Environmental economics Books

Book SynopsisA provocative reassessment of the concepts underlying the struggle for sustainable developmentMuch of the debate over sustainable development revolves around how to balance the competing demands of economic development, social well-being, and environmental protection. “Jobs vs. environment” is only one of the many forms that such struggles take. But what if the very terms of this debate are part of the problem? Reimagining Livelihoods argues that the “hegemonic trio” of economy, society, and environment not only fails to describe the actual world around us but poses a tremendous obstacle to enacting a truly sustainable future.In a rich blend of ethnography and theory, Reimagining Livelihoods engages with questions of development in the state of Maine to trace the dangerous effects of contemporary stories that simplify and domesticate conflict. As in so many other places around the world, the trio of economy, society, and environment in Maine produces a particular space of “common sense” within which struggles over life and livelihood unfold. Yet the terms of engagement embodied by this trio are neither innocent nor inevitable. It is a contingent, historically produced configuration, born from the throes of capitalist industrialism and colonialism. Drawing in part on his own participation in the struggle over the Plum Creek Corporation’s “concept plan” for a major resort development on the shores of Moosehead Lake in northern Maine, Ethan Miller articulates a rich framework for engaging with the ethical and political challenges of building ecological livelihoods among diverse human and nonhuman communities. In seeking a pathway for transformative thought that is both critical and affirmative, Reimagining Livelihoods provides new frames of reference for living together on an increasingly volatile Earth.Trade Review"Interesting, imaginative, and extraordinarily well written, Reimagining Livelihoods is an exemplary case of how to think through the ideas and forces that shape our existence behind our backs. Ethan Miller's work is empirical in the best sense, with the information gleaned from interviews often as enlightening as it is unexpected."—Mick Smith, author of Against Ecological Sovereignty: Ethics, Politics, and Saving the Natural World"Ethan Miller provides vital tools to imagine and enact ways of life no longer tethered to the constraining categories of economy, society, and environment. Written with passion and insight and deeply grounded in the material realities of Maine life, Reimagining Livelihoods is essential reading for activists, planners, and academics struggling to compose common worlds within late capitalist ecologies."—Bruce Braun, University of Minnesota"It tacks between deep theory and rich empirical material to carefully, insidiously open up alternate ways-of-seeing in the readers’ minds."—Environmental Values "I applaud Miller’s ambition in this book and would suggest that the ideas within have the potential to ignite a well-taught classroom and leap far beyond."—American Anthropologist Table of ContentsContentsIntroduction: Troubling Economy, Society, and Environment in MainePart I. Problematizing the Trio1. Constitutional Geometry: Shapes of PowerPart II. Tracing Hegemonies2. Forces and Domains: Dynamics of Mastery and Submission3. Enclosures and Outsides: Making and Unmaking Boundaries 4. A Diagram of Power: Nature-Culture, Capital-State, and DevelopmentPart III. Decomposing the Trio5. Cracks in the Assemblage: Uncertainties, Resistances, and Swerves 6. Multiplying Articulations: How Many Definitions Can Maine’s Professionals Produce? Part IV. (Re)composing Livelihoods 7. Ecopoiesis: Making Habitats and Inhabitants8. Ecological Livelihoods: Beyond the Trio9. Tools for a Politics of Ecological Livelihood10. Ontopolitical Coordinates: Rearticulating Struggles in MaineConclusion: Becoming OtherwiseAcknowledgmentsNotesBibliographyIndex

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Book SynopsisBased on qualitative interviews with sustainability-oriented parents of young children, this book describes what happens when people make interventions into mundane and easy-to-overlook aspects of everyday life to bring the way they get things done into alignment with their environmental values. Because the ability to make changes is constrained by their culture and capitalist society, there are negative consequences and trade-offs involved in these household-level sustainability practices. The households described in this book shed light on the full extent of the trade-offs involved in promoting sustainability at the household level as a solution to environmental problems.Table of Contents1. Introduction: “This Can’t Be All Up to Me” 2. Eco-Conscious Household Production and Capitalist Society 3. Priorities in Eco-Conscious Households 4. Resources and Constraints in Eco-Conscious Households 5. Managing Household Waste 6. Cleanliness and Comfort 7. Doing Their Own Research 8. Conflict 9. “How Do We Live with Ourselves?” 10. Conclusion: “We Have Met the Enemy and He Is Us”

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Book SynopsisThe COVID-19 pandemic gives an opportunity to relaunch global economic systems with a better balance between the social and environmental dimensions. There is a need for a scientifically-based step towards a strong Green Deal: a Climate Pact for the EU. Based on a bestselling French book, this English translation provides a summary of the facts on the climate issue, the solutions available and their costs. It outlines the political advantages and challenges current policy, practice and thinking at a time when populist leaders are transforming politics worldwide. This timely book will contribute to a renewed political vision for the EU, the European Economic Area, the UK and Africa.Table of ContentsPreface – Mary Robinson How We Can Win the Battle - Nicolas Hulot 2020 – A Warning Shot 1. Our Home Is Burning, and We Are Looking Elsewhere 2. Global Warming: The Essential Cause Is Our Greenhouse Gas Emissions 3. “Soon It Will Be Too Late…” Say 15,000 Scientists 4. When the UN Environment Programme Denounces “…This Catastrophic Climate Gap” Between the Reductions Needed and the National Pledges… 5. Zero Net Carbon Emissions? Yes, It’s Possible 6. Can We Make a Colossal Development Program Work? We Can Do It! 7. 1,000 Billion Euros for the Climate? If They Are Really Needed Yes, We Can Do It! 8. Putting Finance Back to the Service of the Common Good: The European Climate-Employment Pact 9. Save the Climate, and Save Europe? It’s Now or Never! Conclusion: Creating a New Development Model

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Book SynopsisBased on 30 specially commissioned pieces by leading authorities in the field from the US and Europe, The Handbook of Environmental Economics represents the most comprehensive volume of environmental and natural resource economics published to date. It covers the full range of issues presently at the forefront of environmental policy including key aspects of such critical areas as pollution, sustainability and global environmental policy. It is essential reading for students, researchers and faculty as well as to policy makers and those with a wider interest in the issues. Table of ContentsPart I: Choices and Decisions:. 1. Choices Without Prices Without Apologies: A. Vatn & D. Bromley. 2. Benefit, Costs and the Safe Minimum Standard of Conservation: A. Randall & M. Farmer. 3. The Environment and Property Rights Issues: A. Schmid. 4. Zoning and the Urban Environment: W. Fischel. 5. Public Policies for Land Conservation: I. Hodge. Part II: Considering the Future:. 6. Intergenerational Choices Under Global Environmental Change: R. Howarth, L. Berkeley & R. Norgaard. 7. Economic Theory and 'Sustainability': J. Krautkraemer, J. Pezzy & M. Toman. 8. Measuring Sustainable Development: D. Pearce & G. Atkinson. 9. Nonrenewable Resource Supply: M. Toman & M. Walls. 10. Empirical Consequences of the Hotelling Principle: P. Berck. 11. Recycling Programs: K. McClain. Part III: Environmental Quality:. 12. Nonconvexities and the Theory of External Costs: P. Burrows. 13. Liability and Penalty Structures in Policy Design: K. Segerson. 14. A Bargaining Framework for the Global Commons: D. Bromley & J. Cochrane. 15. Transferable Discharge Permits and Global Warming: T. Tietenberg. 16. Trade, Pollution and Environmental Protection: C. Runge. Part IV: Environmental Stocks and Flows:. 17. Optimal Timber Management Policies: C. Montgomery & D. Adams. 18. Bioeconomic Models of the Fishery: J. Conrad. 19. Management Regimes in Ocean Fisheries: B. Rettig. 20. Privatizing Open-Access Fisheries: L. Anderson. 21. Regulation, Imperfect Markets and Transaction Costs: B. Colby. 22. Issues in the Conjunctive Use of Surface Water and Groundwater: R. Provencher. 23. Minerals Policy: R. Gordon. Part V: The Valuation Problem:. 24. Valuation of Environmental Quality under Certainty: R. Bishop & R. Woodward. 25. Environmental Valuation under Uncertainty: R. Ready. 26. Quasi-Option Value: T. Graham-Tomasi. 27. Evaluating Changing in Risk and Risk Perceptions by Revealed Preference: A. Freeman. 28. Contingent Valuation: R. Bishop, P. Champ & D. Mullarkey. 29. Travel Cost Models: N. Bockstael. 30. Hedonic Pricing Methods: A. Freeman.

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Book SynopsisEcological economics addresses one of the fundamental flaws in conventional economics-its failure to consider biophysical and social reality in its analyses and equations. Ecological Economics: Principles and Applications is an introductory-level textbook that offers a pedagogically complete examination of this dynamic new field. As a workbook accompanying the text, this volume breaks new ground in applying the principles of ecological economics in a problem- or service-based learning setting. Both the textbook and this workbook are situated within a new interdisciplinary framework that embraces the linkages among economic growth, environmental degradation, and social inequity in an effort to guide policy in a way that respects fundamental human values. The workbook takes the approach a step further in placing ecological economic analysis within a systems perspective, in order to help students identify leverage points by which they can help to effect change. The workbook helps students to develop a practical, operational understanding of the principles and concepts explored in the text through real-world activities, and describes numerous case studies

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Book SynopsisA holistic view of ESG goes beyond environmental issues, which are closely linked to social issues. Both come from the governance of an organization: the integrity with which decisions are made and implemented, ultimately defining corporate culture. ESG affects the daily lives of everyone in today's connected world where organizations, companies, and individuals depend on each other at various levels. Lack of sustainability for any entity threatens its future existence, disrupting the entire ecosystem. The use of data to measure ESG outcomes is a young science that is increasingly critical to upholding our very lifestyle. Data clearly presents impact across the entire ESG spectrum, providing the necessary specificity for informed decision making, and ensuring the transparency and accountability, which uphold sustainability.

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Book SynopsisWhat if the harbinger of our greener future was a small power plant set in the middle of nowhere in West Texas? Longtime alternative energy executive Andy Bowman's book makes exactly this case, outlining what he suggests is a more sustainable future for American capitalism. The West Texas Power Plant that Saved the World takes the Barilla solar plant in Pecos County as a test case for the state of renewable energy in the twenty-first century United States.For author Andy Bowman, this is a very personal story. Bowman grew up in Galveston and acutely remembers watching stormwater climb up seawalls and wreak havoc on his home. He weaves these memories into his coming of age over two decades in the alternative energy industry, beginning in the 1990s, and tracks it's the industry's fits and starts that lead to the Barilla project. Barilla was the first solar project to be built "on spec": essentially, the plant was built without a contract in place and with the assumption that customers would come. That trailblazing wager represents a tidal shift in the alternative energy industry.In a clear voice, Bowman explains the climate science that necessitated this shift and makes business-based arguments for what the future should look like. The result is a book that tells a personal story of West Texan innovation, gumption, and vision, while also outlining how our society needs to equip itself to confront climate change.

