Environmental economics Books

Book SynopsisFrontiers in Ecological Economics presents some of Robert Costanza's most important work on understanding ecological and economic systems. A signal contribution of Costanza's work is that he transcends disciplinary boundaries by collaborating closely with other specialists and thereby constructs an integrated analysis of the interaction between humans and the rest of the natural world.The book is divided into four parts; part one discusses the creation of an ecological economics, the second part considers material and energy flows in ecological and economic systems, part three surveys dynamic ecological and economic systems modelling and analysis and the final part explores the role of institutions and incentives in environmental protection. Main themes and issues include: environmental sustainability, managing environmental systems, energy and economic valuation in environmental systems and a concern for both the necessity and limitations of modelling ecological economic systems.The book improves access to Robert Costanza's work which has made a fundamental contribution to the development of ecological economics.Trade Review'This book is a must for anyone with an interest in ecological economics. The essays reflect his remarkable capacity to synthesise and enhance concepts and ideas of how to achieve a sustainable world which have their roots in more than one scientific discipline.' -- Roy Brouwer, The Economic JournalTable of ContentsContents: Introduction Part I: Creating an Ecological Economics Part II: Material and Energy Flows in Ecological and Economic Systems Part III: Ecological and Economic Systems Modelling and Analysis Part IV: Incentives and Institutions

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Book SynopsisEnvironmental Policy and Technical Change assesses the impact of environmental policy on technical change in cleaner technology. It focuses in particular on the possibility of inducing radical change in technology - a topic that is likely to move to the centre of the policy debate as people discover that incremental changes are not enough to achieve environmental sustainability.This innovative book sheds new light on the relationship between clean technology and environmental policy. It adopts an approach which combines a balance of both theoretical models of innovation and diffusion with empirical case studies. Dr Kemp examines policies such as subsidies, tradeable quotas, pollution taxes and emission standards in how they affect technical choices. Suggestions are offered on how environmental policies may be (re)designed towards the efficient conservation of environmental qualities by encouraging innovation in environmental benign technology.This important book will be essential reading for both researchers and environmental economists concerned with environmental policy and technical innovation.Trade Review'This book is worth reading (and understanding) for economists, politicians and students who are interested in learning about economics and the way it tries to contribute solutions to environmental conflicts. I found this a splendid approach for dealing with complex systems, which crosses scientific barriers and should make some of that science understandable to decision-makers.'Table of ContentsContents: 1. Introduction Part I: Theoretical Models of Innovation and Diffusion 2. A Critical Survey of Innovation Models in Pollution Control 3. New Models of Innovation in Pollution Control 4. An Interpretative Survey of Technological Diffusion Models 5. The Diffusion of Environmentally Beneficial Technological Innovations Part II: Empirical Studies of Environmentally Beneficial Technologies 6. The Diffusion of Biological Waste-Water Treatment Plants in the Dutch Food and Beverage Industry 7. The Diffusion of Thermal Home Insulation in the Netherlands 8. Case Studies of Cleaner Technologies 9. Technology Effects of Past Environmental Policies: An Overview Part III: The Problem of Technological Regime Shifts 10. Continuity and Change in Technological Regimes 11. Understanding Technological Regime Shifts 12. The Transition from Hydrocarbons 13. Conclusions References Index

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Book SynopsisMuch environmental deterioration - the greenhouse effect, deleption of the ozone layer and acid rain - has an intrinsic international dimension. The lack of a supra-national authority requires that countries agree on the decision to co-operate for pollution control. Hence, negotiations on international environmental issues need to be approached through appropriate policy strategies. This book presents new and important papers which examine international environmental negotiations and agreements seeking to protect the global environment. Policy analysis is performed within a game-theoretic strategic framework. Issues discussed include: existence, size and environmental impacts of self-enforcing agreements, the role of an arbitrator in environmental negotiations, the problems of interactions between environmental and trade and industrial polices, the influence of uncertainty on negotiations and agreements, the role of myopia of negotiators and of asymmetric interests between developed and less developed countries. This book not only presents current debates but also provides stimuli for further research.International Environmental Negotiations will be of special interest to students, academics and professional environmentalists as well as policymakers.Trade Review'The volume provides an interesting collection of game theoretical models applied to international environmental problems and includes a number of new extensions of more basic models.' -- Wolfram Kagi, Kyklos'. . . this volume is a very welcome addition to the literature, especially for those analysts working at the formal game modelling end of the spectrum.'– Richard Blackhurst, Economic JournalTable of ContentsContents: 1. Introduction (C. Carraro) 2. Heterogeneous International Environmental Agreements (S. Barrett) 3. Burden Sharing and Coalition Stability in Environmental Negotiations with Asymmetric Countries (M. Botteon, C. Carraro) 4. International Negotiations and Dispute Resolution Mechanisms: The Case of Environmental Negotiations (O. Compte, P. Jehiel) 5. R&D Cooperation and the Stability of International Environmental Agreements (C. Carraro, D. Siniscalco) 6. R&D Spillovers, Cooperation, Subsidies and International Agreements (Y. Katsoulacos) 7. International Environmental Agreements and Asymmetric Information (O. Chillemi) 8. The Interaction between International Environmental and Trade Policies (M. Le Breton, A. Soubeyran) 9. Measuring Benefits and Damages from Carbon Dioxide Emissions and International Agreements to Slow Down Greenhouse Warming (A. Xepapadeas, A. Yiannaka) 10. The Stability of International Environmental Coalitions with Farsighted Countries: Some Theoretical Observations (G. Ecchia, M. Mariotti) Index

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Book SynopsisFeaturing real world examples of how risk information affects public choices, The Economics of Environmental Risk expertly demonstrates that policymakers need to consider how people learn about those risks. Offering insights into examples such as hazardous waste, radon, smoking, hurricanes and terrorist threats over the past four decades, this intuitive book illustrates environmental risks and the choices made to mitigate the potential effects.Providing a deep dive into how public policies and information affect private choices, this book highlights the successes and failings of these choices, recognising how decisions made can have an influence on the hazards that are faced. It also focuses on important lessons to be learnt by officials providing information on risk and designing policies for managing them. Further consideration is also given to how experts understand these risks and how the public interprets the information provided.Scholars and students of public policy, risk analysis and environmental and resource economics will value the useful examples found in this informative volume. Policymakers in risk and insurance, and risk management programs will also find this an instructive guide on the ever-changing environmental risks we face.Trade Review‘Kerry Smith is a Renaissance Man of Economics. This book represents the master at work, drawing implications from research that traverses four decades of scholarship, the economics of environmental risk comes alive in ideas that scale, policies that are cost-effective, and insights that generalize to situations beyond risk. Anyone who wants to learn, or is just curious about pathbreaking economic work, should pick up this insightful and encyclopedic collection of articles.’ -- John List, University of Chicago, US‘Much of what I know about risk I learned from reading Kerry Smith’s papers in this volume. He is the master of understanding how microeconomic theory and real world behavior meld together to provide insights into how to communicate risk, value risk, and improve policies designed to help manage risk.’ -- Richard T. Carson, University of California, San Diego, US‘How much is it worth to decrease pollution? Kerry Smith, a pioneer in using surveys to understand the public’s perception and valuation of environmental health risks, brings together the insights he and his colleagues gleaned as they developed the methods that have become fundamental to evaluating environmental policy.’ -- James K. Hammitt, Harvard University, USTable of ContentsContents: I SETTING THE STAGE 1 ‘Introducing The Economics of Environmental Risk’, December 2022 2 II VALUING ENVIRONMENTAL RISK REDUCTIONS 2 ‘The Valuation of Environmental Risks and Hazardous Waste Policy’, with William H. Desvousges, Land Economics, 64 (3), August, 1988, 211–219 30 3 ‘An Empirical Analysis of the Economic Value of Risk Changes’, with William H. Desvousges, Journal of Political Economy, 95 (1), February, 1987, 89–114 39 4 ‘The Welfare Cost of Uncertainty in Policy Outcomes’, with Edward E. Schlee, Journal of Environmental Economics and Management, 98, September, 2019, 1–12 65 5 ‘Complementarity and the Measurement of Individual Risk Tradeoffs: Accounting for Quantity and Quality of Life Effects’, with Mary F. Evans, Environmental and Resource Economics, 41, November, 2008, 381–400 77 6 ‘VSL Reconsidered: What do Labor Supply Estimates Reveal about Risk Preferences?’ with Subhrendu K. Pattanayak and George L. Van Houtven, Economics Letters, 80 (2), 2003, 147–153 97 III RISK PERCEPTION AND CONTEXT 7 ‘How Do Risk Perceptions Respond to Information? The Case of Radon’, with F. Reed Johnson, Review of Economics and Statistics, 70 (1), February, 1988, 1–8 105 8 ‘Subjective Versus Technical Risk Estimates: Do Risk Communication Policies Increase Consistency?’, with William H. Desvousges, Economics Letters, 31, December, 1989, 287–291 113 9 ‘Risk Communication and Attitude Change: Taiwan’s National Debate over Nuclear Power’, with Jin Tan Liu, Journal of Risk and Uncertainty, 3, December, 1990, 331–349 118 10 ‘Information, Addiction, and “Bad Choices”: Lessons from a Century of Cigarettes’, with Frank A. Sloan and Donald H. Taylor, Jr., Economics Letters, 77, September, 2002, 147–155 137 11 ‘Longevity Expectations and Death: Can People Predict Their Own Demise?’ with Donald H. Taylor, Jr. and Frank A. Sloan, American Economic Review, 91 (4), September, 2001, 1126–1134 146 IV DO RISK INFORMATION PROGRAMS ‘WORK’? 12 ‘Learning About Radon’s Risk’, with William H. Desvousges, Ann Fisher and F. Reed Johnson, Journal of Risk and Uncertainty, 1, June, 1988, 233–258 156 13 ‘Can Public Information Programs Affect Risk Perceptions?’ with William H. Desvousges, F. Reed Johnson and Ann Fisher, Journal of Policy Analysis and Management, 9 (1), Fall, 1990, 41–59 182 14 ‘Do Risk Information Programs Promote Mitigating Behavior?’, with William H. Desvousges and John W. Payne, Journal of Risk and Uncertainty, 10, May, 1995 203–221 201 15 ‘Communicating Radon Risks Effectively: The Maryland Experience’, with William H. Desvousges and Hiller H. Rink III, Journal of Public Policy and Marketing, 11 (1) Fall, 1992, 68–78 220 16 ‘Terrorist Threats, Information Disclosures, and Consumer Sovereignty’, with Carol Mansfield and H. Allen Klaiber, Information Economics and Policy, 25, December, 2013, 225–234 231 V BEHAVIORAL RESPONSES TO RISK 17 ‘The Value of Avoiding a LULU: Hazardous Waste Disposal Sites’, with William H. Desvousges, Review of Economics and Statistics, 68 (2), May, 1986, 293–299 242 18 ‘Risk Communication and the Value of Information: Radon as a Case Study’, with William H. Desvousges, Review of Economics and Statistics, 72 (1), February, 1990, 137–142 249 19 ‘Do Smokers Respond to Health Shocks?’, with Donald H. Taylor, Jr., Frank A. Sloan, F. Reed Johnson and William H. Desvousges, Review of Economics and Statistics, 83 (4), November, 2001, 675–687 255 20 ‘Valuing a Homeland Security Policy: Countermeasures for the Threats from Shoulder Mounted Missiles’, with Carol Mansfield and Laurel Clayton, Journal of Risk and Uncertainty, 38, June, 2009, 215–243 268 21 ‘Adjusting to Natural Disasters’, with Jared C. Carbone, Jaren C. Pope, Daniel G. Hallstrom, and Michael E. Darden, Journal of Risk and Uncertainty, 33, 2006, 37–54 297 22 ‘Who Lives in Flood Prone Areas?’, with Ben Whitmore, 2022 315 VI POLICY DESIGN FOR RISKS 23 ‘Can Environmental Bonds Manage Policy-Induced Risks?’ Prepared for the Environment Canada Research Network through the University of Ottawa, October 2014 332 24 ‘Pre-positioned Policy as Public Adaptation to Climate Change’, June 2010 366

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Book SynopsisThis book offers original economic analyses on the economy-environment relationship in Eastern and Central Europe. Drawing on the Hungarian experience, it provides empirical evidence on the reform of environmental policy which can be applicable to similar problems in other transition economies.The macroeconomic shocks of the transition process in Central and Eastern Europe have been exceptional in both their intensity and speed. The implications of this adjustment process are examined in relation to their effects on environmental policy, with special emphasis on the rethinking of standard environmental policy recommendations for transition economies. The authors focus on a variety of issues including the environmental concerns raised by the privatization process and to what extent the less rigorous environmental regulations in Hungary attract foreign direct investment. There is also a critical overview of the existing literature and an examination of the costs of reducing air pollution and the use of the contingent valuation method to measure the economic benefits of improving air quality in Hungary. In addition the authors assess the effects of industrial restructuring on emissions and analyse incentive-based policy measures including prospects for emission trading. Their conclusions challenge the common perception that energy pricing policy is the most important policy measure to induce structural changes in transition economies that are beneficial to the environment. Economics for Environmental Policy in Transition Economies will be of interest to policymakers, academics and postgraduates working in the fields of transition economics, environmental economics and environmental valuation.Table of ContentsContents: Preface 1. Environmental and Economic Reforms in the Central and Eastern European Transitional Economies (M.A. Toman) 2. Direct Impacts of Industrial Restructuring on Air Pollutant and Hazardous Waste Emissions in Hungary (P. Kaderják and Á. Csermely) 3. Environmental Impacts of Industrialization in Hungary (E. Páczi and P. Kaderják) 4. Cheap Environmental Services in Hungary: How Attractive are they for Foreign Investors? (P. Kaderják) 5. Practical Experience, International Agreements and the Prospects for Emission Trading in CEE (G. Klaasen) 6. The Cost of Alternative Policies to Reduce SO2 Emission in Hungary: A Case for the Power Sector (P. Kaderják and Z. Lehoczki) 7. Empirical Benefit Estimates for Improving Air Quality in Hungary (J. Powell, P. Kaderják and F. Verkoijen) 8. Economics for Environmental Policy in the Central Eastern European Transformation: How are the Context and Textbook Prescriptions Related? (P. Kaderják) Index

