Environmental Economics In Theory and Practice,9780195212556

Environmental Economics In Theory and Practice

by ; ;
ISBN13: 9780195212556
ISBN10: 019521255X
Format: Paperback
Pub. Date: 1996-11-14
Publisher(s): Oxford University Press
List Price: $213.32

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Summary

The second edition of" Environmental Economics" has been fully updated and revised to take into account recent developments relating to the relationship between economics and the environment. New chapters on environmental risk, trade and the environment, and ecosystems and economics contribute to the stimulating analysis offered in this timely new edition.

Table of Contents

List of Figures
ix
List of Tables
xii
Introduction xiii
Acknowledgements xv
The Economy and the Environment: Two Parts of a Whole
1(21)
Introduction
1(1)
Interlinkages between the economy and the environment
2(9)
The first two laws of thermodynamics
11(2)
Conclusions
13(9)
Technical note: game theory
14(8)
Market Failure
22(36)
Introduction
22(2)
Incomplete markets
24(5)
Externalities
29(8)
Non-exclusion and the commons
37(5)
Non-rivalry and public goods
42(4)
Non-convexities
46(3)
Asymmetric information
49(7)
Concluding comments
56(2)
Economic Incentives for Environmental Protection: An Overview
58(48)
Introduction
58(3)
Price rationing: charges and subsidies
61(18)
Liability rules: non-compliance fees, bonds, and deposit refunds
79(8)
Quantity rationing: marketable permits
87(4)
Evaluative criteria
91(4)
Practical conditions for use of economic incentives
95(2)
Concluding remarks
97(9)
Technical note: mathematical programming
98(8)
Pollution Taxes for the Efficient Control of Pollution
106(24)
Introduction
106(1)
Efficiency properties of a tax on emissions
107(8)
Problems with pollution taxes
115(13)
Conclusions
128(2)
Tradeable Pollution Permits
130(29)
Introduction
130(1)
The basic theory of tradeable pollution permits
130(9)
Research issues in tradeable permit markets
139(16)
Conclusions
155(4)
Transboundary Pollution Problems
159(18)
Introduction
159(4)
Transboundary pollution as a problem of international externalities
163(3)
Transboundary pollution and game theory
166(7)
Conclusions
173(4)
An Introduction to the Economics of Natural Resource Exploitation
177(39)
Introduction
177(2)
Elementary capital theory
179(3)
The maximum principle of optimal control theory
182(7)
The application of the maximum principle to specific fishery management problems
189(13)
The discrete-time maximum principle and dynamic programming
202(4)
Wiener processes, Ito's processes and stochastic calculus
206(8)
Conclusions
214(2)
Natural Resources: Types, Classification and Scarcity
216(11)
Natural resource types and classification
216(1)
Measuring resource scarcity
217(8)
Conclusions
225(2)
An Economic Analysis of Non-renewable Natural Resources
227(47)
Introduction
227(1)
Market structure and the exploitation of non-renewable resources
228(20)
Production technology and extraction costs
248(10)
Applying the theory
258(6)
Government policy towards non-renewable resource taxation
264(2)
Uncertainty and the rate of resource extraction
266(4)
Summary
270(4)
Renewable Resource Economics
274(61)
Introduction
274(2)
Population growth models
276(5)
Static models of fishery exploitation in continuous time
281(5)
Static economic models of fisheries
286(2)
Comparative dynamic models of fishing
288(10)
Fisheries policy
298(5)
Applying the theory and the discrete-time model
303(5)
Extending the theoretical model
308(5)
Strategic behaviour in fishery management
313(12)
Fishing under uncertainty
325(7)
Summary
332(3)
The Economics of Forestry Exploitation
335(21)
Introduction
335(1)
The principles of commercial forestry economics
336(4)
Multi-use forestry and the socially optimal forest rotation
340(3)
Forestry land use and agriculture
343(7)
Forest policies
350(2)
The optimal forest rotation under uncertainty
352(2)
Summary
354(2)
The Theory of Non-market Valuation
356(27)
Introduction
356(1)
Measures of economic value
357(11)
Valuing risk and ex ante measures of value
368(4)
Issues in non-market valuation
372(9)
Concluding comments
381(2)
Methods for Valuing Environmental Costs and Benefits
383(42)
Introduction
383(1)
Direct methods of valuation
384(20)
Indirect methods of valuation
404(14)
Summary
418(7)
The Economics of Sustainable Development
425(26)
Introduction
425(1)
Possible sustainability rules
426(7)
Indicators of sustainability
433(10)
The Common-Perrings model of sustainable development
443(8)
Index 451

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