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Book SynopsisRapidly rising carbon emissions from the intense development of Western Canada's fossil fuels continue to aggravate the global climate emergency and destabilize democratic structures. The urgency of the situation demands not only scholarly understanding, but effective action. Regime of Obstruction aims to make visible the complex connections between corporate power and the extraction and use of carbon energy. Edited by William Carroll, this rigorous collection presents research findings from the first three years of the seven-year, SSHRC-funded partnership, the Corporate Mapping Project. Anchored in sociological and political theory, this comprehensive volume provides hard data and empirical research that traces the power and influence of the fossil fuel industry through economics, politics, media, and higher education. Contributors demonstrate how corporations secure popular consent, and coopt, disorganize, or marginalize dissenting perspectives to position the fossil fuel industry as a national public good. They also investigate the difficult position of Indigenous communities who, while suffering the worst environmental and health impacts from carbon extraction, must fight for their land or participate in fossil capitalism to secure income and jobs. The volume concludes with a look at emergent forms of activism and resistance, spurred by the fact that a just energy transition is still feasible. This book provides essential context to the climate crisis and will transform discussions of energy democracy.Contributions by Laurie Adkin, Angele Alook, Clifford Atleo, Emilia Belliveau-Thompson, John Bermingham, Paul Bowles, Gwendolyn Blue, Shannon Daub, Jessica Dempsey, Emily Eaton, Chuka Ejeckam, Simon Enoch, Nick Graham, Shane Gunster, Mark Hudson, Jouke Huizer, Ian Hussey, Emma Jackson, Michael Lang, James Lawson, Marc Lee, Fiona MacPhail, Alicia Massie, Kevin McCartney, Bob Neubauer, Eric Pineault, Lise Margaux Rajewicz, James Rowe, JP Sapinsky, Karena Shaw, and Zoe Yunker.

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Book SynopsisAn exploration of Arctic tourism, focusing on tourist experiences and industry provision of those experiences; this is the first compilation to concentrate on the fundamental essence of the Arctic as being a geographical periphery, but also an experiential core that offers peak tourism experiences. Part 1 investigates the depth and dimensions of tourist experiences in the Arctic. Chapters examine the essence of diverse peak experiences and delve into the factors that give rise to these experiences. Part 2 considers the links between these core experiences and the tourism industry that seeks to sustain itself by facilitating such satisfying outcomes.Table of ContentsPART I: INTRODUCTION AND ISSUES: TOURIST EXPERIENCES OF THE ARCTIC AND CREATING TOURIST EXPERIENCES. Chapter 1: Arctic Destinations and Attractions as Evolving Peripheral Settings for the Production and Consumption of Peak Tourism Experiences Chapter 2: Experiencing the Arctic in the Past: French Visitors to Finnmark in the Late 1700s and Early 1800s Chapter 3: Roles of Adventure Guides in Balancing Perceptions of Risk and Safety Chapter 4: The Central Role of Identity in the Arctic Periphery Chapter 5: Tourists and Narration in the Arctic: The Changing Experience of Museums Chapter 6: World Heritage List = Tourism Attractiveness? PART II: CREATING TOURIST EXPERIENCES IN THE ARCTIC Chapter 7: Degrees of Peripherality in the Production and Consumption of Leisure Tourism in Greenland Chapter 8: Northern Lights Experiences in the Arctic Dark: Old Imaginaries and New Tourism Narratives Chapter 9: Exploring the Extreme Iditarod Trail in Alaska Chapter 10: The Arctic Tourism Experience from an Evolving Chinese Perspective Chapter 11: Tourists’ Interpretations of a “Feelgood In Lapland” Holiday- A Case Study Chapter 12: Negotiating Sami Place and Identity: Do Scottish Traditions Help Sami to be More Sami? Chapter 13: Emergence of Experience Production Systems for Mass Tourism Participation in Peripheral Regions: Evidence from Arctic Scandinavia Chapter 14: Factors of Peripherality: Whale Watching in Northern Norway Chapter 15: Responsible Fishing Tourism in the Arctic Chapter 16: Long way up: Powered Two-Wheeled Journeys in Northern Peripheries Chapter 17: Experiences of Marine Adventurers in the Canadian Arctic Chapter 18: Arctic Tourism in Russia: Attractions, Experiences, Challenges and Potentials Chapter 19: Tourism Experiences of Post-Soviet Arctic Borderlands Chapter 20: Arctic Tourism Experiences: Opportunities, Challenges and Future Research Directions for a Changing Periphery

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Book SynopsisIf you're interested in the cutting-edge of the very best thinking on economics and the environment, it's right here. Boyce has done a masterful job integrating issues of equity and ecological thinking into economics, and presenting deep and important ideas accessibly with the latest research to back them up. Not just recommended, but essential.'- Juliet Schor, Boston College, US and author of True Wealth: How and Why Millions of Americans are Creating a Time-rich, Ecologically-light, Small-scale, High-satisfaction Economy'A colleague of mine puts it best: when thinking about the fundamentals of the economy and the environment, there is Pigou, Coase, and Boyce. Boyce adds to traditional economics the critical understanding that social power is a determinant of the extent and spatial scale of environmental degradation. In these essays, on subjects ranging from housing and credit markets to agriculture and globalization, Boyce mixes a data-driven picture of unequal environmental protection with a keen and useful discussion of the many forms of social power that can help right the scales.'- Eban Goodstein, Bard College, USThis fascinating volume has at its heart a simple but powerful premise: that a clean and safe environment is not a commodity to be allocated on the basis of purchasing power, nor a privilege to be allocated through political power, but rather a basic human right. Building upon this premise, James K. Boyce explores the many ways in which economics can be refashioned into an instrument for advancing human well-being and environmental health.Comprising a decade's worth of essays written since the publication of the author's pathbreaking book, The Political Economy of the Environment (2002), this volume discusses a number of diverse environmental issues through an economist's lens. Topics covered include environmental justice, disaster response, globalization and the environment, industrial toxins and other pollutants, cap-and-dividend climate policies, and agricultural biodiversity.The first economics book to explore the idea that the environment belongs in equal measure to us all, this pioneering volume will hold great interest for students, professors and researchers of both economics and environmental studies.Contents: 1. The Environment as Our Common Heritage 2. Is Inequality Bad for the Environment? 3. In the Wake of the Storm: Disasters and Environmental Justice 4. Justice in the Air: Tracking America's Industrial Toxics 5. Where Credit is Due 6. Cap and Dividend: Carbon Revenue as Common Wealth 7. A Chinese Sky Trust 8. A Future for Small Farms 9. Globalization and Our Environmental Future IndexTrade Review'If you're interested in the cutting-edge of the very best thinking on economics and the environment, it's right here. Boyce has done a masterful job integrating issues of equity and ecological thinking into economics, and presenting deep and important ideas accessibly with the latest research to back them up. Not just recommended, but essential.' - Juliet Schor, Boston College, US and author of True Wealth: How and Why Millions of Americans are Creating a Time-rich, Ecologically-light, Small-scale, High-satisfaction Economy 'A colleague of mine puts it best: when thinking about the fundamentals of the economy and the environment, there is Pigou, Coase, and Boyce. Boyce adds to traditional economics the critical understanding that social power is a determinant of the extent and spatial scale of environmental degradation. In these essays, on subjects ranging from housing and credit markets to agriculture and globalization, Boyce mixes a data-driven picture of unequal environmental protection with a keen and useful discussion of the many forms of social power that can help right the scales.' --- Eban Goodstein, Bard College, USTable of ContentsContents: 1. The Environment as Our Common Heritage 2. Is Inequality Bad for the Environment? 3. In the Wake of the Storm: Disasters and Environmental Justice 4. Justice in the Air: Tracking America’s Industrial Toxics 5. Where Credit is Due 6. Cap and Dividend: Carbon Revenue as Common Wealth 7. A Chinese Sky Trust 8. A Future for Small Farms 9. Globalization and Our Environmental Future Index

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Book SynopsisWithin the United States, minority and low-income communities currently bear a disproportionate amount of risk associated with pollution and other harmful environmental practices. The environmental justice movement is working to change this fact, promoting the fair and non-discriminatory treatment of all people with respect to environmental issues, policies, and regulations. This fascinating and timely volume explores the relationship between environmental justice and the government, offering a comprehensive introduction to the legal, economic, and philosophical concerns involved in pursuing environmental justice goals within a federalist system.The authors discuss two case studies in their investigation of the complex interactions between environmental justice and government. These analyses offer a comprehensive view of both the siting and regulation of polluting activities, as well as a discussion of the effects on major natural resources such as clean air and drinking water. In each case, the authors both describe current government responses to the problem and offer specific recommendations regarding what actions should be taken in the future.This authoritative book will make an invaluable addition to courses in environmental law and policy. Professionals and policymakers working in disciplines such as law, economics, environmental science, philosophy and political science will also find this a comprehensive and critical reference.Contents: Preface 1. Federalism and the Pursuit of Environmental Justice 2. Establishing an EJ Claim of Disparate-Impact Discrimination 3. Clean Air, EJ, and Facility Siting in the Phoenix Metropolitan Area 4. Environmental Justice and Enforcement of the Safe Drinking Water Act: The Arizona Arsenic Experience 5. Environmental Federalism and Addressing EJ Concerns 6. Community Involvement and Substantive Environmental Justice 7. Environmental Justice in the U.S.: Looking Ahead References AppendicesTable of ContentsContents: Preface 1. Federalism and the Pursuit of Environmental Justice 2. Establishing an EJ Claim of Disparate-Impact Discrimination 3. Clean Air, EJ, and Facility Siting in the Phoenix Metropolitan Area 4. Environmental Justice and Enforcement of the Safe Drinking Water Act: The Arizona Arsenic Experience 5. Environmental Federalism and Addressing EJ Concerns 6. Community Involvement and Substantive Environmental Justice 7. Environmental Justice in the US: Looking Ahead Appendices References Index