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Book SynopsisThis challenging book addresses environmental and resource management problems that continue to emerge despite increasing attempts at regulation. It proposes a proactive approach to environmental and resource management through the design of institutions and organizations. In addition, it suggests that social rules for environmental management can be improved by taking into account the social costs of externalities and the administrative and transaction costs to reduce them.The chapters in this book draw design ideas from four sources: theory, field studies, simulation and experiment. In the first section, contributors discuss concepts for institutional design including incentives, information, fairness, sustainability, transaction costs, and coordination. Models for policy design in the second section apply welfare economics and game theory to international pollution regulation, cost sharing for pollution reduction, enforcement systems, policy instruments and liability rules. In the final section, experimental methods for institutional design are applied to marketable pollution permits, groundwater laws and markets with uncertainty. Integrating economics with ideas from political science, psychology, and game theory, Designing Institutions for Environmental and Resource Management will be of interest to all those endeavoring to improve environmental policy.Trade Review'A well-written introduction by the editors is followed by 19 chapters with different authors.' -- Peter Soderbaum, Environmental ValuesTable of ContentsContents: Introduction Part I: Concepts for Institutional and Organizational Design Part II: Quantitative Models in Institutional Design Part III: Experimental Methods in Institutional Design

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Book SynopsisThis major new book presents recent advances in the theory and practice of environmental valuation and resource management. Leading experts in the field present methodological and empirical evidence for applying valuation methods to ecological policy problems.The methodological contributions examine such themes as uncertainty, distributional conflict, positional analysis, weak comparability and the need for collective solutions to environmental problems. Case studies are incorporated to support these theoretical reflections. A number of empirical studies are used to demonstrate and evaluate valuation practices in a variety of institutional and policy settings. These range from international environmental issues such as climate change and transboundary atmospheric pollution, to species preservation and coastal ecosystem protection. The contributors conclude that effective approaches for the evaluation of environmental risks, degradation and benefits must be specifically designed as functions of institutional, social and ecological factors.Valuation and the Environment will be essential reading for students and scholars of environmental and ecological economics, environmental management and regulation, resource management and public policy.Trade Review'The book will be worthwhile reading for those environmental and ecological economists who are interested in environmental valuation and its connections to sustainability issues. It will also be of interest to environmental policymakers, and would make a valuable supplementary source of readings for a course on sustainable development. Finally, the book is generally well edited and nicely laid out. . .'Table of ContentsContents: 1. Introduction 2. Commensurability and Compensability in Ecological Economics 3. Sustainable Decision-Making 4. Environmental Protection 5. Valuation as Part of a Microeconomics for Ecological Sustainability 6. Cost–Effectiveness Analysis of Forest Biodiversity Enhancement 7. The Relevance of Economic Valuation for Species Conservation Policy 8. Willingness to Pay, Willingness to Accept 9. Assessing Public Preferences for the Conservation Quality of the British Coast 10. On Behavioural Intentions in the Case of the Saimaa Seal 11. Sustainable Development and Appraisal Methodology 12. Combining Economics, Ecology and Philosophy 13. Taking Non-Monetizable Impacts (NMIs) into Account in an Eco-Development Strategy 14. Towards an Integrated Understanding of Environmental Quality 15. Institutional Solutions for Sustainable Management of Global Genetic Resources – A Constitutional Economics Approach 16. International Environmental Issues

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Book SynopsisThis important new book presents a state-of-the-art assessment of how economic models can be used by different levels of government to combat environmental problems. It considers policies for climate change and transport that can be used at federal and confederal levels of government.The authors examine the unique aspects of environmental policy making in a multi-layered government using empirical case studies covering Europe and the US. They consider the causes of pollution at three levels - federal government, local government and industries and firms. Concentrating on greenhouse gas abatement and the transport sector, they use quantitative techniques to compare alternative policy solutions. This quantitative approach overcomes problems of some inconclusive theoretical prescriptions, which often depend on combinations of particular parameter values. In addition, this method makes it possible to investigate the costs and benefits of a particular solution, and the distribution effects between different groups. This approach also provides insights into the economic consequences of the application of local versus national or federal policies. Climate Change, Transport and Environmental Policy provides the necessary analysis required for environmental policy making in that it uses a quantitative approach to balance the costs and benefits of alternative policy options.Climate Change, Transport and Environmental Policy is an important addition to the literature and will be welcomed by environmental policymakers at the local, regional, national and international level as well as scholars and postgraduate students in environmental economics and public policy.Trade Review'As a whole, the book is quite impressive. It takes a fresh look at a number of critical problems, and gives us a number of constructive insights . . . this reader believes that the book belongs on the shelf of any serious practitioner in this field. It also could prove to be quite beneficial as supplemental reading for graduate-level classes in environmental economics.'Table of ContentsContents: 1. Introductory 2. Alternative CO2 Abatement Strategies for the European Union 3. National Economic Impacts of an EU Environmental Policy: An Applied General Equilibrium Analysis 4. Environmental Fiscal Reforms in a Federal Europe 5. Coordinated versus non-coordinated European Energy/Carbon Tax Solutions Analysed with GEM-E3 Linking the EU-12 Countries 6. Who’s in the Driver’s Seat? Mobile Source Policy in the US Federal System 7. Deriving and Selecting Policy Instruments to Meet Air Quality Standards in the European Union 8. Central Versus Local Regulation of Gasoline Related Automobile Emissions: The Contrasting Cases of Lead, CO and Precursors 9. Regional and Federal Interests in Transport and Environmental Policy Making: The Case of Belgium Contributors: J. Braden, C. Böhringer, B. de Borger, P. Capros, C. Carraro, K. Conrad, Z. Degraeve, C. Denis, M. Ferris, M. Galeotti, P. Georgakopoulous, J.V. Hall, W. Harrington, G.J. Koopman, V. McConnell, S. Ochelen, S. Proost, D. van Regemorter, T.F. Rutherford, T. Schmidt, D. Swysen, L. Teunen, M. Walls, S. Zografakis

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Book SynopsisThis book is the first systematic and comprehensive analysis of the economic implications of carbon abatement for the Chinese economy. It evaluates the economics of climate change and provides national, cost-effective policies for climate change. The book consists of three main parts, firstly, an analysis of the Chinese energy system to increase awareness of the implications of this sector for China's future carbon dioxide emissions, secondly, a macroeconomic analysis of carbon dioxide emissions limits using a newly-developed computable general equilibrium model of the Chinese economy; and fianlly, a cost-effective analysis of carbon abatement options by means of a technology-oriented dynamic optimization model. The author begins by introducing some of the economic aspects of climate change including the consequences of climate change,damage estimates of carbon dioxide emissions, strategies for responding to climate change and policy instruments to control carbon dioxide emissions. This discussion then focuses on the Chinese energy system and possible sectoral and macroeconomic effects of limiting carbon dioxide emissions. In this examination Dr Zhang considers the effects of recycling carbon tax revenues and compliance with carbon dioxide limits in China's power industry. The author also evaluates various economic models in analyzing cost estimates for limiting carbon dioxide emissions, including an input-output approach, dynamic optimization and a computable general equilibrium approach. Finally, there is a discussion of technological aspects of carbon abatement in the Chinese power industry. The Economics of Energy Policy in China will be of interest to energy and environmental economists and policymakers.Trade Review'Given the towering importance of China in world environmental planning, this book is a must read for anyone attempting to understand world climate change issues. In addition, it provides planners with a much needed reference on all aspects of the Chinese energy sector . . . The book makes a significant contribution in three main areas. First, it gives us a first class description of all the issues that are contributing to the climate change debate and puts the case of China into its proper context within that debate. Secondly, the author's description of the Chinese energy sector in Chapter 3 is most informative and lucid. Finally, his CGE model is impressive and his model's simulation results are quite plausible . . . I strongly recommend this book as reading material for anyone seriously interested in the public policy issues that relate to climate change. It will probably remain the definitive work on China and joint implementation for years to come.'Table of ContentsContents: 1. Introduction 2. Some Economic Aspects of Climate Change 3. Analysis of the Chinese Energy System: Implications for future CO2 Emmissions 4. Economic Modelling Approaches to Cost Estimates for Limiting CO2 Emissions 5. A Computable General Equilibrium Model for Energy and Environmental Policy Analysis 6. Data, Model Calibration and Solution 7. Macroeconomic Analysis of CO2 Emission Limits for China: A CGE Approach 8. Cost-Effective Analysis of Carbon Abatement 9. Conclusions Index

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Book SynopsisWhat is the appropriate design for environmental regulation? Gert Tinggaard Svendsen sheds new light on the appropriate mix of economic instruments to implement environmental regulation in the context of the world-wide attempts to abate CO2 emissions.Gert Tinggaard Svendsen offers a detailed and comprehensive study of two alternative methods for controlling CO2 emissions - tradable permits and taxation - using examples of varying success from the United States and Europe. He applies a blend of environmental economic theory and public choice theory to analyse these methods and reveals that they both have merits. He proposes a design incorporating the best features of the two approaches because it is both cost-effective and politically and administratively feasible. In the case of C02 regulation, a CO2 permit market based on the US experience with free historical emissions should be applied in relation to industry, electric utilities and environmental organisations. The author proposes that a CO2 tax should be applied to non-organized interests, such as households and the transport sector, based on the EU experience. In particular, these policy recommendations are applied to potential CO2 permit markets in Europe and the United States.The interdisciplinary approach and the resulting policy recommendations make this book relevant to policymakers and academics across the social sciences. It will be particularly pertinent to those interested in environmental economics and public choice economics.Trade Review'This book is a valuable resource for policymakers, administrators, academics, and even for economic students. It provides a framework for understanding the theory and mechanics of markets in environmental quality and the political economy of incentive-based policy approaches. . . . The book's interdisciplinary approach and public choice orientation makes it valuable reading for policymakers as well as academic analysts. The highly detailed organizational structure of the book should recommend it even to the busy policymaker. . . . The book is a well-organized survey of the subject. It will be helpful to those policymakers who need it most and useful for economists and public choice specialists who might also find it an important resource for graduate classes.'Table of ContentsContents: 1. Introduction 2. Public Choice and Lobbyism 3. Tax Systems and Permit Markets 4. US Permit Markets 5. Lobbyism: US Interest Groups 6. Potential Co2 Market 7. Conclusion

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Book SynopsisThis book provides a comparative overview of the environmental and resource problems experienced in the Nordic and Baltic regions. It considers policies to combat environmental challenges and evaluates future economic growth and economic integration between the region and Western Europe.Using eight country case studies, the contributors assess recent policies to address environmental problems in the region and examine the choice of policy instruments used in the various countries. They study the Baltic countries of Estonia, Latvia, Lithuania, and the Nordic countries of Finland, Sweden, Norway, Denmark and Iceland and consider the relationship between environmental policies of these and other European countries. In addition they also debate issues such as: international environmental cooperation environmental problems within the context of political debate international financial assistance for environmental projects comparative aspects of economic theory and policy concerning resources, the environment and economic growth Environmental Transition in Nordic and Baltic Countries will be welcomed by academics interested in environmental economics and transition economies as well as policymakers in governmental and non-governmental organizations.Trade Review'One would wish that every person living in a Nordic or Baltic country would read this book to see through the political rhetoric. More realistically, the book should be required reading for any Nordic journalist writing on environmental policy. Within the academic community, the book would give political scientists as well as economists some valuable insights.' -- Peder Hjorth, Local EnvironmentTable of ContentsContents: Part I: Introduction Part II: Nordic Countries Part III: Baltic Countries Part IV: International Co-Operation

