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The Theory of Environmental Policy - William J. Baumol

The Theory of Environmental Policy

Hardcover Published: 26th February 1988
ISBN: 9780521322249
Number Of Pages: 312

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In this book, Professors Baumol and Oates provide a rigorous and comprehensive analysis of the economic theory of environmental policy. They present a formal, theoretical treatment of those factors infuencing the quality of life. By covering both the theory of externalities and its application to environmental policy, the authors have retained the basic structure and organization of the first edition, which has become a standard reference in the field. In this edition, however, they have updated their analysis to incorporate recent research in enviromental economics.

Preface to the second edition
Preface to the first edition
Introduction: economic and environmental policy
On The Theory of Externalities
Relevance and the theory of externalities
Externalities: definition, significant types, and optimal-pricing conditions
Externalities: formal analysis
Uncertainty and the choice of policy instruments: price or quantity controls?
Market imperfections and the number of participants
Are competitive outputs with detrimental externalities necessarily excessive?
Detrimental externalities and nonconvexities in the production set
On optimal pricing of exhaustible resources
On The Design of Environmental Policy
Introduction to Part II
Efficiency without optimality: the charges and standards approach
Marketable emission permits for protection of the environment
Stochastic influences, direct controls, and taxes
Taxes versus subsidies: a partial analysis
Environmental protection and the distribution of income
International environmental issues
national or local standards for environmental quality?
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521322249
ISBN-10: 0521322243
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 312
Published: 26th February 1988
Country of Publication: GB
Dimensions (cm): 22.86 x 15.24  x 2.06
Weight (kg): 0.63
Edition Number: 2
Edition Type: Revised