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Book SynopsisDaniel Press brings his considerable experience to light in this excellent book, and it should be a required read for every scholar and student of environmental studies and science. He convincingly leverages an evidence based approach by digging into the data on toxic release, acid rain, non-point source water pollution, and industrial recycling to challenge the conventional wisdom that environmental regulation in the United States has been settled and is successful. Issuing a clarion call to those who care about environmental values, he urges us to redirect our action and discourse and to rethink how we can be more effective, with his specific recommendations for policy and regulatory reform.'- Toddi A. Steelman, University of Saskatchewan, Canada'Those of us who work on environmental policy should never let the grind of our day-to-day challenges turn us away from the ultimate question of whether we are leaving a better environment to the next generation. Daniel Press looks at the current state of environmental regulation and probes just this question. It s worth a read for anyone who cares about the decisions we must make - and the processes we now use to get to those decisions - that will shape the world for years to come.'- John Laird, California Secretary for Natural Resources'In American Environmental Policy Daniel Press guides the reader through not only the motivations and concepts that have been employed to set land, water, and air pollution policies, but also a dive into the details of both the environmental science and the legal and regulatory science that determines the success or failure of these actions. This book is instrumental for all those interested in both the why and the how - and the how much - of the legacy of Rachel Carson and the past five decades of environmental management.'- Daniel Kammen, University of California, Berkeley, US'Daniel Press's new book is an excellent one. By focusing on implementation - what happens after policy has been adopted - Press demonstrates the weaknesses of pollution control policy in the United States. Case studies of acid rain, nonpoint source water pollution, and paper recycling illuminate 'regulatory failure,' the structural problems of American regulatory approaches. He concludes with recommendations to move us ahead, a path forward that focuses on performance, information, incentives, and source reduction. Strongly recommended.'- Christopher McGrory Klyza, Middlebury College, USMore than 40 years after the United States launched bold efforts to curb pollution and waste, American environmental management has stalled. Drawing extensively on recent environmental science, engineering, regulatory agency data and trade information, American Environmental Policy explores how environmental management in the US has fallen short of its early promise and reputation.Arguing that policies need to be redesigned for the 21st century, this book offers examples and principles of effective environmental policy reforms. It concludes with suggestions for how new policies should be designed, as well as examples of successful regulatory innovations already in practice around the world.Environmental policy scholars, students and science and environment journalists interested in evaluating environmental policy over time will find this to book of value. The approaches discussed in this book will also be useful for environmental and natural resource agency officials.Trade Review‘This is a well-researched, lucidly written book.? ?It is a magnificent addition to the existing literature on environmental policies and regulations. I believe this book? ?should motivate the academic community to conduct further research in several other environmental domains, both? ?within the USA and in other countries. I highly recommend? ?this book to scholars, policy-makers and other stakeholders, who are interested in environmental regulations? ? -- and governance.’– Science and Public Policy?‘The book would be a valuable text for a graduate or advanced undergraduate course in environmental policy.’ -- Maria Manta Conroy, Town Planning Review‘Daniel Press brings his considerable experience to light in this excellent book, and it should be a required read for every scholar and student of environmental studies and science. He convincingly leverages an evidence based approach by digging into the data on toxic release, acid rain, non-point source water pollution, and industrial recycling to challenge the conventional wisdom that environmental regulation in the United States has been settled and is successful. Issuing a clarion call to those who care about environmental values, he urges us to redirect our action and discourse and to rethink how we can be more effective, with his specific recommendations for policy and regulatory reform.’ -- Toddi A. Steelman, University of Saskatchewan, Canada‘Those of us who work on environmental policy should never let the grind of our day-to-day challenges turn us away from the ultimate question of whether we are leaving a better environment to the next generation. Daniel Press looks at the current state of environmental regulation and probes just this question. It’s worth a read for anyone who cares about the decisions we must make – and the processes we now use to get to those decisions – that will shape the world for years to come.’ -- John Laird, California Secretary for Natural Resources‘In American Environmental Policy Daniel Press guides the reader through not only the motivations and concepts that have been employed to set land, water, and air pollution policies, but also a dive into the details of both the environmental science and the legal and regulatory science that determines the success or failure of these actions. This book is instrumental for all those interested in both the why and the how – and the how much – of the legacy of Rachel Carson and the past five decades of environmental management’ -- Daniel Kammen, University of California, Berkeley, US‘Daniel Press’s new book is an excellent one. By focusing on implementation – what happens after policy has been adopted – Press demonstrates the weaknesses of pollution control policy in the United States. Case studies of acid rain, nonpoint source water pollution, and paper recycling illuminate “regulatory failure,” the structural problems of American regulatory approaches. He concludes with recommendations to move us ahead, a path forward that focuses on performance, information, incentives, and source reduction. Strongly recommended.’ -- Christopher McGrory Klyza, Middlebury College, USTable of ContentsContents: Preface 1. Introduction 2. Measuring Pollution 3. At The End of the Pipe, or Why Acid Rain Will be a Problem as Long as We Burn Coal 4. Failure When There Is No Pipe 5. Failure Before The End of the Pipe: Missed Opportunities in American Paper Recycling 6. Regulation Beyond Compliance, Abatement and Mitigation References Index

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Book SynopsisA Dictionary of Climate Change and the Environment bridges the gap between the many disciplines encompassing climate change, environmental economics, environmental sciences, and environmental studies. It defines a comprehensive set of over 3700 words used across these fields to help policy makers, students, and professionals achieve a holistic view of environmental issues. The dictionary also features: introductory primers to major topic areas; recommended reading for particular topics and specific words or concepts; and seven appendices, including a catalog of scientific symbols, units, and conversions, as well as an expansive listing and description of selected environmental treaties. The extensive and accessible nature of the content renders this book an indispensible reference for practitioners requiring an informed and balanced description of key concepts and issues. This resource will be extremely valuable to policy makers and professionals working on climate change and other environmental issues, and to postgraduate and undergraduate students in climate change and environmental studies, as well as to academics and other practitioners working on multidisciplinary environmental issues outside their area of expertise.Trade Review’. . . for anyone who works in depth with the complex issues of climate, environment, and economics.’ -- - Natural Hazards ObserverTable of ContentsContents: Introduction Economics for the Environment: A Primer Climate Change Policy: A Primer International Environmental Problems: A Primer Environmental Systems, Dynamics, and Modeling: A Primer Annotated References: A Starting Point Internet Resources: Environmental News Sources and Blogs A Dictionary of Climate Change and the Environment: Economics, Science, and Policy References

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Book SynopsisThis unique book explores a wide range of environmental issues centered on the Middle-East and North Africa region, where environmental degradation and impacts of climate change are known to be more critical than in others parts of the world. Extensive country analyses are supported by references to the economic literature on regulation and incentives, and encompass recent trends in environmental management modes and policy orientations. The topical chapters include a critical review of environmental policies with a focus on economic incentives on various environmental issues including irrigation water, air pollution, solid waste management and the impact of climate change and fisheries. The book combines econometric applications, theoretical models of regulation, and policy-oriented economic analyses with fundamental recommendations for policymakers. Economic Incentives and Environmental Regulation will attract a wide spectrum of audiences including academics, researchers, practitioners, students, and policymakers. Contributors: H. Abou-Ali, M.H. Babiker, A.R. Darwish, E. Deutsch, C. Dridi, M.A. Fehaid, V.I. Grover, L. Huang, M. Jeuland, N. Khraief, A.A. Kubursi, B. Larsen, D. Maradan, U.R. Sumaila, A. Thomas, K. ZeinTable of ContentsContents: 1. Environment and Regulations in MENA Hala Abou-Ali PART I: ECONOMIC VALUATION OF ENVIRONMENTAL DEGRADATION IN MENA 2. Cost Assessment of Environmental Degradation in the Middle East and North African Region: Selected Issues Bjorn Larsen 3. Willingness to Pay for Improving Land and Water Conditions for Agriculture in Damietta, Egypt Hala Abou-Ali PART II: MARKET-BASED INSTRUMENTS AND AIR POLLUTION IN MENA 4. Climate Change Policy in the MENA Region: Prospects, Challenges and the Implication of Market Instruments Mustafa Hussein Babiker and Mohammed A. Fehaid 5. Regulating Traffic to Reduce Air Pollution in Greater Cairo, Egypt Hala Abou-Ali and Alban Thomas 6. Regulating Industry Emissions: Assessing the Moroccan Cement Experience David Maradan and Karim Zein PART III: ENVIRONMENTAL REGULATION IN SOLID WASTE, WATER AND FISHERIES IN MENA 7. Mitigating Industrial Solid Waste in Tunisia: Landfill Use versus Recycling Chokri Dridi and Naceur Khraief 8. Water Scarcity in Jordan: Economic Instruments, Issues and Options Atif A. Kubursi, Velma I. Grover, Abdel Raouf Darwish and Eliza Deutsch 9. Creating Incentives for More Effective Wastewater Reuse in the Middle East and North Africa Marc Jeuland 10. Improving the Management of Bluefin Tuna in the Mediterranean Sea Ussif Rashid Sumaila and Ling Huang Index

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Book SynopsisThis enriching book presents a holistic overview of climate change uncertainty and offers a number of pathways that could be used to account for such uncertainties in the stated preference valuation research. It shows that uncertainty plays an important role in determining the values of climate change mitigation benefits and as the authors say 'If this uncertainty remains unaccounted for, there is a potential danger that the estimated economic values will misrepresent social preferences for public policy interventions to manage environmental externalities'. Valuing Climate Change Mitigation discusses the role of uncertainty in valuing the benefits of climate change mitigation policies using contingent valuation and choice experiments techniques. It treats climate change using three dimensions of uncertainty: scenario, policy and preference. Conceptual frameworks are advanced to account simultaneously for these various dimensions of uncertainty. The authors then explore the impact of introducing these uncertainties into benefit estimates for the Australian Carbon Pollutions Reduction Scheme. The authors present frameworks to account for multiple uncertainty in environmental decision analysis that will prove invaluable for academics and students in the fields of environmental economics and management. Policymakers will also gain invaluable methodological insight.Trade Review‘Written in a clear and mostly nontechnical manner, while offering the right amount of details, this book would be certainly useful to academics and practitioners aiming at understanding peoples' attitudes towards different climate change mitigation options. Ultimately, different sources of uncertainty are important not only for climate change policies, but also for many other environmental issues. This book provides a useful road map, together with numerous practical details, that would be very helpful for anybody wanting to encompass uncertainty in SP surveys.’ -- Carlo Fezzi, Journal of Economic Literature Reviews‘The findings of the book are an important contribution to the successful implementation of climate change policy and communicating climate change risk to a general audience.’ -- Helen Adams, Environmental ValuesTable of ContentsContents: 1. Climate Change and Uncertainty 2. Uncertainty and Stated Preference Techniques: A Conceptual Overview 3. Uncertainty and Stated Preference Techniques in Practice 4. Data 5. Public Perceptions, Understanding and Knowledge of Climate Change 6. Climate Change Uncertainty and Contingent Valuation Welfare Estimates 7. The Role of Global Cooperation 8. Climate Change Uncertainty and Choice Experiment Welfare Estimates 9. Determinants of Preference Uncertainty 10. Conclusion References Index