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Book SynopsisThis important book explores the cutting edge of contemporary environmental policy. It examines key issues and proposes innovative strategies for environmental problems facing us in the twenty-first century.The authors argue that the current structure of human activity is not sustainable and that there is a need for fundamental change in the way the environment is perceived and how decisions affecting the environment are made. They address the subject of environmental policy from the perspective of sustainability and issues related to equity. Included in the discussion is an examination of agricultural sustainability and biodiversity, energy productivity, technological change, ecological sustainability and industrial competitiveness, environmental valuation and the role of international finance for environmental settlements. In conclusion the authors argue for greater social assessment in decision making, and a need to involve a wider population in the decision-making process emphasising democracy, transparency, fairness, reciprocity and community.Sustainability and Global Environmental Policy will be of interest to policymakers in government and non-government institutions and academics working in the fields of environmental and development studies.Trade Review'Most of the papers are of good quality and written in a clear style that is also understandable to policymakers. One of the book's advantages is its comprehensive subject and author index. It also has a list of contributors with the authors' current affiliation, something that unfortunately has still not become a standard for comparable books yet.' -- Eric Neumayer, KyklosTable of ContentsContents: 1. Introduction: New Environmental Policy Dimensions (A. Dragun and K. Jakobsson) 2. Reconciling Internal and External Policies for Sustainable Development (H. Daly) 3. Sustainability as the Basis of Environmental Policy (P. Ekins) 4. Biophysical and Objective Environmental Sustainability (R. Goodland) 5. Agricultural Sustainability and Conservation of Biodiversity: Competing Policies and Paradigms (C. Tisdell) 6. Energy Productivity and Sustainability in Swedish Agriculture – Some Evidence and Issues (H.-E. Uhlin) 7. Technological Change, Ecological Sustainability and Industrial Competiteveness (S. Faucheux) 8. Environmental Valuation: From the Point of View of Sustainability (M. O’Connor) 9. Environment, Equity and Welfare Economics (A. Dragun and K. Jakobsson) 10. Evaluation and Environmental Policies: Recent Behavioural Findings and Further Implications (J.L. Knetsch) 11. Tournament Incentives in Environmental Policy (J. Shogren and T. Hurley) 12. The Production of Biodiversity: Institutions and the Control of Land (I. Hodge) 13. Development and Global Finance: The Case for an International Bank for Environmental Settlements (G. Chichilnisky) 14. Dynamic Systems Modelling for Scoping and Consensus Building (R. Constanza and M. Ruth) 15. Conclusions: Future Horizons for Global Environmental Policy (A. Dragun and K. Jakobsson) Index

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Book SynopsisGlobal Environmental Change and Agriculture offers a comprehensive perspective on the causes, consequences and possible policy solutions for climatic change as we move into the twenty-first century. It assesses the impact of potential future global climate change on agriculture and the need to sustain agricultural growth for economic development.The book begins by examining the role of international research institutions in overcoming environmental constraints on sustainable agricultural growth and economic development. The authors then discuss how agricultural research systems may be restructured to respond to global environmental problems such as climate change and loss of genetic diversity. The discussion then extends to consider environmental accounting and indexing, to illustrate how environmental quality can be included formally in measures of national income, social welfare and sustainability. The third part of the book focuses on the effects of and policy responses to climate change. Chapters examine the effect of climate change on production, trade, land use patterns and livelihoods. They consider impacts on the distribution of income between developed and developing countries and between different social classes within the developing world, where agriculture remains a major economic activity. Authors take on an economy-wide perspective to draw lessons for agricultural, trade, land use and tax policy.This book will be of special interest to agricultural, development and environmental economists as well as policy analysts in government and at international agencies confronting practical problems of environmental and economic assessment.Trade Review'. . . as a review of the state of knowledge and research on the subject, particularly concerning the agricultural consequences of climate change, it is highly recommended.' -- Clive Potter, EnvironmentTable of ContentsContents: 1. Introduction Part I: Global Environmental Change: Implications for Agricultural Research Systems 2. Research Systems for Sustainable Agricultural Development 3. Agricultural Diversity: Do We Have the Resources to Meet Future Needs? Part II: Environmental Accounting and Indexing 4. Environmental Distortions and Welfare Consequences in a Social Accounting Matrix Framework 5. Environmental Accounting and Agriculture 6. Vulnerability of Crops to Climate Change: A Practical Method of Indexing Part III: Climate Change: Adaptation and Mitigation 7. Assessing Research on the Impacts of Climate Change on Agriculture 8. Climate Change and Agriculture: Effects on Developing Countries 9. Climate Change, World Agriculture and Land Use 10. Carbon Abatement: Lessons from Second-Best Economics

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Book SynopsisEconomic Policy and Climate Change focuses on the design, implementation and consequences of a feasible system of tradable carbon permits to reduce greenhouse gas emissions within the context of the European Union.Economic instruments are considered fundamental in reducing atmospheric pollution, especially carbon dioxide emissions. This important book outlines the design of an achievable system of tradable emission permits in the EU. It considers the distribution of permits, the problem of monitoring and enforcement and the possibility that the system might create a barrier to potential entrants to industry. This is especially important because entry barriers will affect the whole economy and long-term industry dynamics. The analysis then extends to consider the use of tradable permits and taxes in the context of international cooperation on emissions reduction. International agreements are examined within the framework of a second-best, two country model in which governments reduce emissions and raise revenue simultaneously. The author concludes that it is not welfare-maximizing to trade permits between countries if emission limits and side-payments have not first been agreed.This book will be of special interest to environmental economists, environmentalists and policymakers.Trade Review'I found Koutstaal's approach a useful contribution to the debate. . . I think that this book will be a very interesting introduction to the design of environmental economic instruments to policymakers interested in the use of them at an international level.'Table of ContentsContents: 1. Introduction 2. Designing a System of Tradable Carbon Permits for the EU 3. Entry Barriers and Tradable Permits: Overview and Transaction Costs 4. Entry Barriers and Tradable Permits: Imperfect Capital Markets and Exclusion 5. Coordination of Environmental Policy in a Second-best World 6. Tradable Permits and Coordination of Environmental Policy in a Second-best World 7. Conclusions Index

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Book SynopsisThis important new book is a practical guide to the design of policies for effective energy conservation. Drawing on a wide range of European experiences, it analyses and evaluates the weaknesses of current conservation policies. The authors advance proposals that will ensure that political, administrative and energy conservation resources are used to maximum effect. Based on original investigations of conservation policies the book examines: the use of grants and subsidies to encourage investment in the conservation of energy in domestic housing and public buildings the use of information to inform householders of their conservation options and the implications of these options the use of regulation to encourage the use of combined heating power demand-side management by utility companies institutional development as a means of engendering 'bottom-up' conservation initiatives The main lesson is that it is not the policy per se but its design and execution which dictates performance. The key variables in shaping such performance are identified and discussed.This timely book will be invaluable for those responsible for designing and implementing energy conservation policies and will be of special interest to those researching the practice of energy conservation.Table of ContentsContents: Introduction 1. Government Investment and Subsidies: Experience in Ireland, the United Kingdom, the Netherlands, Germany and Denmark 2. Information and Consultation: The German Experience 3. The Case of Combined Heat and Power in the European Union 4. Demand-side Management (DSM) 5. Institutional Design: Area Implementation of Energy Conservation in France 6. Summary and Conclusions Index

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Book SynopsisPollution and the Firm is an important book which presents new concepts of the marginal cost of substituting non-pollutive for pollutive goods. Technical in its approach it complements the other literature in the field and will be a significant contribution to the understanding of microeconomic issues in pollution control. The book focuses on three main concepts: substitutions in consumption, emission abatement and exposure avoidance. The first part considers the adjustment of the scope and combination of goods produced as a method for controlling pollution. The author argues that pollution is controlled by increasing the relative price of the polluting good in the production process; thereby reducing demand and subsequent production of the good. In the second part the discussion is extended to include the possibilities of preventing or abating emissions in relation to three models: first, pollution prevention when non-polluting inputs and processes are substituted for pollutants; second, when a proportion of the polluting output is recycled rather than being discarded; and finally end-of-pipe abatement where additional technology is used. In conclusion the author assesses the extent to which pollution damage is controlled by avoidance of emissions, with avoidance being modelled as an add-on technology with its own returns to scale.This important book combines theories of the firm with a welfare economics approach to pollution control, and will be welcomed by environmental and resource economists as well as microeconomists with an interest in environmental issues.Trade Review'I am sure that, for an economist, this text will contribute a great deal to the debate on welfare economic techniques for reducing pollution from firms. The style of the book is very technical and will be welcomed by specialists in the field of environmental and resource economics.'Table of ContentsContents: Part I: Controlling Pollution by Adjusting the Combination of Goods Produced Part II: Controlling Pollution by Preventing or Abating Emissions and by Adjusting the Combination of Goods Produced Part III: Controlling Pollution by Avoiding Exposure, by Preventing or Abating Emissions, and by Adjusting the Combination of Goods Produced Index

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Book SynopsisThis ground-breaking book focuses on neo-Austrian capital theory and its application to the modelling of long-run economy-environment interactions.The book begins by presenting an overview of the modelling approach and offers an historical survey of capital theory and its development. The authors then provide a detailed introduction to the neo-Austrian modelling technique and extend it to include time horizons and growth models. The model is then applied to environmental issues such as green national accounts, resource rents and climate change to show how the neo-Austrian approach gives fresh and illuminating insights. An empirical application to the iron and steel industry is also presented.Capital and Time in Ecological Economics will be of interest to ecological and environmental economists, economic capital theorists and all those following developments in the neo-Austrian approach to economics.Trade Review'This book is a wonderfully clear presentation of Neo-Austrian capital theory with extensions to economies which use natural resources, which emit pollution, and which have recycling possibilities. It will be of interest to economists interested in capital theory and to environmental economists interested in finding non-neoclassical tools with which to analyze environmental problems. . . Overall, this volume represents an excellent introduction to neo-Austrian capital theory, an ambitious attempt to incorporate environmental degradation and natural resource depletion into a neo-Austrian model, and a strong argument for considering activity analysis instead of smooth production functions in both theoretical and applied economics.' -- G.A. Lozada, Journal of Economics / Zeitschrift fur NationalokonomieTable of ContentsContents: Preface Part I: Introduction and History 1. The Nature of the Approach 2. Historical Background to Neo-Austrian Capital Theory Part II: The Neo-Austrian Approach 3. Neo-Austrian Capital Theory: The 3-Sector, 2-Period Model 4. Extending the Time Horizon Part III: Extensions to the Neo-Austrian Approach 5. The Innovation of Techniques and the Time Horizon 6. A Comparison Between Neoclassical and Neo-Austrian Growth Models Part IV: Introducing the Environment into the Neo-Austrian Model 7. National Accounting, Time and the Environment 8. Natural Resource Rents and Economic Dynamics 9. Climate Change and Economic Development Part V: Further Neo-Austrian Environmental Models 10. A Neo-Austrian Model with Pollution and Resources 11. Introducing Recycling into the Neo-Austrian Model 12. The Iron and Steel Industry: A Neo-Austrian Interpretation References Index

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Book SynopsisThis impressive volume analyzes revealed preference approaches to modelling the demand for recreational resources. It presents one of the most thorough treatments of methods that rely on observed behavior to estimate the value of environmental amenities.The authors have brought together a collection of papers by top applied environmental economists, providing professional economists and policy analysts with a comprehensive reference on the current state-of-the-art in recreation demand analysis. The papers encompass both the theory of welfare measurement and practical applications. This volume will be essential reading for those interested in 'tooling up' on revealed preference approaches. For long-term practitioners, the papers provide an invaluable reference on recent developments in their field.Trade Review'Although it deals with valuing recreational resorts using revealed preference methods, this is not a book to bring to your recreation resort. The papers which make up the content are so interesting, well-written and contain such a wealth of information that you will not find time to explore even the sunniest beaches or the most scenic landscapes.' -- Henk Folmer, Wageningen Agricultural University and Tilburg University, the NetherlandsTable of ContentsContents: Preface 1. The Behavioral Basis of Non-Market Valuation 2. Welfare Analysis with Discrete Choice Models 3. TWO RUMS UnCLOAKED: Nested-Logit Models of Site Choice and Nested-Logit Models of Participation and Site Choice 4. Mixed Logit Models for Recreation Demand 5. An Empirical Assessment of Multinominal Probit and Logit Models for Recreation Demand 6. Corner Solution Models of Recreation Demand: A Comparison of Competing Frameworks 7. Joint Estimation of Contingent Valuation and Truncated Recreational Demands 8. Nonresponse Bias in Mail Survey Data: Salience vs. Endogenous Survey Complexity 9. Recreation Demand Systems for Multiple Site Count Data Travel Cost Models 10. Can We Count on Count Models? Index

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Book SynopsisEconomy and Ecosystems in Change addresses ecological problems from an economic perspective, and provides policy suggestions for resource management and environmental sustainability based on integrated, multidisciplinary information, methods and applications.The book begins by introducing the different approaches and applications within ecological economics and clarifying new elements and fundamental principles. This initial discussion includes a comparison between ecological and environmental economics and the evaluation and function of ecosystems. The authors then examine the macroeconomy-ecosystem relationship with reference to national and global processes, focusing specifically on employment versus sustainability, trade, industrial transformation and rural development. In the third part there is an evaluation of whether ecosystems and economics can be treated independently; it is argued that the integration of these fields provides more complete insights and information for addressing the complex relationships between human activities and natural processes. Finally, the authors consider the institutional environment and policies affecting public ecosystems subject to economic uses. Using case study evidence, they conclude that public policy often supports an unsustainable use of resources. To counter this the authors propose policy and management options based on natural resource accounts, practical policy objectives and the precautionary principle.Economy and Ecosystems in Change will be of interest to ecological, environmental and resource economists and policymakers.Trade Review'This edited volume, which draws on papers presented at the Third Meeting of the International Society for Ecological Economics in 1994, provides an interesting and readable survey of an important area of inquiry and practice. The conference organizers sought to promote "down-to-earth" applications of the conceptual frameworks championed by ISEEs founders, and the book presents case studies from a wide range of geographical and substantive contexts. . . . The result is a book that reflects the methodological richness, conceptual pluralism, and operational implications of ecological economics. . . . the text remains fresh and insightful, contributing significantly to the developing literature in this field.'Table of ContentsContents: Preface 1. Ecological Economics Between Theory and Policy (J. van den Bergh, J. van der Straaten) Part I: Economics, Ecosystems, and Uncertainty 2. Ecological Economics: Paradigm or Perspective (K. Turner, C. Perrings, C. Folke) 3. Toward an Integration of Uncertainty, Irreversibility, and Complexity in Environmental Decision Making (S. Faucheux, G. Froger, G. Munda) 4. Emergent Complexity and Ecological Economics (S. Funtowicz, M. O’Connor, J. Ravetz) 5. Multi-criteria Evaluation as a Multidimensional Approach to Welfare Measurement (G. Munda) Part II. Macro-Scale 6. Effective Demand and Weak Sustainability: A Macroeconomic Model (C.E. F. Young) 7. Theories of International Trade and the Environment: Comparison and Critique (C. van Beers, J. van den Bergh) 8. Trade, Equity, and Regional Environmental Sustainability (J. Gowdy) 9. Sustainable Agriculture and Rural Development in China: Past Experiences and Future Potential (F. Qu, A. Kuyvenhoven, N. Heerink, T. van Rheenen) 10. Structural Change, Growth, and Dematerialization: An Empirical Analysis (S. de Bruyn, J. van den Bergh, J. Opschoor) Part III. Ecosystem Scale 11. Economic Cultures and Ecology in a Small Caribbean Island (S. Cole) 12. Sustainability and Rangeland Management (J. Arntzen) 13. Valuing Ecosystem Change: Theory and Measurement (S. Kask, J. Shogren, P. Morton) Part IV. Institutional Scale: Policy and Management Options 14. Strategic Planning for Sustainable Development in Indonesia Using Natural Resource Accounts (G.-M. Lange) 15. Limited Knowledge and the Precautionary Principle: On the Feasibility of Environmental Policies (F. Hinterberger, G.Wegner) 16. Developing Countries’ Primary Exports and the Internalizaiton of Environmental Externalities (H. Kox) Index

