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The Economics of Environmental Quality - Edwin S. Mills

The Economics of Environmental Quality


Published: 17th February 1986
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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.

Prefacep. xiii
Basic Theoretical Analysisp. 1
Resources, Production, Consumption, and Pollutionp. 3
Economics and Environmental Quality: the Basicsp. 28
The Microeconomic Theory of Discharges and Environmental Qualityp. 50
Welfare Economics and Environmental Policyp. 84
Discharges and Environmental Quality in the United Statesp. 119
Air Qualityp. 123
Water Qualityp. 153
Land Quality and Other Environmental Quality Dimensionsp. 188
A Historical Sketch of Environmental Policy in the United Statesp. 219
A Critical Evaluation of Environmental Policy in the United Statesp. 244
Restructuring Environmental Programsp. 269
Environmental Problems and Policies Abroadp. 303
The Global Environmentp. 323
The Future of Environmental Economics: Epilogp. 346
Indexp. 355
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780393952704
ISBN-10: 0393952703
Audience: Tertiary; University or College
Format: Hardcover
Language: English
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
Weight (kg): 0.54
Edition Number: 1
Edition Type: Revised