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Book SynopsisThis book provides a wide-ranging comparative analysis of contemporary economic, social, political and environmental change in small islands, island states and territories, through every ocean. It focuses on those island realms conventionally perceived as developing, rather than developed, in the Caribbean, Pacific and Indian Oceans.John Connell examines the decline of agriculture and the rise of tourism, the problems of urbanization, and the particular role of migration and remittances, within a culture of migration. He seeks to balance economic challenges with environmental threats, notably that of climate change, and social changes with the survival of culture, pointing to awkward and hybrid development futures.This unique study comprehensively balances environmental, social and economic changes to provide a more wide-ranging assessment of sustainability that will be invaluable for academics and postgraduate students on environment and international development courses.Contents: Preface 1. Introduction 2. Islands and Political Economies 3. The Historic Core: Agriculture and Fisheries 4. Towards Modern Economies? 5. Urban Futures? 6. Leaving the Islands: International Migration 7. Environmental Change 8. Islands at Risk? References IndexTrade Review‘This is a considered volume by a considerable scholar of island studies, John Connell of the School of Geosciences, University of Sydney, who has been writing on islands, principally in the Pacific, for decades amongst his wider research output within geography . Islands at risk?, then, is a product by a mature scholar building on much study within the realm of islands. . . The material is as rich as could be hoped, the discussion scholarly and authoritative, backed up by a mighty reference list running to 75 pages. Anybody interested in island studies must get this book, whilst it speaks also to those studying or teaching and/or researching into development studies and the environment.’ -- Stephen Royle, Australian Geographer‘The pitfalls of trying to generalise about islands and what is happening on them are primarily twofold. First, there are so many islands whose peoples and environments are buffeted by forces that are hugely diverse, sometimes even rendering comparisons between islands in the same subregion problematic. Second, almost every reader of Connell's book with some experience of SISI would, I imagine, have a set of preconceived ideas about these that is biased geographically or thematically, and therefore, perhaps automatically disposed to seek reasons to criticise such a global survey. The fact that this reviewer, who falls squarely within this group, can find little fault with what is written is testi­ mony to Connell's almost unmatched knowledge of islands and understanding of the reasons they are at risk. Highly recommended.’ -- Patrick Nunn, Geographical Research‘Islands at Risk? Environments, Economies and Contemporary Change by John Connell provides a wealth of information to readers on environmental and economic patterns of development in small islands and small island states (SISIs). . . Overall, this book is a welcome resource to the literature on small island economies and societies. It contributes to extremely important and ongoing discussions.’ -- Urban Island StudiesTable of ContentsContents: Preface 1. Introduction 2. Islands and Political Economies 3. The Historic Core: Agriculture and Fisheries 4. Towards Modern Economies? 5. Urban Futures? 6. Leaving the Islands: International Migration 7. Environmental Change 8. Islands at Risk? References Index

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Book SynopsisA timely contribution to social entrepreneurship research from a Scandinavian view. Taking entrepreneurship as creative action in society as a whole, the authors counter widely held perceptions of (social) entrepreneurship: it is not an elite phenomenon but a form of action that we all engage in from time to time; it is not about system-changing disruptions but generally about small but real improvements in everyday life; it is not about autonomous action but about realizing freedom potential in societies where knowledge and learning have become essential for civic action.'- Rafael Ziegler, University of Greifswald, Germany'This book offers an innovative, theory-driven account of social entrepreneurship that is located in new thinking around the constructs of community and 'public' entrepreneurship. Bjerke and Karlsson draw on a wide range of sources to offer useful new insights and analyses of this emerging sector and contribute a variety of useful and challenging new models of the relationship between society, innovation, and politics. All in all, this represents a valuable addition to the growing theoretical literature on social innovation and entrepreneurship.'- Alex Nicholls, University of Oxford, UKThis informative book examines some social entrepreneurs in practice in several countries whilst concentrating on entrepreneurs in the third sector. The authors call them citizen entrepreneurs. Such people are not only becoming more common but also more necessary in the world of today.Entrepreneurs are seen as people who aim 'to act as if and make a difference', that is, who act out of the ordinary and come up with noticeable solutions to various problems without being restricted by existing resources or possibilities. This book applies these criteria to citizen entrepreneurs, focusing on public entrepreneurs operating in public places. The authors conduct in-depth case studies to examine these public entrepreneurs thoroughly and offer some theoretical reflections on social entrepreneurship.Students and researchers studying social entrepreneurship will find this book of great interest. Social entrepreneurs and practitioners would also benefit considerably from this enriching resource.Trade Review‘A timely contribution to social entrepreneurship research from a Scandinavian view. Taking entrepreneurship as creative action in society as a whole, the authors counter widely held perceptions of (social) entrepreneurship: it is not an elite phenomenon but a form of action that we all engage in from time to time; it is not about system-changing disruptions but generally about small but real improvements in everyday life; it is not about autonomous action but about realizing freedom potential in societies where knowledge and learning have become essential for civic action.’ -- Rafael Ziegler, University of Greifswald, Germany‘This book offers an innovative, theory-driven account of social entrepreneurship that is located in new thinking around the constructs of community and “public” entrepreneurship. Bjerke and Karlsson draw on a wide range of sources to offer useful new insights and analyses of this emerging sector and contribute a variety of useful and challenging new models of the relationship between society, innovation, and politics. All in all, this represents a valuable addition to the growing theoretical literature on social innovation and entrepreneurship.’ -- Alex Nicholls, University of Oxford, UKTable of ContentsContents: Preface 1. Our New Society 2. All These Entrepreneurs 3. To Act as if and Make a Difference 4. Different Kinds of Citizen Entrepreneurs 5. Public Entrepreneurship – What is it? 6. The Entrepreneurial Local Community and Public Entrepreneurs 7. Public Entrepreneurs, Networks and Social Capital 8. Public Entrepreneurship – Start, Stages and Process 9. Some Theoretical Reflections Appendix 1: The Carrying Out of the Research Project Appendix 2: Media Cultures – Yesterday, Today and Tomorrow? Appendix 3: Some Other Social Entrepreneurial Projects We Have Come in Contact With Appendix 4: Woman and Social Entrepreneurship – A Comment References Index

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Book SynopsisThis fourth edition of an enduring and popular book has been fully updated and revised, exploring the two opposing paradigms of sustainability in an insightful and accessible way. Eric Neumayer contends that central to the debate on sustainable development is the question of whether natural capital can be substituted by other forms of capital. Proponents of weak sustainability maintain that such substitutability is possible, whilst followers of strong sustainability regard natural capital as non-substitutable.The author examines the availability of natural resources for the production of consumption goods and the environmental consequences of economic growth. He identifies the critical forms of natural capital in need of preservation given risk, uncertainty and ignorance about the future and opportunity costs of preservation. He goes on to provide a critical discussion of measures of sustainability. Indicators of weak sustainability such as Genuine Savings and the Index of Sustainable Economic Welfare - also known as the Genuine Progress Indicator - are analysed, as are indicators of strong sustainability, including ecological footprints, material flows and sustainability gaps.This book will prove essential reading for students, scholars and policymakers with an interest in ecological and environmental economics and sustainable development.Contents: Preface to the Fourth Edition 1. Introduction and Overview 2. Sustainable Development: Conceptual, Ethical and Paradigmatic Issues 3. Resources, the Environment and Economic Growth: Is Natural Capital Substitutable? 4. Preserving Natural Capital in a World of Risk, Uncertainty and Ignorance 5. Measuring Weak Sustainability 6. Measuring Strong Sustainability 7. Conclusions Appendix 1. How Present-value Maximisation Can Lead to Extinction Appendix 2. The Hotelling Rule and Ramsey Rule in a Simple General Equilibrium Model Appendix 3. The Hotelling Rule and the Ramsey Rule in a More Complex Model Bibliography IndexTable of ContentsContents: Preface to the Fourth Edition 1. Introduction and Overview 2. Sustainable Development: Conceptual, Ethical and Paradigmatic Issues 3. Resources, the Environment and Economic Growth: Is Natural Capital Substitutable? 4. Preserving Natural Capital in a World of Risk, Uncertainty and Ignorance 5. Measuring Weak Sustainability 6. Measuring Strong Sustainability 7. Conclusions Appendix 1. How Present-value Maximisation Can Lead to Extinction Appendix 2. The Hotelling Rule and Ramsey Rule in a Simple General Equilibrium Model Appendix 3. The Hotelling Rule and the Ramsey Rule in a More Complex Model Bibliography Index

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Book SynopsisThough scientists and environmentalists have long expressed concern over the rapid deterioration of the global environment, economists have largely failed to recognize the issue's relevance to their field. Salah El Serafy argues for an increased focus on the economic aspects of environmental degradation, calling for a fundamental shift in how economists measure and discuss national income.Through a combination of new material reflecting recent developments in the field and previously published essays that provide a history of green accounting, the author emphasizes the importance of considering natural resources as part of a nation's economic capital. Setting forth what has become known as the 'El Serafy Method', this fascinating and complex volume presents both the justification and the methodology for giving the environment a place in the global economic conversation.Students, professors, researchers and policymakers in the field of environmental and ecological economics will no doubt find much to appreciate in this thoughtful and comprehensive analysis of the intersection between economics and the environment.Trade Review'This is an important book. It not only serves as a valuable contribution to green accounting, it is a testament to Salah El Serafy's tireless efforts to reform the national income accounts in ways that would better reveal the sustainable product of nations and the value of development policies. No matter what differences the reader may have with some of the points made, there is no denying that the world would be a much improved place if the reforms suggested by El Serafy were implemented.' --Philip Lawn, Flinders University, Australia'This book is a fabulous summary of Salah El Serafy's seminal contributions to ''greening'' national income accounts. If only we had employed the famous "El Serafy method" of investing depletion of non-renewable resources into renewable alternatives, the world would be in a much stronger and more sustainable place today. Hopefully it is not too late to take up this and El Serafy's many other recommendations for improving national income accounting.' --Robert Costanza, Portland State UniversityTable of ContentsContents: Preface Part I: Introduction 1. Breaking the Ground 2. Green Accounting: History and Prospects 3. The Environment as Capital Part II: Concepts of Income and Capital 4. Income, Capital and Wealth 5. Rent and Royalty 6. Hicks’s Income and Hicksian Income 7. Income from Extracting Petroleum and Controversies over Keeping Capital Intact 8. Adjusting for Disinvestment: In the Wake of Brundtland Part III: The User Cost and its Detractors 9. Proper Calculation of Income from Depletable Natural Resources 10. Disagreements and Misunderstandings 11. Hartwick’s Contribution Part IV: Methodological Tools 12. Depletable Resources: Fixed Capital or Inventories? 13. Sustainability and Substitutability: Defending Weak Sustainability 14. Growth Rate after Adjustment 15. Pricing the Invaluable: Services of the World’s Ecosystems Part V: Policy Matters 16. Population and National Income 17. Green Accounting and Economic Policy 18. The ‘Resource Curse’: Institutions and Dutch Disease 19. Natural Resources in World Bank Country Economic Work and Indonesia’s Experience 20. Sovereign Funds Part VI: Conclusion 21. An Afterword Glossary Index