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Book SynopsisThe transfer study, a technique used in cost-benefit analysis, is an increasingly important tool used by government agencies to assess environmental regulatory policy. This innovative book develops protocols for using the transfer method to approach environmental problems and introduces several significant conceptual and methodological advances that refine the transfer process.The transfer approach to quantitative policy analysis adapts information and data from existing studies and so provides an economical way to assess potential benefits and costs for projects. The book presents a detailed framework for examining the transfer of information, outlines the basic steps of the method, and discusses solutions to frequently encountered problems. It then illustrates the method with an extensive case study of environmental externalities from electricity generation. This case study provides the opportunity to discuss salient aspects of the transfer method in more detail, including conceptual principles, the quality of original studies, empirical difficulties and estimation techniques. It also demonstrates the use of state-of-the-art techniques such as meta analysis to synthesise and transfer information from multiple studies and assesses the reliability of the transfer estimates with repeated computer simulations, a technique known as Monte Carlo analysis.Environmental Policy Analysis with Limited Information will appeal to environmental policy analysts and managers as well as environmental economists.Trade Review'Desvousges, Johnson and Banzhaf have transformed the landscape for environmental policy analyses. Benefit analyses for policy evaluation generally require adaptations of existing research results to meet the needs of specific policy questions. The authors illustrate how analysts can systematically learn from the literature, develop methods for incorporating uncertainty in transferred benefit measures, and integrate the results from diverse research sources. In the process, the authors develop a comprehensive set of estimates of the environmental costs of the residual byproducts from electricity. . .' -- V. Kerry Smith, Arizona State University, USTable of ContentsContents: 1. Introduction 2. Critical Aspects of the Transfer 3. Designing the Transfer Study 4. Estimating Changes in Health Services 5. Health Effects Measured as Monetary Costs 6. Other Effects: Agriculture, Materials and Visibility 7. Results of the Case Study 8. Assessing the Transfer Method Bibliography

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Book SynopsisTrade and the Environment presents the most important published articles and papers which are essential to an understanding of the complex interrelationship between trade and the environment - an area which reflects the increasing concern about the protection of the earth's environment and natural resources.The book examines the subject from three perspectives. The first section offers an economic analysis of the trade and environment relationship, including the problems of cost and the methodological approaches to analyses of trade and environment; and exploration of how international and national trade and environment policies affect each other and an investigation of how firms and corporations adjust their strategies to respond to environmental regulation. The second section, which is devoted to the legal aspects of the conflict between trade and environmental policies, explores the implications of existing international trade agreements for good environmental practice and investigates the effects of national environmental laws on international trade. The final section is concerned with government policy and the way in which national governments construct international 'regimes' which affect the interplay between trade liberators and environmental regulators.Trade and the Environment provides a clear insight into an area of current concern and points to future issues in the rapidly emerging trade and environment regime.Trade Review'The papers are summarised in a concise and very readable introductory essay. . . . this book represents a well-chosen and comprehensive selection of articles from the rapidly growing literature on trade and the environment, and contains everything necessary for the reader who looks for a holistic overview of the entire issue.' -- Till Stoll, The Economic JournalTable of ContentsContents: Introduction (A.M. Rugman and J.J. Kirton) Part I: Economic Perspectives Part II: Legal Perspectives Part III: Policy Perspectives Name Index

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Book SynopsisNicholas Georgescu-Roegen was described by Paul Samuelson as 'an economist's economist'. This book honors him by discussing his theories on a wide range of issues but particularly on environmental and energy economics. It is a dynamic tribute which extends his work to address the problems the human race will face in the 21st century.The book shows how Georgescu-Roegen constructed nothing less than an almost complete theoretical alternative to neoclassical economics. Although best-known for his later work as an environmentalist and his work on energy and material transformation, Georgescu-Roegen also made seminal contributions to the economic theory of utility and production and is considered to be one of the founders of modern mathematical economics. In this book an internationally acclaimed group of contributors including Joan Martinez-Alier, William H. Miernyk, Herman Daly and Cutler Cleveland present discussions on environmental and energy economics as well as mathematical economics, economic development and peasant economies, and bioeconomics.This book serves as an excellent all-inclusive introduction to the work of one of the great economists of the 20th century. This celebration of the contributions made by Georgescu-Roegen will be of interest to environmental and natural resource economists, as well as social and economic theorists.With a dedication by Wassily Leontief and a foreword by Paul Samuelson.Trade Review'This excellent book reminds us of the vitality and pluralism of a discipline that is under constant fire from its practitioners.'Table of ContentsContents: Foreword by Paul Samuelson 1. Introduction 2. How Long can Neoclassical Economists Ignore the Contributions of Georgescu-Roegen? 3. From Political Economy to Political Ecology 4. Georgescu-Roegen’s Evolutionary Economics 5. Economic Growth Theory and the Georgescu-Roegen Paradigm 6. Nicholas Georgescu-Roegen’s Approach to Economic Value 7. Georgescu-Roegen on Consumer Theory 8. Biophysical Economics 9. From Agrarianism to Entropy 10. Embodied Energy Analysis, Sraffa’s Analysis, Georgescu-Roegen’s Flow–fund Model and Viability of Solar Technology 11. Production and Time 12. A Theory of Resilient Flow–fund Linkages 13. The Passage from Entropy to Thermodynamic Indeterminacy 14. Biophysical Roots of ‘Enjoyment of Life’ According to Georgescu-Roegen’s Bioeconomic Paradigm 15. The Role of Entropy and Energy in Natural Resource Economics 16. Five Conditions for Sustainable Living Systems Bibliography Index

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Book SynopsisThis volume contains 21 selected essays by Professor Sir Hans Singer written over the last two decades. The volume addresses:- development economics in historical perspective and considers where it stands today the early pioneers of 'development' thinking including Smith and Keynes growth, industrialization and trade current questions of the terms of trade debate and import substitution North-South and South-South linkages foreign aid The author gives grateful thanks to Matthew Morris and Hans Ulrich Esslinger for their contributions to this book.Table of ContentsContents: Part I: Introduction Part II: Pioneers of Development Economics Part III: Growth, Industrialization and Trade Part IV: Import Substitution and Terms of Trade Controversy Part V: North-South and South-South Trade Part VI: Aid

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Book SynopsisThe Economics of Environment and Development is a carefully edited selection of Edward Barbier's most influential papers on the role of environmental economics in economic development.This book begins with a brief overview and summary of the papers, placing each in its original context and in relation to the development of Barbier's ideas. The first section deals with the concept of sustainable development, in particular its practical implications for economic policy in developing countries, as well as the long run conditions under which an economy might trade-off environment and growth to achieve its development aims. The second section is concerned mainly with land degradation and tropical deforestation. Using case studies from Africa, Central America and Southeast Asia, the underlying causes of these problems are examined and innovative policies are prescribed to reverse environmental degradation in these areas. The third part of the book is dedicated to the economics of wetlands, wildlands and biodiversity conservation, and discusses the optimal use and management of a region's remaining wild or natural habitat areas. The final section of the book deals with trade and the environment and focuses on the linkages between sustainable resource management and the trade in ivory, timber and forest products, and the role of trade interventions as a means of encouraging a developing country to conserve more of a biological resource.This authoritative volume will be of great interest to academics, policymakers and students of environmental, ecological and development economics.Trade Review'Many of the chapters in this book should prove very useful in teaching classes on environmental and natural resource economics, on sustainable development and on development and the environment. . . the book is an extremely good read. . .'Table of ContentsContents: Part I: Sustainable Development Part II: Agriculture and Forests Part III: Wetlands, Wildlands and Biodiversity Part IV: Trade and Environment Index

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Book SynopsisThe Economic Approach to Environmental Policy draws together a selection of Myrick Freeman's most influential papers on key analytical and policy issues in the field of environmental economics.The papers collected in this significant volume cover a wide range of topics pertinent to the study of environmental economics including: the effects of environmental and resource policies on the distribution of income the incorporation of distribution effects into environmental policy analysis the role of economic incentives in environmental policy the economic valuation of environment changes the consideration of risk and uncertainty in economic valuation and policy making This outstanding collection also includes several papers that communicate, in a non-technical way, the ethical basis of environmental economics and the economic approach to environmental policy.It will be of great interest to academics and policymakers concerned with working in the area of environmental economics.Trade Review'The book is handsomely produced with several articles reset for the occasion. . . . the book is of interest to scholars in the history of economic thought, as well as convenient access to core materials on environmental policy from the economics of the latter part of the twentieth century.' -- Peter Read, International Journal of Social EconomicsTable of ContentsContents: Acknowledgements Introduction Part I: Multi-Objective Planning and the Distribution of Benefits and Costs Part II: Incentives and Pollution Control Policy Part III: Valuing Changes in the Environment Part IV: Risk and Uncertainty Part V: Miscellaneous

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Book SynopsisThe siting of locally obnoxious but nationally relevant and necessary facilities such as sewage treatment plants, landfills, dams and nuclear power stations is an important issue in public policy planning. In view of the negative externalities such as declining property prices, health threats, and air, water and noise pollution imposed on the local communities that house them, the location of these facilities generates a consensus among the general public aptly termed 'not-in-my-backyard' or NIMBY syndrome.Drawing on the experiences of North America, Europe, Oceania and Asia, this book offers a comprehensive review of existing conflict-resolution instruments used in the siting of these facilities. The authors highlight in particular legal and command instruments such as zoning and compulsory acquisition of land, and economic incentives such as compensation and mitigation.Using elements from areas such as game theory and risk analysis and the use of compensation auction mechanisms, the authors present a series of decision steps to provide a credible alternative methodology designed to minimise such conflicts. This innovative study will be welcomed by all those with an interest in environmental and public policy planning.Trade Review'Although innumerable books and articles have been written on the various techniques that bear on solutions to the complex of problems involved, this book, written by an acknowledged specialist in the field, is the first really comprehensive treatment of all existing methodologies and techniques currently in use or proposed. Thoroughly up-to-date, eminently readable, and rich in actual examples, Quah and Tan's book is essential reading for students and profitable reading for all economists interested in resource allocation and project evaluation. Assuredly it will become the standard work in this fascinating and challenging field for years to come.'Table of ContentsContents: Preface Part I: The Siting Dilemma 1. Introduction 2. Nature of NIMBY Facilities Part II: Existing Solutions and Economic Valuation 3. Conflict Resolution Instruments and General Compensation 4. Environmental Valuation Part III: Alternative Solutions and Auctions 5. Nature and Types of Auctions 6. Review of Compensation Auction Methods Part IV: The Siting Process 7. Some Experiments on Compensation Auction Methods 8. Risk Analysis and Uncertainty 9. Sequential Multi-Stage Criteria for Siting NIMBYs 10. Conclusion Bibliography Index

