive careful exposition. They are then applied to alternative government programs such as effluent fees, subsidies, and regulation designed to optimize resource allocation in the presence of externalities.
Part II draws together technical data on water, air, and solid-waste discharges. Sources, amounts, damages, abatement techniques, and benefit-cost calculations are pollutants. The final section deals with pollution-control programs now in effect, proposals for new policies, and future role of environmental economics.
|Basic Theoretical Analysis||p. 1|
|Resources, Production, Consumption, and Pollution||p. 3|
|Economics and Environmental Quality: the Basics||p. 28|
|The Microeconomic Theory of Discharges and Environmental Quality||p. 50|
|Welfare Economics and Environmental Policy||p. 84|
|Discharges and Environmental Quality in the United States||p. 119|
|Air Quality||p. 123|
|Water Quality||p. 153|
|Land Quality and Other Environmental Quality Dimensions||p. 188|
|A Historical Sketch of Environmental Policy in the United States||p. 219|
|A Critical Evaluation of Environmental Policy in the United States||p. 244|
|Restructuring Environmental Programs||p. 269|
|Environmental Problems and Policies Abroad||p. 303|
|The Global Environment||p. 323|
|The Future of Environmental Economics: Epilog||p. 346|
|Table of Contents provided by Publisher. All Rights Reserved.|
Audience: Tertiary; University or College
Number Of Pages: 384
Published: 17th February 1986
Publisher: WW Norton & Co
Country of Publication: US
Dimensions (cm): 21.6 x 14.7 x 2.8
Edition Number: 1
Edition Type: Revised