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Book SynopsisWorld economic activity is a cause of climate change and climate change has an impact on economic activity. Adaptation to climate change can occur locally, but action to reduce the extent of climate change requires global cooperation or at least coordination.Covering all aspects of the problem, this collection contains both classic and recent key published articles on this burning issue. The first section explores global trends in emissions and their drivers as well as the most important forecasts of global greenhouse gas emissions. The second section covers mitigation policy at the international level reviewing costs, benefits, and analysis of policy instruments. The final section focuses on adaptation and the roles of risk and uncertainty in responses to climate change. The extensive, authoritative introduction provided by the editors puts these contributions into context. This volume will be of interest and value to researchers and policy professionals in the areas of climate policy and environmental economicsTrade Review‘Climate Change and the World Economy is a critically important, and seminal addition to academic, corporate, and governmental library Environmental Studies and Economic Studies reference collections.’ -- Midwest Book ReviewTable of ContentsContents Acknowledgements Introduction David I. Stern, Leo Dobes and Frank Jotzo PART I TRENDS, DRIVERS AND FORECASTS OF GREENHOUSE GAS AND AEROSOL EMISSIONS 1. Gilbert N. Plass (1956), ‘Carbon Dioxide and the Climate’ 2. Charles D. Keeling (1973), ‘Industrial Production of Carbon Dioxide from Fossil Fuels and Limestone’ 3. Nebojša Nakićenović (2000), ‘Greenhouse Gas Emissions Scenarios’ 4. Detlef P. van Vuuren, Jae Edmonds, Mikiko Kainuma, Keywan Riahi, Allison Thomson, Kathy Hibbard, George C. Hurtt, Tom Kram, Volker Krey, Jean-Francois Lamarque, Toshihiko Masui, Malte Meinshausen, Nebojsa Nakicenovic, Steven J. Smith and Steven K. Rose (2011), ‘The Representative Concentration Pathways: An Overview’ 5. Douglas Holtz-Eakin and Thomas M. Selden (1995), ‘Stoking the Fires? CO2 Emissions and Economic Growth’ 6. Mark C. Strazicich and John A. List (2003), ‘Are CO2 Emission Levels Converging Among Industrial Countries?’ 7. Michael R. Raupach, Gregg Marland, Philippe Ciais, Corinne Le Quéré, Josep G. Canadell, Gernot Klepper and Christopher B. Field (2007), ‘Global and Regional Drivers of Accelerating CO2 Emissions’ 8. Arnulf Grübler, Nebojša Nakićenović and David G. Victor (1999), ‘Dynamics of Energy Technologies and Global Change’ 9. Sofia Teives Henriques and Astrid Kander (2010), ‘The Modest Environmental Relief Resulting from the Transition to a Service Economy’ 10. Glen P. Peters and Edgar G. Hertwich (2008), ‘CO2 Embodied in International Trade with Implications for Global Climate Policy’ 11. Frank Jotzo, Paul J. Burke, Peter J. Wood, Andrew Macintosh and David I. Stern (2012), ‘Decomposing the 2010 Global Carbon Dioxide Emissions Rebound’ 12. R.A. Houghton (2003), ‘Revised Estimates of the Annual Net Flux of Carbon to the Atmosphere from Changes in Land Use and Land Management 1850–2000’ 13. David I. Stern and Robert .K. Kaufmann (1996), ‘Estimates of Global Anthropogenic Methane Emissions 1860–1993’ 14. S.J. Smith, J. van Aardenne, Z. Klimont, R.J. Andres, A. Volke and S. Delgado Arias (2011), ‘Anthropogenic Sulfur Dioxide Emissions: 1850–2005’ PART II MITIGATION OF CLIMATE CHANGE 15. John P. Weyant (1993), ‘Costs of Reducing Global Carbon Emissions’ 16. William D. Nordhaus and Zili Yang (1996), ‘A Regional Dynamic General-Equilibrium Model of Alternative Climate-Change Strategies’ 17. Francesco Bosello, Carlo Carraro and Enrica De Cian (2010), ‘Climate Policy and the Optimal Balance between Mitigation, Adaptation and Unavoidable Damage’ 18. Richard S.J. Tol (2002), ‘Estimates of the Damage Costs of Climate Change. Part 1: Benchmark Estimates’ 19. Ross Garnaut (2008), ‘Introduction’ 20. Martin L. Weitzman (2009), ‘On Modeling and Interpreting the Economics of Catastrophic Climate Change’ 21. Nicholas Stern (2008), ‘The Economics of Climate Change’ 22. John Quiggin (2008), ‘Stern and his Critics on Discounting and Climate Change: An Editorial Essay’ 23. Michael Grubb (1995), ‘Seeking Fair Weather: Ethics and the International Debate on Climate Change’ 24. Noreen Beg, Jan Corfee Morlot, Ogunlade Davidson, Yaw Afrane-Okesse, Lwazikazi Tyani, Fatma Denton, Youba Sokona, Jean Philippe Thomas, Emilio Lèbre La Rovere, Jyoti K. Parikh, Kirit Parikh and A. Atiq Rahman (2002), ‘Linkages between Climate Change and Sustainable Development’ 25. A. Denny Ellerman and Barbara K. Buchner (2007), ‘The European Union Emissions Trading Scheme: Origins, Allocation, and Early Results’ 26. Warwick J. McKibbin and Peter J. Wilcoxen (2002), ‘The Role of Economics in Climate Change Policy’ PART III IMPACTS AND ADAPTATION 27. Joel D. Scheraga and Anne E. Grambsch (1998), ‘Risk, Opportunities, and Adaptation to Climate Change’ 28. Richard W. Katz and Barbara G. Brown (1992), ‘Extreme Events in a Changing Climate: Variability is More Important than Averages’ 29. Barry Smit and Johanna Wandel (2006), ‘Adaptation, Adaptive Capacity and Vulnerability’ 30. Ian Burton, Saleemul Huq, Bo Lim, Olga Pilifosova and Emma Lisa Schipper (2002), ‘From Impacts Assessment to Adaptation Priorities: The Shaping of Adaptation Policy’ 31. Stéphane Hallegatte, Jean-Charles Hourcade and Philippe Ambrosi (2007), ‘Using Climate Analogues for Assessing Climate Change Economic Impacts in Urban Areas’ 32. Peter Linquiti and Nicholas Vonortas (2012), ‘The Value of Flexibility in Adapting to Climate Change: A Real Options Analysis of Investments in Coastal Defense’ 33. Leo Dobes (2012), ‘Sir Sidney Kidman: Australia’s Cattle King as a Pioneer of Adaptation to Climatic Uncertainty’ 34. Stéphane Hallegatte (2009), ‘Strategies to Adapt to an Uncertain Climate Change’ 35. George L. Priest (1996), ‘The Government, the Market, and the Problem of Catastrophic Loss’ 36. Nils Petter Gleditsch (1998), ‘Armed Conflict and the Environment: A Critique of the Literature’ 37. François Gemenne (2011), ‘Why the Numbers Don’t Add Up: A Review of Estimates and Predictions of People Displaced by Environmental Changes’ 38. Sabine L. Perch-Nielsen, Michèle B. Bättig and Dieter Imboden (2008), ‘Exploring the Link between Climate Change and Migration’ 39. Roxana Juliá and Faye Duchin (2007), ‘World Trade as the Adjustment Mechanism of Agriculture to Climate Change’ 40. Robert Mendelsohn (2006), ‘The Role of Markets and Governments in Helping Society Adapt to a Changing Climate’

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Book SynopsisThis book focuses on three critical issues pertaining to the broader goal of sustainable development - namely, the degenerative forces of globalization, ecological sustainability requirements, and how best to negotiate the economic transition process.While the applicability of ecological sustainability to sustainable development is obvious, the association between economic transition and sustainable development, and, more particularly, how globalization forces can impact negatively on the sustainable development process, is poorly understood. Philip Lawn brings together some of the leading practitioners in the field of sustainable development to discuss these issues and to outline ways to achieve sustainable development without the perceived need for continuous growth. The book culminates with a number of policy recommendations and institutional modifications to assist nations and the global community to achieve sustainable development.This book will prove invaluable for academics and researchers in ecological, environmental and natural resource economics as well as sustainable development, globalization and international trade. Practitioners and policy-makers at all levels will find this resource both interesting and instrumental to their work.Contributors: M. Borucke, M. Clarke, M. Cole, R. Costanza, H. Daly, P. Fredriksson, A. Galli, T. Jackson, I. Kubiszewski, P. Lawn, E. Lazarus, S. Mattoon, W. Rees, J. Rockström, W. Steffen, P. Victor, M. WackernagelTable of ContentsContents: PART I: INTRODUCTION 1. Globalisation, Economic Transition, and the Environment: An Introduction Philip Lawn PART II: GLOBALISATION 2. Globalisation versus Internationalisation, and Four Reasons Why Internationalisation is Better Herman Daly 3. Carrying Capacity, Globalisation, and the Unsustainable Entanglement of Nations William Rees 4. Institutionalised Pollution Havens Matthew Cole and Per Fredriksson PART III: ECONOMIC TRANSITION 5. Prosperity Without Growth Tim Jackson 6. Economic Transition in Australia: Time to Move Towards a Steady-state Economy Philip Lawn 7. Assessing the Economic Transition Process Across the Asia-Pacific Region: Comparisons, Trends, and Policy Implications Matthew Clarke and Philip Lawn 8. Managing Without Growth in Canada: Exploring the Possibilities Peter Victor PART IV: THE ENVIRONMENT 9. The Environmental Kuznets Curve: Some Theoretical and Empirical Insights Philip Lawn 10. Planetary Boundaries: Using Early Warning Signals for Sustainable Global Governance Will Steffen, Johan Rockström, Ida Kubiszewski and Robert Costanza 11. Ecological Footprint Accounting Mathis Wackernagel, Alessandro Galli, Michael Borucke, Elias Lazarus and Scott Mattoon PART V: CONCLUSION 12. Globalisation, Economic Transition, and the Environment: Synthesis and a Way Forward Philip Lawn Index