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Book SynopsisThis authoritative two volume collection illustrates the most important methods for valuing non-priced environmental goods. It will be essential reading for new researchers as well as providing an excellent source of well-known material for scholars already working in this area.The first volume provides a variety of papers on different applications of opportunity cost, travel-cost, hedonic price and contingent valuation methods which emphasise both theory and practice. Classic articles on discrete choice, non-use values and the WTA v. WTP controversy are included. It also includes contributions from psychologists which identify anomalies in economic theory as well as developing more robust evaluation methods.The second volume addresses the problem of evaluation when there are multi-attribute goods and programmes and considers how the validity of results can be assessed. Allocative mechanisms for environmental resources are also illustrated with analysis of some of the property rights issues surrounding damage to resources. A series of case studies evaluate major issues: biodiversity; wetlands; landscape; noise; safety and air pollution. The volume concludes with the transfer of benefit estimates between sites, the usefulness of meta-analysis and two thought provoking articles concerning the meaning of valuation.Table of ContentsContents: Acknowledgements • Introduction Part I: Valuation A Opportunity Cost and Preventative Expenditure 1. Claire A. Montgomery, Gardner M. Brown, Jr. and Darius M. Adams (1994), ‘The Marginal Cost of Species Preservation: The Northern Spotted Owl’ 2. K.G. Willis, J.F. Benson and Caroline M. Saunders (1988), ‘The Impact of Agricultural Policy on the Costs of Nature Conservation’ B Travel Cost 3. Erol Balkan and James R. Kahn (1988), ‘The Value of Changes in Deer Hunting Quality: A Travel Cost Approach’ 4. V. Kerry Smith (1987), ‘Selection and Recreation Demand’ 5. Nancy E. Bockstael, W. Michael Hanemann and Catherine L. Kling (1987), ‘Estimating the Value of Water Quality Improvements in a Recreational Demand Framework’ 6. Jeffrey Englin and Robert Mendelsohn (1991), ‘A Hedonic Travel Cost Analysis for Valuation of Multiple Components of Site Quality: The Recreation Value of Forest Management’ C Hedonic Price 7. David S. Brookshire, Mark A. Thayer, John Tschirhart and William D. Schulze (1985), ‘A Test of the Expected Utility Model: Evidence from Earthquake Risks’ 8. Paul Cheshire and Stephen Sheppard (1989), ‘British Planning Policy and Access to Housing: Some Empirical Estimates’ 9. Glenn C. Blomquist, Mark C. Berger and John P. Hoehn (1988), ‘New Estimates of Quality of Life in Urban Areas’ D Contingent Valuation 10. R. Hoevenagel and J.W. van der Linden (1993), ‘Effects of Different Descriptions of the Ecological Good on Willingness to Pay Values’ 11. Dale Whittington, V. Kerry Smith, Apia Okorafor, Augustine Okore, Jin Long Liu and Alexander McPhail (1992), ‘Giving Respondents Time to Think in Contingent Valuation Studies: A Developing Country Application’ 12. Richard C. Ready, John C. Whitehead and Glenn C. Blomquist (1995), ‘Contingent Valuation When Respondents are Ambivalent’ 13. Richard G. Walsh and Lynde O. Gilliam (1982), ‘Benefits of Wilderness Expansion with Excess Demand for Indian Peaks’ E Discrete Choice 14. John B. Loomis (1988), ‘Contingent Valuation Using Dichotomous Choice Models’ 15. Michael Hanemann, John Loomis and Barbara Kanninen (1991), ‘Statistical Efficiency of Double-Bounded Dichotomous Choice Contingent Valuation’ 16. Trudy Ann Cameron (1988), ‘A New Paradigm for Valuing Non-market Goods Using Referendum Data: Maximum Likelihood Estimation by Censored Logistic Regression’ F Non-use Values 17. Raymond J. Kopp (1992), ‘Why Existence Values Should be Used in Cost-Benefit Analysis’ 18. R. Blamey, M. Common and J. Quiggin (1995), ‘Respondents to Contingent Valuation Surveys: Consumers or Citizens?’ G WTP v. WTA Controversy 19. W. Michael Hanemann (1991), ‘Willingness to Pay and Willingness to Accept: How Much Can They Differ?’ 20. Don L. Coursey, John L. Hovis and William D. Schulze (1987), ‘The Disparity Between Willingness to Accept and Willingness to Pay Measures of Value’ Part II: Perceptions and Anomalies 21. Paul Slovic, Baruch Fischhoff and Sarah Lichtenstein (1980), ‘Facts and Fears: Understanding Perceived Risk’ 22. Amos Tversky and Daniel Kahneman (1986), ‘Rational Choice and the Framing of Decisions’ 23. Daniel Kahneman, Jack L. Knetsch and Richard H. Thaler (1991), ‘Anomalies: The Endowment Effect, Loss Aversion, and Status Quo Bias’ 24. Daniel Kahneman and Jack L. Knetsch (1992), ‘Valuing Public Goods: The Purchase of Moral Satisfaction’ 25. Ian Bateman, Alistair Munro, Bruce Rhodes, Chris Starmer and Robert Sugden (1997), ‘Does Part-whole Bias Exist? An Experimental Investigation’ Name Index Volume II: Part I: Multi-Attribute Goods and Programmes A Programs 1. Alan Randall and John P. Hoehn (1996), ‘Embedding in Market Demand Systems’ 2. John P. Hoehn and Alan Randall (1989), ‘Too Many Proposals Pass the Benefit Cost Test’ 3. I. Majid, J.A. Sinden and Alan Randall (1983), ‘Benefit Evaluation of Increments to Existing Systems of Public Facilities’ B Attributes 4. Thomas J. Lareau and Douglas A. Rae (1989), ‘Valuing WTP for Diesel Odor Reductions: An Application of the Contingent Ranking Technique’ 5. W. Adamowicz, J. Louviere and M. Williams (1994), ‘Combining Revealed and Stated Preference Methods for Valuing Environmental Amenities’ 6. Brian Roe, Kevin J. Boyle and Mario F. Teisl (1996), ‘Using Conjoint Analysis to Derive Estimates of Compensating Variation’ Part II: Validity 7. Richard C. Bishop, Thomas A. Heberlein and Mary Jo Kealy (1983), ‘Contingent Valuation of Environmental Assets: Comparisons with a Simulated Market’ 8. Christine Seller, John R. Stoll and Jean-Paul Chavas (1985), ‘Validation of Empirical Measures of Welfare Change: A Comparison of Nonmarket Techniques’ 9. Kalle Seip and Jon Strand (1992), ‘Willingness to Pay for Environmental Goods in Norway: A Contingent Valuation Study with Real Payment’ 10. Helen R. Neill, Ronald G. Cummings, Philip T. Ganderton, Glenn W. Harrison and Thomas McGuckin (1994), ‘Hypothetical Surveys and Real Economic Commitments’ 11. Charles C. Griffin, John Briscoe, Bhanwar Singh, Radhika Ramasubban and Ramesh Bhatia (1995), ‘Contingent Valuation and Actual Behavior: Predicting Connections to New Water Systems in the State of Kerala, India’ Part III: Environmental Allocation 12. Andy H. Barnett and Bruce Yandle, Jr. (1973), ‘Allocating Environmental Resources’ 13. Howard Kunreuther and Paul Portney (1991), ‘Wheel of Fortune: A Lottery/Auction Mechanism for Siting of Noxious Facilities’ 14. Bruno S. Frey, Felix Oberholzer-Gee and Reiner Eichenberger (1996), ‘The Old Lady Visits Your Backyard: A Tale of Morals and Markets’ 15. George van Houtven and Maureen L. Cropper (1996), ‘When is a Life Too Costly to Save? The Evidence from U.S. Environmental Regulations’ Part IV: Property Rights and Legal Issues 16. Robin Gregory and Detlof von Winterfeldt (1996), ‘The Effects of Electromagnetic Fields from Transmission Lines on Public Fears and Property Values’ 17. Carol A. Jones and Katherine A. Pease (1997), ‘Restoration-Based Compensation Measures in Natural Resource Liability Statutes’ Part V: Some Issues A Biodiversity 18. R. David Simpson, Roger A. Sedjo and John W. Reid (1996), ‘Valuing Biodiversity Use in Pharmaceutical Research’ 19. Andrew Metrick and Martin L. Weitzman (1996), ‘Patterns of Behavior in Endangered Species Preservation’ B Wetlands 20. Ing-Marie Gren, Carl Folke, Kerry Turner and Ian Bateman (1994), ‘Primary and Secondary Values of Wetland Ecosystems’ 21. John Bowers (1988), ‘Cost Benefit Analysis in Theory and Practice: Agricultural Land Drainage Projects’ C Landscape 22. José Manuel Santos (1996), ‘Valuing Alternative Bundles of Landscape Attributes: Cost-Benefit Analysis for the Selection of Optimal Landscapes’ D Noise 23. Dean Uyeno, Stanley W. Hamilton and Andrew J.G. Biggs (1993), ‘Density of Residential Land Use and the Impact of Airport Noise’ 24. Nils Soguel (1996), ‘Contingent Valuation of Traffic Noise Reduction Benefits’ E Safety 25. M.W. Jones-Lee, M. Hammerton and P.R. Phillips (1985), ‘The Value of Safety: Results of a National Sample Survey’ 26. Michael Jones-Lee and Graham Loomes (1994), ‘Towards a Willingness-to-Pay Based Value of Underground Safety’ F Air Pollution 27. Daniel Shefer (1994), ‘Congestion, Air Pollution, and Road Fatalities in Urban Areas’ 28. Karl-Göran Mäler (1990), ‘International Environmental Problems’ G Benefit Transfer 29. John B. Loomis (1992), ‘The Evolution of a More Rigorous Approach to Benefit Transfer: The Benefit Function Transfer’ 30. Mark Downing and Teofilo Ozuna, Jr. (1996), ‘Testing the Reliability of the Benefit Function Transfer Approach’ H Meta-Analysis 31. V. Kerry Smith and Yoshiaki Kaoru (1990), ‘Signals or Noise? Explaining the Variation in Recreation Benefit Estimates’ 32. Kenneth Button and Peter Nijkamp (1997), ‘Environmental Policy Assessment and the Usefulness of Meta-analysis’ Part VI: Conclusion 33. Paul R. Portney (1992), ‘Trouble in Happyville’ 34. G. Munda, P. Nijkamp and P. Rietveld (1995), ‘Monetary and Non-Monetary Evaluation Methods in Sustainable Development Planning’ Name Index

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Book SynopsisValuing Environmental Benefits brings together Maureen Cropper's work on methods for valuing environmental benefits, especially health benefits, as well as analyses of the benefits implicitly attached to human health and ecosystems by environmental regulations.Beginning with a survey of the field of environmental economics (written with Wallace E. Oates), the book includes papers on valuing health benefits, valuing environmental amenities, and the political economy of environmental regulation. The author's analyses of mortality benefits include both theoretical work and empirical studies of the value citizens attach to life saving programs. Studies of morbidity benefits include previously unpublished work on the value of preventing chronic heart and lung disease. Section two of the book focuses on the use of hedonic methods for valuing urban amenities. The book concludes with statistical analyses of factors influencing US environmental regulations in the areas of pesticide control, toxic substances and superfund cleanups.Table of ContentsContents: Introduction Part I: Overview Part II: Valuing Health Part III: Valuing Urban Amenities Part IV: The Political Economy of Environmental Regulation Index

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Book SynopsisIn this innovative book the author examines the link between environmental, trade and industrial policies within an interregional setting. He models how regional governments, using tax rates on real capital and pollutant emissions, determine policies to favour their residents in terms of the provision of public goods and reduction in environmental degradation.Regions or countries engage in competition for mobile capital in a world where production causes pollution and tax revenues are required to finance public goods. In Fiscal Policy and Environmental Welfare the author considers the efficiency consequences when governments act strategically and seek to manage trade, capital flows and emissions. Using formal models, which extend and modify existing literature, the author demonstrates that interjurisdictional competition typically leads to inefficiencies. He argues that although interjurisdictional competition may lead to the overprovision of public goods and to an inefficiently high environmental quality, often the opposite seems to occur.This book will be welcomed by environmental economists, and those scholars interested in welfare and fiscal policy.Table of ContentsContents: 1. Introduction 2. Different Forms of Interjurisdictional Competition 3. Strategic Environmental Policy 4. Tax Competition, Provision of Public Goods, and Environmental Policy 5. Conclusion References Index

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Book SynopsisThis outstanding new collection surveys the relationship between the environment and development, and highlights some of the tensions that are implicit in the notion of sustainable development.Environmental Economics and Development is organized into six sections: general aspects; resource utilization and management; valuation and accounting of environmental change; environmental policy instruments; adjustment, trade and the environment; and distributional issues. These areas include general features of environment-development interfaces, operational valuation and accounting methods and economic approaches to environmental policy instruments in developing countries and in the international context.Table of ContentsContents: Introduction Part I: General Aspects 1. David W. Pearce and R. Kerry Turner (1990), ‘Environment and the Developing Countries’ 2. Mohan Munasinghe (1993), ‘Environmental Issues and Economic Decisions in Developing Countries’ 3. John M. Antle and Gregg Heidebrink (1995), ‘Environment and Development: Theory and International Evidence’ 4. Edward B. Barbier (1990), ‘Alternative Approaches to Economic-Environmental Interactions’ 5. Herman E. Daly (1992), ‘Developing Economies and the Steady State’ 6. Richard B. Norgaard (1984), ‘Coevolutionary Development Potential’ 7. Iwan J. Azis (1997), ‘Linking Pollution and Macroeconomic Variables: An Indonesian Example’ Part II: Resource Utilization and Management 8. David Feeny, Fikret Berkes, Bonnie J. McCay and James M. Acheson (1990), ‘The Tragedy of the Commons: Twenty-Two Years Later’ 9. Sverre Grepperud (1996), ‘Population Pressure and Land Degradation: The Case of Ethiopia’ 10. Kanchan Chopra and S.C. Gulati (1997), ‘Environmental Degradation and Population Movements: The Role of Property Rights’ 11. Mohammad Ferdous Alam, Ishak Haji Omar and Dale Squires (1996), ‘Sustainable Resource Use, Economic Development, and Public Regulation: The Multiproduct Gill Net Fishery of Peninsular Malaysia’ 12. Ernst Lutz and Herman Daly (1991), ‘Incentives, Regulations, and Sustainable Land Use in Costa Rica’ 13. Theodore Panayotou (1994), ‘Conservation of Biodiversity and Economic Development: The Concept of Transferable Development Rights’ Part III: Valuation and Accounting of Environmental Change 14. David W. Pearce and Jeremy J. Warford (1993), ‘Evaluating Environmental Damage and Benefits’ 15. Robert Repetto, William Margrath, Michael Wells, Christine Beer and Fabrizio Rossini (1992), ‘Wasting Assets: Natural Resources in the National Income Accounts’ 16. Salah El Serafy and Ernst Lutz (1989), ‘Environmental and Natural Resource Accounting’ 17. John A. Dixon, David E. James and Paul B. Sherman (1989), ‘Risk and Uncertainty in Dryland Development and Management’ Part IV: Environmental Policy Instruments 18. Gunnar S. Eskeland and Emmanuel Jimenez (1992), ‘Policy Instruments for Pollution Control in Developing Countries’ 19. Sujata Gupta and Stephen G. Hall (1996), ‘Carbon Abatement Costs: An Integrated Approach for India’ 20. Haynes C. Goddard (1997), ‘Using Tradeable Permits to Achieve Sustainability in the World’s Largest Cities: Policy Design Issues and Efficiency Conditions for Controlling Vehicle Emissions, Congestion and Urban Decentralization with an Application to Mexico City’ Part V: Adjustment, Trade and the Environment 21. Ramon Lopez (1992), ‘The Environment as a Factor of Production: The Economic Growth and Trade Policy Linkages’ 22. Karl-Göran Mäler and Mohan Monasinghe (1996), ‘Macroeconomic Policies, Second Best Theory and the Environment’ 23. J.B. Opschoor and S.M. Jongma (1996), ‘Bretton Woods Intervention Programmes and Sustainable Development’ Part VI: Distributional Issues 24. Partha Dasgupta (1992), ‘Population, Resources, and Poverty’ 25. Ernst Mohr (1996), ‘Sustainable Development and International Distribution: Theory and Application to Rainforests’ 26. Amitrajeet A. Batabyal (1994), ‘An Open Economy Model of the Effects of Unilateral Environmental Policy by a Large Developing Country’ 27. Hamish Main and Stephen Wyn Williams (1994), ‘Marginal Urban Environments as Havens for Low-Income Housing: Third World Regional Comparisons’ 28. Peter Nijkamp and Hans Opschoor (1997), ‘Urban Environmental Sustainability: Critical Issues and Policy Measures in a Third World Context’ Name Index

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Book SynopsisThis two volume collection of pioneering material includes landmarks and significant contributions to the subjects of global environmental issues. The editors have prepared a new introduction for this authoritative collection.This collection enables the reader, whether an economist or environmentalist, to have access to material published in a wide range of journals, many of which are relatively unavailable. It will be of considerable value to researchers and teachers in all of the disciplines, including: theoretical ecology; resource and environmental economics; industrial ecology and environmental science.Table of ContentsContents: Acknowledgements • Introduction Part I: Ecological/Biological Perspective: Human Impacts on Biosphere, Gaia, Etc. 1. W.I. Vernadsky (1945), ‘The Biosphere and Noosphere’ 2. G.E. Hutchinson (1948), ‘On Living in the Biosphere’ 3. Walter Isard (1968), ‘Some Notes on the Linkage of Ecologic and Economic Systems’ 4. Lester Machta (1972), ‘The Role of the Oceans and Biosphere in the Carbon Dioxide Cycle’ 5. James E. Lovelock and Lynn Margulis (1974), ‘Atmospheric Homeostasis by and for the Biosphere: The Gaia Hypothesis’ 6. M.J. Chadwick (1975), ‘The Cycling of Materials in Disturbed Environments’ 7. J.M. Wood and E.D. Goldberg (1977), ‘Impact of Metals on the Biosphere’ 8. Rudolph B. Husar and Janet M. Holloway (1983), ‘Sulfur and Nitrogen over North America’ 9. William C. Clark (1989), ‘The Human Ecology of Global Change’ 10. Paul P. Christensen (1989), ‘Historical Roots for Ecological Economics – Biophysical versus Allocative Approaches’ 11. Anne P. Kinzig and Robert H. Socolow (1994), ‘Human Impacts on the Nitrogen Cycle’ 12. Robert Costanza, Ralph d’Arge, Rudolf de Groot, Stephen Farber, Monica Grasso, Bruce Hannon, Karin Limburg, Shahid Naeem, Robert V. O’Neill, Jose Paruelo, Robert G. Raskin, Paul Sutton and Marjan van den Belt (1997), ‘The Value of the World’s Ecosystem Services and Natural Capital’ Part II: Physical Economics Perspective: Materials Energy, Entropy, Mass Balance 13. William D. Nordhaus (1973), ‘The Allocation of Energy Resources’ 14. Clark W. Bullard III and Robert A. Herendeen (1975), ‘Energy Impact of Consumption Decisions’ 15. Bruce Hannon (1975), ‘Energy Conservation and the Consumer’ 16. R.U. Ayres and M. Narkus-Kramer (1976), ‘An Assessment of Methodologies for Estimating National Energy Efficiency’ 17. Nicholas Georgescu-Roegen (1976), ‘Process Analysis and the Neoclassical Theory of Production’ and ‘The Economics of Production’ 18. R. Stephen Berry, Peter Salamon and Geoffrey Heal (1978), ‘On a Relation Between Economic and Thermodynamic Optima’ 19. Nicholas Georgescu-Roegen (1979), ‘Energy Analysis and Economic Valuation’ 20. Cutler J. Cleveland, Robert Costanza, Charles A.S. Hall and Robert Kaufmann (1984), ‘Energy and the US Economy: A Biophysical Perspective’ 21. Robert U. Ayres (1989), ‘Industrial Metabolism’ 22. R.U. Ayres and A.V. Kneese (1989), ‘Externalities: Economics & Thermodynamics’ 23. Evan Mills, Deborah Wilson and Thomas B. Johansson (1991), ‘Getting Started: No-Regrets Strategies for Reducing Greenhouse Gas Emissions’ 24. Herman E. Daly (1992), ‘Is the Entropy Law Relevant to the Economics of Natural Resource Scarcity? – Yes, of course it is!’ 25. C. Bianciardi, A. Donati and S. Ulgiati (1993), ‘On the Relationship between the Economic Process, the Carnot Cycle and the Entropy Law’ 26. A. Azapagic and R. Clift (1995), ‘Life Cycle Assessment and Linear Programming – Environmental Optimisation of Product System’ 27. Sander de Bruyn, Jeroen van den Bergh and Hans Opschoor (1997), ‘Structural Change, Growth, and Dematerialization: An Empirical Analysis’ Name Index Volume II: Part I: Resource/Environmental Perspective: Materials Energy, Exergy, Entropy, Mass Balance 1. John H. Cumberland (1966), ‘A Regional Interindustry Model for Analysis of Development Objectives’ 2. Kenneth E. Boulding (1966), ‘The Economics of the Coming Spaceship Earth’ 3. Herman E. Daly (1968), ‘On Economics as a Life Science’ 4. Robert U. Ayres and Allen V. Kneese (1969), ‘Production, Consumption, and Externalities’ 5. Ralph C. d’Arge and Allen V. Kneese (1972), ‘Environmental Quality and International Trade’ 6. Thomas D. Crocker and John Tschirhart (1972), ‘Ecosystems, Externalities, and Economies’ 7. Kenneth C. Hoffman and Dale W. Jorgenson (1977), ‘Economic and Technological Models for Evaluation of Energy Policy’ 8. Richard Grace, R. Kerry Turner and Ingo Walter (1978), ‘Secondary Materials and International Trade’ 9. David James (1985), ‘Environmental Economics, Industrial Process Models, and Regional-Residuals Management Models’ 10. Curt L. Anderson (1987), ‘The Production Process: Inputs and Wastes’ 11. Martin Jänicke, Harald Mönch and Manfred Binder (1993), ‘Ecological Aspects of Structural Change’ 12. Udo E. Simonis (1989), ‘Ecological Modernization of Industrial Society: Three Strategic Elements’ 13. A. Rose and C.Y. Chen (1991), ‘Sources of Change in Energy Use in the U.S. Economy, 1972-1982: A Structural Decomposition Analysis’ 14. David T. Allen and Nasrin Behmanesh (1994), ‘Wastes as Raw Materials’ 15. Don Fullerton and Thomas C. Kinnaman (1995), ‘Garbage, Recycling, and Illicit Burning or Dumping’ 16. S.M. de Bruyn and J.B. Opschoor (1997), ‘Developments in the Throughput-Income Relationship: Theoretical and Empirical Observations’ Part II: Sustainability and Growth Perspective Limits, Factors. . . 17. P.S. Dasgupta (1969), ‘On the Concept of Optimum Population’ 18. Ralph C. d’Arge (1971), ‘Essay on Economic Growth and Environmental Quality’ 19. R.C. d’Arge and K.C. Kogiku (1973), ‘Economic Growth and the Environment’ 20. Herman E. Daly (1974), ‘The Economics of the Steady State’ 21. Partha Dasgupta and Geoffrey Heal (1974), ‘The Optimal Depletion of Exhaustible Resources’ 22. Edward A. Hudson and Dale W. Jorgenson (1974), ‘U.S. Energy Policy and Economic Growth, 1975-2000’ 23. Robert M. Solow (1974), ‘The Economics of Resources or the Resources of Economics’ 24. John M. Hartwick (1977), ‘Intergenerational Equity and the Investing of Rents from Exhaustible Resources’ 25. J.E. Stiglitz (1979), ‘A Neoclassical Analysis of the Economics of Natural Resources’ 26. Bruce Hannon and John Joyce (1981), ‘Energy and Technical Progress’ 27. Partha Dasgupta and Karl-Göran Mäler (1991), ‘The Environment and Emerging Development Issues’ 28. L.S. Gross and E.C.H. Veendorp (1990), ‘Growth with Exhaustible Resources and a Materials-Balance Production Function’ 29. Paul M. Romer (1990), ‘Endogenous Technological Change’ 30. Jeroen C.J.M. van den Bergh and Peter Nijkamp (1994), ‘Dynamic Macro Modelling and Materials Balance: Economic-Environmental Integration for Sustainable Development’ 31. David Pearce, Kirk Hamilton and Giles Atkinson (1996), ‘Measuring Sustainable Development: Progress on Indicators’ Name Index

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Book SynopsisThe increase in landscape degradation in the last decades has resulted in a growing public concern for policies to conserve the countryside. This book presents theories of valuation and economic welfare which are applied to policies to conserve the landscape.The book discusses the criteria for landscape conservation decision making and places particular emphasis on the multi-dimensional nature of landscape change and the selection of an optimal policy mix for conservation. The author examines the economic theory and methods used to analyse changes in the landscape, and then applies theory and methods to conservation schemes. These empirical case studies provide rich information on the economics of landscape conservation under quite different policy contexts. Special emphasis is placed on contingent valuation methods to assess the willingness-to-pay for landscape conservation and use is made of cost-benefit analysis to select the optimal policy mix for landscape conservation, taking into account the practical problem of limited information.Environmental, agricultural and ecological economists will be interested in this book as will geographers and those involved in planning and countryside management.Table of ContentsContents: Part I: Introduction 1. Landscape Change, Conservation Policy and Policy Evaluation Part II: Valuation and Cost–Benefit Analysis of Landscape Change 2. Landscape Values for Landscape Conservation Decision-Making 3. Valuing Landscape Change I: Theory and the Multi-Attribute Issue 4. Valuing Landscape Change II: Survey and Estimation Issues 5. Costs of Landscape Conservation 6. Cost–Benefit Analysis of Landscape Change Part III: The Case-Studies 7. Landscape Conservation in the Pennine Dales and Peneda-Gerês Areas 8. A Study of the Landscape Perceptions and Preferences of Visitors to the Peneda-Gerês National Park 9. CVM Surveys and Summary Statistics of Visitors to the Pennine Dales and Peneda-Gerês Areas 10. Willingness-to-Pay for Landscape Conservation in the Pennine Dales and Peneda-Gerês Areas 11. The Costs of Landscape Conservation in the Pennine Dales and Peneda-Gerês Areas 12. Cost–Benefit Analysis of Conservation Schemes in the Pennine Dales and Peneda-Gerês Areas 13. Comparisions between Case-Studies and Policy Implications Part IV: Methodological Appraisal and Conclusions 14. Validity, Reliability and Transferability of CVM Landscape Benefit Estimates: a Meta-Analysis 15. Valuation and Cost–Benefit Analysis of Multi-Attribute Change: Theoretical and Methodological Conclusions

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Book SynopsisThis timely book focuses on the liberalization of agricultural policy and questions whether it is compatible with the goal of achieving economic and environmental sustainability in the European Union. It presents an invaluable contribution to the growing literature on the sustainability and policy aspects of trade liberalization, focusing on European agriculture.Agriculture, Trade and the Environment discusses quantitative methods for the assessment of agriculture-environment trade-offs for policy analysis at the firm, regional or national levels. It also presents the experience of countries in Europe, with particular regard to the impact of the reform of the Common Agricultural Policy and the repercussions of the Uruguay Round. Using a wide range of analytical and quantitative tools, country case studies examine agricultural areas in Austria, Scotland, Italy, Spain, Greece and Estonia. The authors then go on to look at future developments in an enlarged EU context. They conclude that efficient policies for environmental management in the EU need to be tailored to fit local conditions. Any attempt to impose uniform policies across a region as environmentally and economically diverse as Europe will have widely divergent and unintended consequences.This book will prove invaluable to academics and students with an interest in agricultural economics, environmental and ecological economics and the European Union.Table of ContentsContents: Introduction 1. Comparative Statics on a Two-Country, One-Commodity, Two-Factor Agricultural Trade Model with Process-Generated Pollution 2. Quantifying Agriculture–Environment Tradeoffs to Assess Environmental Impacts of Domestic and Trade Policies 3. Decomposing the Effects of Trade on the Environment 4. Effects of CAP Reform on the Environment in the European Union 5. Consistency Between Environmental and Competitiveness Objectives of Agricultural Policies 6. EU Agriculture and the Economics of Vertically-Related Markets 7. Are Support Measures and External Effects of Agriculture Linked Together? 8. Principles for the Provision of Public Goods from Agriculture 9. The Impact of the Uruguay Round on the Agro-Food Sector and the Rural Environment it Italy 10. The Common Agricultural Policy and the Environment 11. The Productivity of Agrochemicals in Greece 12. Agriculture and the Environment in Transition 13. European Agriculture and the CAP