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Book SynopsisIn recent years, there has been a marked proliferation in the literature on economic approaches to ecosystem management, which has created a subsequent need for real understanding of the scope and the limits of the economic approaches to ecosystems and biodiversity. Within this Handbook, carefully commissioned original contributions from acknowledged experts in the field address the new concepts and their applications, identify knowledge gaps and provide authoritative recommendations.The Handbook offers a wealth of case studies and further:- identifies the conceptual underpinnings of the economics of ecosystems and biodiversity- demonstrates new research methodologies and their applications- provides authoritative assessment of the recent results and findings in ecosystems services and biodiversity valuation and accounting- provides the reader with the state of the art of the research on the economics of ecosystem services and biodiversity- provides spatial explicit tools for mapping ecosystem services values for land-use planning, including in the context of business and industry.This authoritative assessment will appeal to researchers and academics at both the advanced undergraduate and post-graduate levels of environmental economics and ecological economics. Policy-makers in government, business and conservation sectors will find much to engage them as the work will prove essential for implementing effective response policies for the management of ecosystems and biodiversity.Contributors: P. Ala-aho, I. Anastasiou, J.Angulo-Valdés, V. Babalos, T. Badura, K.J. Bagstad, H.E. Balbach, E.B. Barbier, A.A. Batabyal, A. Bien, L.M. Brander, A. Catzim-Sanchez, H. Chen, W.W.L. Cheung, J.C. Cooper, J. Coria, G. Cucuzza, A.T. de Blaeij, T. Dedeurwaerdere, M. De Salvo, S. Di Falco, S.T.M. Dissanayake, A.K. Duraiappah, W.H Durham, R. Eskelinen, T. Figueredo Martín, P. Fong, M. Gemma, J.M. Gowdy, M. Honey, G.W. Johnson, T. Karjalainen, M. Kettunen, B. Klöve, E. Kougea, P. Koundouri, P. Kumar, V.W.Y. Lam, G.-M. Lange, V. Linderhof, A. Markandya, J. Maté, L. Mazza, C. Mena, Y. Mitani, E. Naikal, D. Narita, S. Navrud, P. Nijkamp, P.A.L.D. Nunes, H. Önal, R.R. Palatnik, C. Palmer, S. Parks, M. Pascual, M. Pérez-Soba, F.Pina-Amargós, N.B.P. Polman, L. Pratt, M. Pulido-Velazquez, M.J. Punt, D. Quiroga, K. Rehdanz, S. Reinhard, K. Reinikainen, E. Robinson, P.M. Rossi, G. Samonte, A. Seidl, D. Semmens, M. Shechter, B. Shitovitz, G. Signorello, R.D. Simpson, G. Slean, H.G. Smith, R.B.W. Smith, T. Sterner, M. Stithou, U.R. Sumaila, D. Suman, R.T. Tawfik, P. ten Brink, R.S.J. Tol, R.K. Turner, M. van der Heide, E.C. van Ierland, P. Verweij, F. Villa, S. Waage, X. Wang, H.-P. Weikard, J.D. Westervelt, M. Winograd, S. Withana, S. Zemah-ShamirTable of ContentsContents: Introduction Paulo A.L.D. Nunes, Pushpam Kumar and Tom Dedeurwaerdere PART I: SETTING THE SCENE: THE NEED FOR ECOSYSTEM SERVICE VALUATION 1. Comprehensive Wealth Accounting: Measuring Sustainable Development Glenn-Marie Lange and Esther Naikal 2. The Protective Value of Estuarine and Coastal Ecosystems Edward B. Barbier 3. Cruising for a Bruising: Challenges in Sustainable Capture of Ecosystem Service Values from Cruise Ship Tourism in Belize Andrew Seidl, Lawrence Pratt, Martha Honey, William H. Durham, Geraldine Slean and Amos Bien 4. Climate Change Effects on the Economics and Management of Marine Fisheries U. Rashid Sumaila, William W.L. Cheung and Vicky W. Y. Lam 5. The Economic Impacts of Ocean Acidification Luke M. Brander, Daiju Narita, Katrin Rehdanz and Richard S.J. Tol 6. Estimating the Welfare Loss of Climate Change Impact on Corals Pushpam Kumar and Hongyan Chen PART II: EMERGING ECONOMIC VALUATION METHODS, INCLUDING THE USE OF DELIBERATIVE, MACRO AND SPATIALLY EXPLICIT ECONOMIC VALUATION 7. The Behavioral Argument for an Expanded Valuation Framework for Biodiversity and Ecosystem Services John M. Gowdy and Sarah Parks 8. Valuing Ecosystem Services in Macroeconomic Setting Rodney B.W. Smith and Masahiko Gemma 9. Exploring the Use of a Macro-micro-based Approach to Value Biodiversity Productivity Impacts on the Agricultural Sector Ruslana Rachel Palatnik and Paulo A.L.D. Nunes 10. Quantifying and Valuing Ecosystem Services: An Application of ARIES to the San Pedro River Basin, USA Kenneth J. Bagstad, Darius Semmens, Ferdinando Villa and Gary W. Johnson 11. Optimal Selection of Clustered Conservation Lands Using Integer Programming: The Case of Fort Stewart in Georgia, USA Sahan T.M. Dissanayake, Hayri Önal, James D. Westervelt and Harold E. Balbach 12. QUICKScan: A Pragmatic Approach for Decision Support in Ecosystem Services Assessment and Management Manuel Winograd, Marta Pérez-Soba, Peter Verweij PART III: ECOSYSTEM SERVICES AND CONSERVATION POLICY 13. Ecosystem Service Valuation and the Allocation of Land R. David Simpson 14. Biodiversity Prospecting Over Time and Under Uncertainty: A Theory of Sorts Amitrajeet A. Batabyal and Peter Nijkamp 15. Game Theory and Marine Protected Areas: the Effects of Conservation Autarky in a Multiple Use Environment Maarten J. Punt, Hans-Peter Weikard and Ekko C. van Ierland 16. The Valuation of Ecosystem Services and Their Role in Decision-making: Constraints and Ways Forward Anil Markandya and Marta Pascual 17. Optimal Species Preservation Policy in a Symbiotic Relationship between Species Shiri Zemah-Shamir, Benyamin Shitovitz and Mordechai Shechter 18. Biodiversity, Poverty and Development Charles Palmer and Salvatore Di Falco 19. Biodiversity Conservation and Ecosystem Services Provision: A Tale of Confused Objectives, Multiple Market Failures and Policy Challenges Jessica Coria, Elizabeth Robinson, Henrik G. Smith and Thomas Sterner PART IV: SHEDDING LIGHT ON NON-MARKET VALUES OF ECOSYSTEM SERVICES 20. A Choice Experiment to Value the Recreational Benefits of Coral Reefs: A Case Study of Ras Mohammed National Park, Egypt Rady T. Tawfik and R. Kerry Turner 21. Using Ecological Information in Choice Experiments to Value Ecosystem Services Restoration Programs in East Asia Yohei Mitani and Ståle Navrud 22. A One and One Half Bound Contingent Valuation Survey to Estimate the Benefits of Restoring a Degraded Coastal Wetland Ecosystem: The Case Study of Capo Feto Giovanni Signorello, Joseph C. Cooper, Giuseppe Cucuzza and Maria De Salvo 23. A Micro-Econometric Approach to Deriving Use and Non-Use Values of in situ Groundwater: The Vosvozis Case Study, Greece Phoebe Koundouri, Vassilis Babalos, Mavra Stithou and Ioannis Anastasiou 24. The Economic Feasibility of the Creation of the Jardines de la Reina National Park Tamara Figueredo Martín, Fabián Pina Amargós and Jorge Angulo Valdés 25. Valuation of Ecosystem Services Provided by Man-made Wetlands Nico B.P. Polman, Arianne T. de Blaeij, Martijn van der Heide, Vincent Linderhof and Stijn Reinhard 26. The Contribution of Non-Use Values to Inform the Management of Groundwater Systems: The Rokua Esker, Northern Finland Phoebe Koundouri, Mavra Stithou, Eva Kougea, Pertti Ala-aho, Riko Eskelinen, Timo Karjalainen, Bjorn Klove, Manuel Pulido-Velazquez, Kalle Reinikainen and Pekka M. Rossi PART V: THE ROLE OF GOVERNANCE AND SCIENCE-POLICY-BUSINESS INTERFACE IN BRINGING VISIBLE ECOSYSTEM VALUES 27. Governance is Critical to Managing Coastal and Marine Resources: Effects of Marine Management Areas Giselle Samonte, Daniel Suman, Juan Maté, Diego Quiroga, Carlos Mena, Adele Catzim-Sanchez, Patrick Fong and Xuanwen Wang 28. Strengthening the Science-Policy Interface: Lessons from the Intergovernmental Platform on Biodiversity and Ecosystem Services Anantha Kumar Duraiappah 29. Governance of the Transition to a Green Economy – Responding to the Values of Nature Patrick ten Brink, Leonardo Mazza, Tomáš Badura, Marianne Kettunen and Sirini Withana 30. New Business Decision-Making Aids in an Era of Complexity, Scrutiny, and Uncertainty: Tools for Identifying, Assessing, and Valuing Ecosystem Services Sissel Waage Index