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Book SynopsisDo environmental regulations harm international competitiveness? In answer to this question, this book focuses on the impact of regulatory policies on competitiveness and employment at the firm level. It investigates the trade-off between environmental regulations and competitiveness across countries and regions throughout Europe, using the food processing industry as a case study.The authors compare and contrast the experiences of similar firms across Europe to examine the different costs firms face in applying environmental regulations and the different levels of competitiveness they achieve as a result. The investigation includes a detailed and thorough comparison of the European food processing industries using 67 company case studies. The results show that firms can achieve national or international levels of competitiveness even when they face a relatively unfavourable level of regulatory costs. These important findings will almost certainly have general application to small and medium sized firms in other industries.This book will be welcomed by policymakers, practitioners, researchers and academics interested in industrial economics, environmental management and environmental economics.Table of ContentsContents: 1. Introduction 2. Systems of Regulation of Effluent Discharge: International Comparisons 3. Structural Background of the Meat and Dairy Processing Sectors 4. Environmental Regulation – Negative and Positive Impacts on Cost Competitiveness: A Theoretical and Empirical Consideration 5. Research Method 6. Description of the Sample 7. Company Performance and Characteristics 8. Waste and Effluent Costs and Abatement Initiatives 9. Environmental Initiatives, Quality of Effluent, Waste Inspection and Environmental Compliance 10. The Relationship between Economic Performance and Environmental Performance 11. Productivity and Employment Effects of Waste Regulation 12. Environmental Regulation, Costs and Company Competitiveness 13. Conclusions References

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Book SynopsisThis major annual publication is an authoritative state-of-the-art survey of current issues in environmental and resource economics written by the leading academics in the field.The discipline of environmental and resource economics has undergone a rapid evolution over the past three decades with the early literature focusing mainly on valuation, and the design of policy instruments to correct externalities and encourage optimal resource exploitation. In the past few years, the field has broadened its scope by making numerous links with other disciplines in economics as well as the natural and physical sciences. As a result there has been an explosion in the literature which has made it increasingly difficult to keep up with developments in the field. TheYearbook cuts through this by focusing on the principal issues of current interest. Considering both macroeconomic and microeconomic issues, this edition deals with environmental policy in economies in transition, green accounting, the impact of macroeconomic policies on the environment, the economics of fisheries management reactions to environmental policy within firms as well as means of incorporating uncertainty in environmental analysis and policy.The Yearbook will provide economists working in environmental and resource economics, as well as those who are interested in knowing more about the field, with a comprehensive overview of the main issues written by leading international scholars.Table of ContentsContents: Preface 1. Discounting and Environmental Management 2. Countrywide Policies and Sustainable Development 3. The Firm, its Routines and the Environment 4. Environmental Policy in Economies in Transition 5. The Economics of Fisheries Management: A Survey 6. Green Accounting: What Do We Know and What Do We Need to Know? 7. The Economics of Global Environmental Risks

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Book SynopsisThis major annual publication is an authoritative state-of-the-art survey of current issues in environmental and resource economics written by the leading academics in the field.The discipline of environmental and resource economics has undergone a rapid evolution over the past three decades with the early literature focusing mainly on valuation and the design of policy instruments to correct externalities and encourage optimal resource exploitation. In the past few years, the field has broadened its scope by making numerous links with other disciplines in economics as well as the natural and physical sciences. As a result there has been an explosion in the literature which has made it increasingly difficult to keep up with developments in the field.The aim of the Yearbook is to provide economists working in environmental and resource economics, as well as those who are interested in knowing more about the field, with a comprehensive overview of the main issues written by the leading international scholars.Trade Review'Most of the papers are relatively straightforward and offer an easy access to the various topics. Nevertheless, the essays are not restricted to a review of the standard literature, but cover a wide range of ideas and concepts. Thus the book might indeed provide new insights also to those readers who are familiar with the main topics within environmental economics. To summarise: the volume is an interesting and informative read for all those who are looking for a brief but competent overview on a number of current issues in environmental economics.' -- Wolfram Kagi, KyklosTable of ContentsContents: Property Regimes in Environmental Economics (D.W. Bromley) 2. Environmental Taxation in a Second-best World (L.H. Goulder) 3. National Wealth, Constant Consumption and Sustainable Development (J.M. Hartwick) 4. The Economics of Biodiversity (D. Moran and D. Pearce) 5. Nonpoint Pollution (J.S. Shortle and D.G. Abler) 6. Pricing What is Priceless: A Status Report on Non-market Valuation of Environmental Resources (V. Kerry Smith) 7. International Trade and the Environment: A Survey of Recent Economic Analysis (A. Ulph) Index

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Book SynopsisThe prospect of simultaneously achieving a 'greener' environment, increased tax revenues and lower levels of unemployment has made ecological taxes an increasingly popular proposition. This volume examines the possibility of ecological tax reform in the Nordic countries of Denmark, Norway and Sweden. The potential for ecological tax reform is investigated on a theoretical and an empirical level. The social costs associated with environmental taxes are analysed and the impacts of a Swedish carbon tax are calculated by means of a static numerical model. Taxes on carbon, nitrogen and fertilisers are also examined. The authors find that the level of unemployment cannot be decreased by revenue neutral environmental taxes without any social costs and conclude that there are no easy ways to achieve full employment, a budget surplus and environmental sustainability. They conclude that further understanding of the functioning of the labour market, household decisions and the link between change in pollutant emissions and environmental damage is needed in order to make more concrete suggestions concerning ecological tax reforms.Green Taxes will be of immense use to academics and practitioners in the field of environmental economics.Trade Review'Green Taxes> is a thought provoking collection,' -- Benito Muller, Journal of Energy LiteratureTable of ContentsContents: Introduction 1. Governmental Commissions on Green Taxes in Denmark 2. The Governmental Commission on Green Taxes in Norway 3. The Swedish Green Tax Commission 4. Double Dividend: Just Desserts or Pie in the Sky? 5. Green Tax Reform: Theoretical Issues, Empirical Results, and Future Challenges 6. General Equilibrium Effects of Increasing Carbon Taxes in Sweden 7. Green Taxes in Sweden: A Partial Equilibrium Analysis of the Carbon Tax and the Tax on Nitrogen and Fertilizers 8. Taxes and Labour Supply in Sweden – A Meta Analysis Index

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Book SynopsisIndustrialization to achieve economic development has resulted in global environmental degradation. While the impacts of industrial activity on the natural environment are a major concern in developed countries, much less is known about these impacts in developing countries. This source book identifies and quantifies the environmental consequences of industrial growth, and provides policy advice, including the use of clean technologies and environmentally sound production techniques, with special reference to the developing world.The developing world is often seen as having a high percentage of heavily polluting activities within its industrial sector. This, combined with a substantial agricultural sector, which contributes to deforestation, the erosion of the top soil and desertification, has lead to extreme pressures on the environment and impoverishes the population by destroying its natural resource base. This crisis suggests that sound industrialization policies are of paramount importance in a developing countries' economic development, and calls for the management of natural resources and the adoption of low-waste or environmentally clean technologies. The authors consider the industrial sector as a pollutant vis-a-vis other sectors of the economy, and then focus on some industry-specific pollutants within the manufacturing sector and some process-specific industrial pollutants. They conclude by reviewing the economic implications of promoting environmentally sound industrial development, specifically addressing the question of the conflict or complementarity which may exist between environmental goods and industrial production.The book will be essential to those working in industry, development and environmental economics.Table of ContentsContents: 1. Industry and the Environment 2. Industry and Natural Resources 3. Industrial Pollution 4. Processes and Pollution in Selected Industries 5. Economic Implications of Industrial Pollution Abatement 6. Conclusions References

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Book SynopsisEmissions taxes, tradeable emission permits and voluntary compliance policies are becoming the instruments of choice in controlling environmental problems at the national and international level. Careful design of these policies in second-best environments is a very important factor for their success. This book uses cutting-edge research in order to appraise their efficiency in varying market conditions.This book evaluates the impact that market power could have on the implementation of market-based environmental policies within static, dynamic and open economy frameworks. It explores the potential negative impacts that market-based instruments could have on competitiveness and examines the effects that time inconsistency in the implementation of emission taxes and emission permits could have on environmental innovation. Utilizing open economy frameworks, the contributors also analyse the impact of market imperfections on the structure of environmental polices across countries. They advocate co-operation across countries as a means to maximise the benefits from these policies.Environmental Regulation and Market Power will prove invaluable to scholars and policymakers in the area of environmental studies.Trade Review'. . . this is an excellent book. I recommend it strongly to all those who have the technical skills needed to understand, appreciate, criticize and build on, the complex models and arguments presented in it.' -- Robert E. Wright, Environmental ConservationTable of ContentsContents: Introduction 1. Emission Taxes for Price Setting Firms: Differentiated Commodities and Monopolistic Competition 2. Minimum Quality Standard as an Environmental Policy: Domestic and International Effects 3. Emissions Permits Trading and Market Structure 4. Experimental Tests of Market Power in Emission Trading Markets 5. The Competitive Implications of Facility-Specific Environmental Agreements: The Intel Corporation and Project XL 6. Environmental Policy and Time Consistency: Emission Taxes and Emissions Trading 7. Does Government Precommitment Promote Environmental Innovation? 8. Diffusion of Abatement Technologies in a Differentiated Industry 9. Pollution, Pigouvian Taxes and Asymmetric International Oligopoly 10. R&D Cooperation, Innovation Spillovers and Firm Location in a Model of Environmental Policy 11. Relative Standards as Strategic Instruments in Open Economies 12. Ecological Dumping: Harmonization and Minimum Standards Index

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Book SynopsisDo taxes improve the environment at a reasonable cost? This book focuses on the environmental effects and effectiveness of market-based policy instruments, especially taxes, at improving the environment.In order to calculate their efficiency, the authors compare taxes levied in different ways and at different stages in the product life-cycle with other market-based instruments such as charges, subsidies, tradeable emission permits and deposit-refund systems. They also compare the effectiveness of environmental taxes with other regulatory instruments and schemes including liability and insurance schemes and green labelling. Several chapters focus on the transaction and information costs associated with the implementation of market based policy instruments. The contributors use case study examples to support their findings on the most effective method to improve the environment.Trade Review'The Market and the Environment is a very good book. Thomas Sterner has done an excellent job of assembling a set of high quality papers that complement each other very well.' -- Robert E. Wright, Environmental ConservationTable of ContentsContents: Preface 1. Introduction 2. Disclosure Strategies for Pollution Control 3. Theoretical Considerations Regarding the Effectiveness of Policy Instruments 4. Locally Rational Affection and the Choice of Environmental Policy Instruments 5. Impacts of Environmental Policy on International Trade and Capital Movement 6. Effects of Uncertainty over Environmental Taxes on Emission-reducing Capital in an Oligopoly 7. Regulating Road Transport Externalities 8. Variations on the Wrong Themes? 9. Environmental Taxes seem to be Effective Instruments for the Environment 10. Energy and Environmental Taxes in the European Community and in OECD Countries 11. Energy and Environmental Taxation in Sweden 12. The Distributional Effects of Carbon Regulation 13. Market-Based Instruments for Environmental Policy in Developing Countries 14. Environmental Taxation in Kenya 15. Economic Instruments for Environmental Management in Tanzania 16. The Role of Enforcement and Economic Instruments in Inducing Environmental Investment in a Transition Economy 17. Design and Performance of Economic Instruments for Waste Management and Air Emission Control in Hungary 18. Do Pollution Charges Reduce Emissions in Lithuania? 19. Issues in Designing an Effective Solid Waste Policy 20. Waste Management and Recycling 21. The Effectiveness of the UK Landfill Tax - Early Indications 22. Environmental and Economic Implications of Market-Based Instruments in Portugal Index

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Book SynopsisDoes free trade contribute to the deterioration of the environment?This important book offers a fresh look at the trade-environment debate from a political-economic perspective. It provides an extensive analysis of the environmental consequences of free trade, and examines how trade affects environmental regulation in this age of regional and global economic integration.The book begins by providing a useful review of the literature on the environment-trade link and the effects of trade on environmental regulation. It is demonstrated that environmental regulation may affect trade and investment patterns, and as a consequence the competitiveness of a country or region. Using the North American Free Trade Agreement as a case study, the author examines the political influence of environmentalists and industry sub-groups on pollution standards in the United States. Rolf Bommer also discusses the European experience, and reveals that the European Union may affect pollution regulation considerably and increase the chance of higher environmental standards. He concludes that free trade offers the opportunity to introduce tighter pollution regulation due to the political influence of interest groups on environmental policy making.Economic Integration and the Environment will be welcomed by environmental economists, those interested in international economics as well as policymakers and practitioners.Trade Review'. . . Bommer's book provides an important contribution to the debate about the relationship between trade and the environment. Its limitations raise questions and will further promote this debate. It should be interesting in particular to researchers and policymakers.' -- Bettina Lange, Review of European Community and International Environmental Law'Rolf Bommer has produced a comprehensive, transparent and well written volume on the complicated relationships between economic integration and the environment. This book is indispensable for anyone interested in this important area on whatever continent.' -- Henk Folmer, Wageningen Agricultural University and Tilburg University, the Netherlands'Rolf Bommer shows that there is much to gain, both economically and environmentally, from economic integration. His work is a significant step forward in our understanding of the value of cooperation between nations.' -- John B. Braden, University of Illinois at Urbana-Champaign, USTable of ContentsContents: 1. Introduction 2. Trade and the Environment: An Overview 3. Economic Integration and the Environment: Theoretical Findings and Empirical Evidence 4. Economic Integration and the Environment: A Perfect Competition Approach with Applications to NAFTA 5. Economic Integration and the Environment: An Imperfect Competition Approach with Applications to the European Union 6. Economic Integration and the Environment: Imperfect Competition and Asymmetric Information 7. Comparison of Results and Policy Recommendations Bibliography

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Book SynopsisThis book asks an important question of how management of the environment may benefit firms. The authors take an objective, neutral perspective on the extent to which environmental issues should, or should not, be addressed within the management of business corporations.The Environment in Corporate Management includes an up-to-date treatment of business practices, norms and standards, using the tools of microeconomic and industrial organisation analysis to provide an ordered and consistent picture. The analysis is couched within stakeholder theory, which determines how costs and benefits are defined for the firm. Utilising the most recent information the book also focuses on the underlying long-term trends. Actual examples and case studies illustrate the discussions. The authors conclude by highlighting the inevitable need to link environment and finance, for better stakeholder relationships and business performance.This unique book is written clearly and accessibly, but with a firm grounding in academia to challenge scholars and researchers in areas including environmental studies, business, economics and finance. Practitioners will also find the book of great interest.Trade Review'What is needed . . . is a cool, detached look at environmental and social responsibility in the context of the firm . . . and which utilises the formidable insights that come from the dramatic developments in economics in the last few decades. This is why I welcome Jean-Baptiste Lesourd and Steven Schilizzi's book. It takes the viewpoint of the firm and brings it to bear on the various issues and the general findings of the theories of industrial organisation and microeconomics. This volume is not littered with maths and formal proofs, rather the intuition and results from that thinking have been turned into practical observation and recommendation.' -- From the foreword by David Pearce, University College London, UKTable of ContentsContents: Foreword by David Pearce OBE Preface by Lena Gevert 1. Introduction 2. Environmental Management and its Benefits to the Firm’s Stakeholders 3. Environment and Business Ethics 4. Corporate Environmental Accounting 5. Corporate Environmental Reporting 6. Environmental Management and Corporate Finance 7. The Management of Environmental Risks 8. Environmental Management Systems: The ISO 14001 and EMAS International Standards 9. Eco-marketing and the Environmental Quality of Goods 10. Conclusions Index

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Book SynopsisThis companion to Accounting for Resources, 1 tracks the life cycle of specific elements, such as chlorine and heavy metals, in order to estimate the generation and dissipative losses of material wastes.The book begins with a succinct review of the life-cycle analysis methodology and evaluates some of its weaknesses in estimating the generation of waste. The authors propose a new quantitative measure of the potential for environmental harm of waste materials. They include case studies to add weight to their proposal. Four horizontal life-cycle case studies are included; one for chlorine and chlorine chemicals; one for mercury; one for arsenic and cadmium; and the other for copper, lead and zinc. The book also includes a longitudinal study of heavy metals use and dissipation, during the period 1880-1980 with reference to the Hudson-Raritan basin. The book concludes with an overview, including some recommendations for future research and for policy changes with respect to governmental statistical data collection and organization.Trade Review'This detailed and comprehensive presentation of years of research and thought by the authors, demonstrates that they have made substantial progress towards their goal. This is an important and impressive publication. Important, because it provides the most comprehensive examination of the physical workings of the industrial economy of the United States known to exist. Impressive, because it represents the efforts of only two individuals whose span of technical competence makes them truly unique. The book, which contains both general overview, and detailed technical chapters, has something for everyone with an interest in this subject . . . This book is a major contribution towards understanding what is required to bring our industrial economy into harmony with our environment. To accomplish this, the authors, by their own admission, were required to do considerable detective work. In doing this hard work they have made the task of those who follow considerably easier.' -- Donald G. Rogich, Journal of Industrial EcologyTable of ContentsContents: Introduction 1. Mass Balance and the Life-Cycle Perspective 2. The Problem of Measurement 3. The Life Cycle of Chlorine: I 4. The Life Cycle of Chlorine: II 5. Accounting for Mercury 6. Accounting for Arsenic and Cadmium 7. Accounting for Copper, Lead and Zinc 8. An Historical Reconstruction of Anthropogenic Pollutant Emissions in the Hudson–Raritan Basin 1880–1980 9. Environmental Statistics and Measures of Sustainability Appendices References Index

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Book SynopsisThis thoroughly revised and updated edition of a classic text provides a comprehensive, non-technical overview of the principles of environmental and resource economics. The distinguished group of authors offers both an introduction to the economic causes and consequences of environmental and resource problems and an assessment of recent developments in environmental policy instruments and corporate responses to environmental problems.Comprehensive and authoritative, this new edition of Principles of Environmental and Resource Economics offers a non-technical state-of-the-art review which will be widely used as a teaching tool for upper undergraduate students and above as well as a reference point for practitioners and researchers.Trade Review'The book provides a very thorough analysis of environmental and resource economics, which has been revised and updated in this edition.' -- Aslib Book Guide'This rich collection of essays provides a splendid introduction both to the principles of environmental and resource economics and to their application to decision-making in the policy arena and in the business community. The essays, wide ranging in content, offer a viable and stimulating alternative to the standard text in the field.' -- Wallace E. Oates, University of Maryland and Resources for the Future, US'Written by leaders in the field, the individual chapters in this text transport students to the frontiers of the discipline. The eight chapters devoted to business environmental economics are especially timely and unique.' -- Tom Tietenberg, Colby College, USTable of ContentsContents: Introduction Part I: General Environmental Economics Part II: Business Environmental Economics Part III: Selected Topics Index

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Book SynopsisMany different types of private investment are described and their impact on the environment analyzed, leading to the conclusion - surprising for many - that improved environmental performance can accompany foreign direct investment. The book, the first in-depth study of these important links, is built around a series of case studies of various industries in Mexico, Argentina, Brazil and Costa Rica. The authors, a multi-national, multi-disciplinary team of experts, show how governments of developing countries can actually attract foreign investors by integrating environmental considerations into their investment promotion efforts. The book also identifies points of leverage for actions by governments, investors, environmental groups, and customers to increase even further the environmental benefits that can accompany private capital flows.This book makes an important and timely contribution to the debate on foreign direct investment and sustainable development. It will be of great interest to scholars and students of environmental economics, development economics, international finance, law, and management as well as to policymakers, environmental advocates, and private investors.Trade Review'Gentry and his co-authors provide a set of case studies of the environmental impact of private capital flows into four Latin American countries. What emerges are some important insights into, first, how these flows affect the environment (with some surprises), and, second, how public and private agents can work together to accommodate both commercial gain and improved environmental performance. Private capital flows, properly channeled, can contribute to our goal of sustainable development.' -- Wallace E. Oates, University of Maryland, US'The authors succeed admirably in introducing the reader to the main issues and complexities surrounding this topic. . . . The book's major contribution, in my opinion, is that it challenges the conventional wisdom-widely held in Latin America and elsewhere in the developing world-that governments have sole responsibility for ensuring that environmental standards are met.' -- Dennis J. Mahar, The World Bank, US'Gentry and his colleagues have written a comprehensive and authoritative assessment of private capital flows to emerging market countries and of their impacts on the environment. They emphasize the critical role that private capital plays in the financial transfers from post-industrial to developing nations (far exceeding foreign aid) and illustrate the impact on four Latin American countries. Their analyses of the impacts, both positive and negative, of capital investment on environment and natural resources in emerging market countries yield the first objective assessment of how capital flows affect the prospects for sustainable development. This book will become a basic reference for policy makers, business executives, students of development, and environmental groups in discussions of the environmental consequences of economic globalization in the 21st century. The lessons of experience summarized here provide a strong set of directions for putting both wealthy nations and emerging market countries on the path to sustainable development.' -- Dennis A. Rondinelli, University of North Carolina, US'An important and timely contribution to the debate on sustainable development in the developing world and--implicitly--on the future of foreign aid. . . . It provides a balanced and much-needed assessment of the environmental effect that private capital flows--notably foreign direct investment--can exercise on the state of the environment in the developing world.' -- Cord Jakobeit, Stanford-in-Berlin Centre, GermanyTable of ContentsContents: 1. Overview – Private Capital Flows and the Environment Part I: Flows 2. Taxonomy – Foreign Private Investment in Emerging Markets 3. Experience – Private Capital Flows to Four Latin American Countries Part II: Environmental Aspects of Foreign Direct Investment 4. Agriculture – Cases from Brazil and Costa Rica 5. Manufacturing – Cases from Mexico and Costa Rica 6. Privatization – Argentina and Mexico 7. Public–Private Partnerships – Costa Rica and Mexico Part III: Ways Forward 8. Lessons – The Environmental Content of Private Capital Flows 9. Policy Implications – Leverage Points and Changing Roles 10. Opportunities – Increasing the Environmental Content of Private Capital Flows 11. Further Work – Steps on the Path to Sustainable Development Bibliography

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Book SynopsisWhy is it that market instruments have not been used to their full potential in environmental policy? Using a public choice perspective, this book critically analyses the political economy of environmental policy with special emphasis on the role of powerful interest groups which have blocked the introduction of market instruments.Drawing on new case studies of market instruments, Dr Dijkstra examines the attitudes of interest groups and how they influence environmental policy. He discusses the preferences of shareholders and workers in the polluting industry, the environmental movement and the environmental bureaucracy. He then investigates the circumstances under which market instruments will have low or no probability of being accepted, assuming that they are welfare-maximizing.The Political Economy of Environmental Policy will be of interest to environmental and ecological economists, policymakers, political scientists and public choice scholars.Table of ContentsContents: Foreword 1. Introduction 2. The Positive Literature on Instrument Choice 3. Effects of Instruments in an Industry Model 4. Interest Group Preferences: Other Literature 5. Survey among Dutch Interest Groups 6. Market Instruments in Practice 7. Models of Interest Group Influence 8. Noncooperative Rent Seeking 9. Cooperative Rent Seeking 10. A Two-Stage Rent Seeking Contest for Instrument Choice and Revenue Division 11. Assessment of Political Economy Models 12. Conclusion Interviews References Index

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Book SynopsisIn this controversial book Herman Daly, a leading commentator on the environment, offers lively criticism of existing work on ecological economics and the economics of ecology. The theme throughout the book is about changes in perspective, attitudes and policies required to avoid uneconomic growth - that is, the impoverishment that results when the environmental and social costs of growth exceed the benefits.Key issues addressed include: growth economics misunderstandings of thermodynamics economic development and population globalization money humans in the ecosystem. >This major new book will be of interest to economists, ecologists, environmentalists, public policy scholars and activists as well as social philosophers.Trade Review'This book will be essential reading for anyone who seeks answers to resolve the traditionally recognized conflicts between the economy and the environment. The answers this work proposes are not simple, but are well presented and necessary.' -- Bernardo Aguilar-Gonzalez, The Quarterly Review of Biology'Daly's book is an excellent and illustrating confrontation of the two important paradigms of scientific economics. It leaves the reader with the conviction that the still prevailing paradigm of neo-classical economics will have to be replaced if sustainability is to become a real objective of economic policy.' -- Gunther Weinschenck, Quarterly Journal of International AgricultureTable of ContentsContents: Introduction Part I: On the Roots of Error in Growth Economics Part II: On Some Specific Errors in Growth Economics Part III: On Economists’ Misunderstanding of Thermodynamics Part IV: On Economic Development and Population Part V: On Globalization as Growth Economics’ Last Gasp Part VI: On Money Part VII: On Purpose Index

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Book SynopsisUsing strategic game theory, this innovative book carefully reviews the detailed negotiations between industry, regulating agencies and third parties in environmental policy implementation. The analysis is underpinned by an institutional comparison of German and US administrative and environmental law. After presenting an alternative model to address real-world bargaining, Markus Lehmann provides an economic rationale for the use of case-to-case regulation, a policy instrument traditionally neglected if not rejected by environmental economists. He discusses how and to what extent the shortcomings of this instrument can be overcome by a specific institutional design. He presents a clear-cut policy conclusion which is shown to be quite robust under different model structures and varying sets of assumptions. This pathbreaking study will be essential reading for economists studying environmental economics and political economy, political scientists working on policy implementation and design, as well as lawyers interested in administrative law and standing, and the economic theory of the law.Table of ContentsContents: 1. Introduction 2. Discretion, Agency Control and Judicial Review in Germany and the United States 3. Standing, Collusion and Collusion Deterrence 4. Negotiations under Uncertain Court Outcomes: Asymmetrical Standing 5. Negotiations under Uncertain Court Outcomes: Symmetrical Standing 6. Negotiations under Uncertain Court Outcomes: Incomplete Information 7. Conclusions References Index

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