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Book SynopsisThe economics of nonrenewable resources addresses some of the most problematic issues concerning the sustainability of the world economy. This comprehensive research review discusses some of the most important and influential journal articles by some of the leading scholars in the field. Subjects discussed include: an introduction to the economics of nonrenewable resources; theoretical foundations for the field; nonhomogeneous resources; exploration and uncertainty; market structure; taxation and global climate change. The research review concludes with a discussion of the empirical research and the extent to which nonrenewable resources constrain economic growth as well as the consistency of the theoretical predictions of Hotelling-type models with actual economic outcomes.Table of ContentsContents: Research Review Robert Halvorsen Introduction Robert Halvorsen PART I SOLOW’S RICHARD T. ELY LECTURE 1. Robert M. Solow (1974), ‘The Economics of Resources or the Resources of Economics’, American Economic Review, 64 (2), May, 1–14 PART II THEORETICAL FOUNDATIONS 2. Harold Hotelling (1931), ‘The Economics of Exhaustible Resources’, Journal of Political Economy, 39 (2), April, 137–75 3. Partha Dasgupta and Geoffrey Heal (1974), ‘The Optimal Depletion of Exhaustible Resources’, Review of Economic Studies, Symposium on the Economics of Exhaustible Resources, 41 (5), December, 3–28 4. Joseph E. Stiglitz (1974), ‘Growth with Exhaustible Natural Resources: Efficient and Optimal Growth Paths’, Review of Economic Studies, Symposium on the Economics of Exhaustible Resources, 41 (5), December, 123–37 5. R. M. Solow (1974), ‘Intergenerational Equity and Exhaustible Resources’, Review of Economic Studies, Symposium on the Economics of Exhaustible Resources, 41 (5), December, 29–45 PART III NONHOMOGENOUS RESOURCES 6. Geoffrey Heal (1976), ‘The Relationship between Price and Extraction Cost for a Resource with a Backstop Technology’, Bell Journal of Economics, 7 (2), Autumn, 371–8 7. Robert M. Solow and Frederic Y. Wan (1976), ‘Extraction Costs in the Theory of Exhaustible Resources’, Bell Journal of Economics, 7 (2), Autumn, 359–70 8. David Levhari and Nissan Liviatan (1977), ‘Notes on Hotelling’s Economics of Exhaustible Resources’, Canadian Journal of Economics, 10 (2), May, 177–92 9. Y. H. Farzin (1992), ‘The Time Path of Scarcity Rent in the Theory of Exhaustible Resources’, Economic Journal, 102 (413), July, 813–30 PART IV EXPLORATION AND UNCERTAINTY 10. Robert S. Pindyck (1978), ‘The Optimal Exploration and Production of Nonrenewable Resources’, Journal of Political Economy, 86 (5), October, 841–61 11. John R. Livernois and Russell S. Uhler (1987), ‘Extraction Costs and the Economics of Nonrenewable Resources’, Journal of Political Economy, 95 (1), February, 195–203 12. Kenneth J. Arrow and Sheldon Chang (1982), ‘Optimal Pricing, Use, and Exploration of Uncertain Natural Resource Stocks’, Journal of Environmental Economics and Management, 9 (1), March, 1–10 13. Partha Dasgupta and Joseph Stiglitz (1981), ‘Resource Depletion under Technological Uncertainty’, Econometrica, 49 (1), January, 85–104 14. Robert S. Pindyck (1980), ‘Uncertainty and Exhaustible Resource Markets’, Journal of Political Economy, 88 (6), December, 1203–25 15. Joseph E. Swierzbinski and Robert Mendelsohn (1989), ‘Information and Exhaustible Resources: A Bayesian Analysis’, Journal of Environmental Economics and Management, 16 (3), May, 193–208 PART V ADDITIONAL DEVELOPMENT OF THEORY 16. John M. Hartwick (1977), ‘Intergenerational Equity and the Investing of Rents from Exhaustible Resources’, American Economic Review, 67 (5), December, 972–4 17. James L. Sweeney (1977), ‘Economics of Depletable Resources: Market Forces and Intertemporal Bias’, Review of Economic Studies, 44 (1), February, 125–41 18. David Levhari and Robert S. Pindyck (1981), ‘The Pricing of Durable Exhaustible Resources’, Quarterly Journal of Economics, XCVI (3), August, 365–77 19. Y. Hossein Farzin (1984), ‘The Effect of the Discount Rate on Depletion of Exhaustible Resources’, Journal of Political Economy, 92 (5), October, 841–51 20. Gérard Gaudet, Michel Moreau and Stephan Salant (2001), ‘Intertemporal Depletion of Resource Sites by Spatially Distributed Users’, American Economic Review, 91 (4), September, 1149–59 PART VI MARKET STRUCTURE 21. Joseph E. Stiglitz (1976), ‘Monopoly and the Rate of Extraction of Exhaustible Resources’, American Economic Review, 66 (4), September, 655–61 22. Stephen W. Salant (1976), ‘Exhaustible Resources and Industrial Structure: A Nash-Cournot Approach to the World Oil Market’, Journal of Political Economy, 84 (5), October, 1079–94 23. Michael Hoel (1978), ‘Resource Extraction, Substitute Production, and Monopoly’, Journal of Economic Theory, 19 (1), October, 28–37 24. Joseph E. Stiglitz and Partha Dasgupta (1982), ‘Market Structure and Resource Depletion: A Contribution to the Theory of Intertemporal Monopolistic Competition’, Journal of Economic Theory, 28 (1), October, 128–64 25. Partha Dasgupta, Richard J. Gilbert and Joseph E. Stiglitz (1982), ‘Invention and Innovation Under Alternative Market Structures: The Case of Natural Resources’, Review of Economic Studies, XLIY (4), October, 567–82 26. Hassan Benchekroun, Gérard Gaudet and Ngo Van Long (2006), ‘Temporary Natural Resource Cartels’, Journal of Environmental Economics and Management, 52 (3), November, 663–74 27. Gregory M. Ellis and Robert Halvorsen (2002), ‘Estimation of Market Power in a Nonrenewable Resource Industry’, Journal of Political Economy, 110 (4), August, 883–99 PART VII TAXATION 28. Ross Garnaut and Anthony Clunies Ross (1975), ‘Uncertainty, Risk Aversion and the Taxing of Natural Resource Projects’, Economic Journal, 85 (338), June, 272–87 29. Terry Heaps (1985), ‘The Taxation of Nonreplenishable Natural Resources Revisited’, Journal of Environmental Economics and Management, 12 (1), March, 14–27 30. Margaret E. Slade (1986), ‘Taxation of Non-Renewable Resources at Various Stages of Production, Canadian Journal of Economics, 19 (2), May, 281–97 31. Larry Karp and John Livernois (1992), ‘On Efficiency-Inducing Taxation for a Non-Renewable Resource Monopolist’ Journal of Public Economics, 49 (2), November, 219–39 PART VIII GLOBAL CLIMATE CHANGE 32. Alistair Ulph and David Ulph (1994), ‘The Optimal Time Path of a Carbon Tax’, Oxford Economic Papers, Special Issue on Environmental Economics, 46 Supplement 1, 857–68 33. Michael Hoel and Snorre Kverndokk (1996), ‘Depletion of Fossil Fuels and the Impacts of Global Warming’, Resource and Energy Economics, 18 (2), June, 115–36 34. Hans-Werner Sinn (2008), ‘Public Policies against Global Warming: A Supply Side Approach’, International Tax and Public Finance, 15 (4), August, 360–94 35. Reyer Gerlagh (2011), ‘Too Much Oil’, CESifo Economic Studies, 57 (1), 79–102 36. Frederick van der Ploeg and Cees Withagen (2012), ‘Is There Really a Green Paradox?’, Journal of Environmental Economics and Management, 64 (3), November, 342–63 PART IX RESOURCE CURSE 37. Jeffrey D. Sachs and Andrew M. Warner (2001), ‘Natural Resources and Economic Development: The Curse of Natural Resources’, European Economic Review, 45 (4-6), May, 827–38 38. Rabah Arezki and Frederick van der Ploeg (2011), ‘Do Natural Resources Depress Income Per Capita?’, Review of Development Economics, 15 (3), August, 504–21 PART X EMPIRICAL EVIDENCE 39. Manuel H. Johnson, Frederick W. Bell and James T. Bennett (1980), ‘Natural Resource Scarcity: Empirical Evidence and Public Policy’, Journal of Environmental Economics and Management, 7 (3), September, 256–71 40. Gardner M. Brown Jr. and Barry C. Field (1978), ‘Implications of Alternative Measures of Natural Resource Scarcity’, Journal of Political Economy, 86 (2), Part 1, April, 229–43 41. Margaret E. Slade (1982), ‘Trends in Natural-Resource Commodity Prices: An Analysis of the Time Domain’, Journal of Environmental Economics and Management, 9 (2), June, 122–37 42. Junsoo Lee, John A. List and Mark C. Strazicich (2006), ‘Non-Renewable Resource Prices: Deterministic or Stochastic Trends?’, Journal of Environmental Economics and Management, 51 (3), May, 354–70 43. Geoffrey M. Heal and Michael Barrow (1980), ‘The Relationship Between Interest Rates and Metal Price Movements’, Review of Economic Studies, Econometrics Issue, 47 (1), January, 161–81 44. Robert Halvorsen and Tim R. Smith (1991), ‘A Test of the Theory of Exhaustible Resources’, Quarterly Journal of Economics, 106 (1), February, 123–40 45. Merton H. Miller and Charles W. Upton (1985), ‘A Test of the Hotelling Valuation Principle’, Journal of Political Economy, 93 (1), February, 1–25 46. Martin L. Weitzman (1999), ‘Pricing the Limits to Growth from Minerals Depletion’, Quarterly Journal of Economics, 114 (2), May, 691–706 Index

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Book SynopsisThis two-volume work comprises a selection of seminal articles published over the past decade that have significantly advanced the study of tourism economics. The papers have been selected for their theoretical contributions as well as their contribution to informed policy making. Volume I comprises articles representing advances in the areas of demand modelling, forecasting, supply, pricing, taxation and the environment. Volume II comprises articles which make advances in the areas of tourism and economic growth, trade, development, impacts and destination competitiveness. This authoritative collection, along with an original introduction by the editors, will have particular appeal to university instructors, researchers, graduate students and tourism economists in private sector and policy-making organisations.Table of ContentsContents: Volume 1: Demand, Supply, Pricing, Taxation, Employment and the Environment Acknowledgements Introduction Larry Dwyer and Neelu Seetaram PART I TOURISM DEMAND MODELING AND FORECASTING 1. Haiyan Song and Gang Li (2008), ‘Tourism Demand Modelling and Forecasting—A Review of Recent Research’ 2. Lindsay W. Turner and Stephen F. Witt (2001), ‘Factors Influencing Demand for International Tourism: Tourism Demand Analysis Using Structural Equation Modelling, Revisited’ 3. Christine Lim and Michael McAleer (2001), ‘Cointegration Analysis of Quarterly Tourism Demand by Hong Kong and Singapore for Australia’ 4. Nada Kulendran and Kevin K.F. Wong (2005), ‘Modeling Seasonality in Tourism Forecasting’ 5. Haiyan Song and Kevin K.F. Wong (2003), ‘Tourism Demand Modeling: A Time-Varying Parameter Approach’ 6. Isabel Cortés-Jiménez, Ramesh Durbarry and Manuela Pulina (2009), ‘Estimation of Outbound Italian Tourism Demand: A Monthly Dynamic EC-LAIDS Model’ 7. Neelu Seetaram (2010), ‘Use of Dynamic Panel Cointegration Approach to Model International Arrivals to Australia’ 8. Joaquıń Alegre and Llorenç Pou (2006), ‘The Length of Stay in the Demand for Tourism’ PART II SUPPLY AND PRICING 9. J.M. Espinet, M. Saez, G. Coenders and M. Fluvià (2003), ‘Effect on Prices of the Attributes of Holiday Hotels: A Hedonic Prices Approach’ 10. Yoav Wachsman (2006), ‘Strategic Interactions Among Firms in Tourist Destinations’ 11. Stephen Wanhill (2006), ‘Some Economics of Staging Festivals: The Case of Opera Festivals’ 12. Serguei Kaniovski, Michael Peneder and Egon Smeral (2008), ‘Determinants of Firm Survival in the Austrian Accommodation Sector’ 13. Haiyan Song, Shu Yang and George Q. Huang (2009), ‘Price Interactions Between Theme Park and Tour Operator’ 14. Jenny Cave, Kartick Gupta and Stuart Locke (2009), ‘Supply-Side Investments: An International Analysis of the Return and Risk Relationship in the Travel & Leisure Sector’ PART III TOURISM AND TRANSPORT 15. Peter Forsyth (2006), ‘Martin Kunz Memorial Lecture: Tourism Benefits and Aviation Policy’ 16. Clive L. Morley (2007), ‘Research Note: Implications for Regional Destinations of New Airline Strategies’ 17. Andreas Papatheodorou and Zheng Lei (2006), ‘Leisure Travel in Europe and Airline Business Models: A Study of Regional Airports in Great Britain’ 18. Belén Rey, Rafael L. Myro and Asun Galera (2011), ‘Effect of Low-Cost Airlines on Tourism in Spain. A Dynamic Panel Data Model’ 19. Daniel Albalate and Germà Bel (2010), ‘Tourism and Urban Public Transport: Holding Demand Pressure Under Supply Constraints’ 20. Neelu Seetaram (2010), ‘Computing Airfare Elasticities or Opening Pandora’s Box’ PART IV TAXATION 21. Nishaal Gooroochurn and M. Thea Sinclair (2005), ‘Economics of Tourism Taxation: Evidence from Mauritius’ 22. Li Sheng and Yanming Tsui (2009), ‘Taxing Tourism: Enhancing or Reducing Welfare?’ 23. Nishaal Gooroochurn and Thea Sinclair (2008), ‘Commodity Taxation in the Presence of Tourists’ 24. Peter Forsyth and Larry Dwyer (2002) ‘Market Power and the Taxation of Domestic and International Tourism’ 25. Ramesh Durbarry (2008), ‘Tourism Taxes: Implications for Tourism Demand in the UK’ 26. Claudio A.G. Piga (2003), ‘Pigouvian Taxation in Tourism’ 27. Richard S.J. Tol (2007), ‘The Impact of a Carbon Tax on International Tourism’ PART V TOURISM AND THE ENVIRONMENT 28. Pedro Pintassilgo and João Albino Silva (2007), ‘“Tragedy of the Commons” in the Tourism Accommodation Industry’ 29. Robert J. Johnston and Timothy J. Tyrrell (2005), ‘A Dynamic Model of Sustainable Tourism’ 30. Ester Blanco, Javier Rey-Maquieira and Javier Lozano (2009), ‘Economic Incentives for Tourism Firms to Undertake Voluntary Environmental Management’ 31. Patrizia Riganti and Peter Nijkamp (2008), ‘Congestion in Popular Tourist Areas: A Multi-Attribute Experimental Choice Analysis of Willingness-to-Wait in Amsterdam’ 32. Carmelo J. León, Juan M. Hernández and Matías González (2007), ‘Economic Welfare, the Environment and the Tourist Product Life Cycle’ 33. Javier Lozano, Carlos M. Gómez and Javier Rey-Maquieira (2008), ‘The TALC Hypothesis and Economic Growth Theory’ 34. Larry Dwyer, Peter Forsyth, Ray Spurr and Serajul Hoque (2010), ’Estimating the Carbon Footprint of Australian Tourism’ PART VI EMPLOYMENT ISSUES 35. Christer Thrane (2008), ‘Earnings Differentiation in the Tourism Industry: Gender, Human Capital and Socio-Demographic Effects’ 36. Adelaida Lillo-Bañuls and José M. Casado-Díaz (2010), ‘Rewards to Education in the Tourism Sector: One Step Ahead’ 37. Juan Antonio Campos-Soria, Bienvenido Ortega-Aguaza and Miguel Angel Ropero-García (2009), ‘Gender Segregation and Wage Difference in the Hospitality Industry’ 38. Chi-Chur Chao, Bharat R. Hazari, Jean-Pierre Laffargue and Eden S.H. Yu (2009), ‘A Dynamic Model of Tourism, Employment and Welfare: The Case Of Hong Kong’ Volume II: Tourism, Trade, Growth and Welfare Acknowledgements Introduction An introduction to both volumes appears in Volume I PART I TOURISM TRADE, GROWTH AND ECONOMIC DEVELOPMENT A Tourism and Economic Growth 1. Jacint Balaguer and Manuel Cantavella-Jordá (2002), ‘Tourism as a Long-Run Economic Growth Factor: The Spanish Case’ 2. Paolo Figini and Laura Vici (2010), ‘Tourism and Growth in a Cross Section of Countries’ 3. Chien-Chiang Lee and Chun-Ping Chang (2008), ‘Tourism Development and Economic Growth: A Closer Look at Panels’ 4. Sara Proença and Elias Soukiazis (2008), ‘Tourism as an Economic Growth Factor: A Case Study for Southern European Countries’ 5. Pedro M.D.C.B. Gouveia and Paulo M.M. Rodrigues (2005), ‘Dating and Synchronizing Tourism Growth Cycles’ B International Trade 6. Jean-Jacques Nowak, Sylvain Petit and Mondher Sahli (2010), ‘Tourism and Globalization: The International Division of Tourism Production’ 7. Salvador Gil-Pareja, Rafael Llorca-Vivero and José Antonio Martínez-Serrano (2007), ‘The Effect of EMU on Tourism’ 8. Chi-Chur Chao, Bharat R. Hazari and Eden S.H. Yu (2010), ‘Quotas, Spillovers, and the Transfer Paradox in an Economy with Tourism’ 9. Chi-Chur Chao, Bharat R. Hazari, Jean-Pierre Laffargue, Pasquale M. Sgro and Eden S.H. Yu (2006), ‘Tourism, Dutch Disease and Welfare in an Open Dynamic Economy’ 10. Jean-Jacques Nowak, Mondher Sahli and Isabel Cortés-Jiménez (2007), ‘Tourism, Capital Good Imports and Economic Growth: Theory and Evidence for Spain’ C Social Issues – Welfare Effect 11. Mondher Sahli and Jean-Jacques Nowak (2007), ‘Does Inbound Tourism Benefit Developing Countries? A Trade Theoretic Approach’ 12. Adam Blake, Jorge Saba Arbache, M. Thea Sinclair and Vladimar Teles (2008), ‘Tourism and Poverty Relief’ 13. Anan Wattanakuljarus and Ian Coxhead (2008), ‘Is Tourism-Based Development Good for the Poor? A General Equilibrium Analysis for Thailand’ 14. Robertico Croes and Manuel Vanegas, Sr. (2008), ‘Cointegration and Causality between Tourism and Poverty Reduction’ 15. Rinaldo Brau, Alessandro Lanza and Francesco Pigliaru (2007), ‘How Fast are Small Tourism Countries Growing? Evidence from the Data for 1980–2003’ 16. Diaram Ramjee Singh (2009), ‘Small Island Developing States (SIDS): Tourism and Economic Development’ PART II ECONOMIC IMPACTS 17. Larry Dwyer, Peter Forsyth, John Madden and Ray Spurr (2000), ‘Economic Impacts of Inbound Tourism under Different Assumptions Regarding the Macroeconomy’ 18. Adam Blake (2009), ‘The Dynamics of Tourism’s Economic Impact’ 19. Stefan F. Schubert and Juan Gabriel Brida (2009), ‘Macroeconomic Effects of Changes in Tourism Demand: A Simple Dynamic Model’ 20. Larry Dwyer, Peter Forsyth and Ray Spurr (2004), ‘Evaluating Tourism’s Economic Effects: New and Old Approaches’ 21. Larry Dwyer, Peter Forsyth and Ray Spurr (2005), ‘Estimating the Impacts of Special Events on an Economy’ 22. John R. Madden (2006), ‘Economic and Fiscal Impacts of Mega Sporting Events: A General Equilibrium Assessment’ PART III TOURISM IN CRISIS 23. Nenad Njegovan (2006), ‘Are Shocks to Air Passenger Traffic Permanent or Transitory?: Implications for Long-Term Air Passenger Forecasts for the UK’ 24. Adam Blake and M. Thea Sinclair (2003), ‘Tourism Crisis Management: US Response to September 11’ 25. Xiamming Meng, Mahinda Siriwardana, Brian Dollery and Stuart Mounter (2010), ‘The Impact of the 2008 World Financial Crisis on Tourism and the Singapore Economy and Policy Responses: A CGE Analysis’ 26. Haiyan Song and Shanshan Lin (2010), ‘Impacts of the Financial and Economic Crisis on Tourism in Asia’ 27. Djauhari Pambudi, Nathalie McCaughey and Russell Smyth (2009), ‘Computable General Equilibrium Estimates of the Impact of the Bali Bombing on the Indonesian Economy’ 28. Paresh Kumar Narayan and Biman Chand Prasad (2007), ‘The Long-Run Impact of Coups on Fiji's Economy: Evidence From A Computable General Equilibrium Model’ 29. A.T. Blake, M.T. Sinclair and P.B. Chand (2003), ‘Quantifying the Impact of Foot and Mouth Disease on Tourism and the UK Economy’ PART IV DESTINATION COMPETITIVENESS 30. Maria Francesca Cracolici, Peter Nijkamp and Piet Rietveld (2008), ‘Assessment of Tourism Competitiveness by Analysing Destination Efficiency’ 31. Larry Dwyer, Peter Forsyth and Prasada Rao (2002), ‘Destination Price Competitiveness: Exchange Rate Changes versus Domestic Inflation’ 32. Nicolas Peypoch (2007), ‘On Measuring Tourism Productivity’ 33. Adam Blake, M. Thea Sinclair and Juan Antonio Campos Soria (2006), ‘Tourism Productivity: Evidence from the United Kingdom’ 34. Carlos P. Barros and Fernando P. Alves (2004), ‘Productivity in the Tourism Industry’ 35. Larry Dwyer, Peter Forsyth and Prasada Rao (2000), ‘The Price Competitiveness of Travel and Tourism: A Comparison of 19 Destinations’ 36. Larry Dwyer and Peter Forsyth (2008), ‘Economic Measures of Tourism Yield: What Markets to Target?’

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Book SynopsisThis book is a superb textbook treatment of benefit-cost analysis. It is well designed for students in public policy, public administration, public health, social work, environmental affairs, law and business.'- John D. Graham, Indiana University, US'Principles and Standards for Benefit-Cost Analysis is well worth reading. The volume reproduces some chapters previously published online in the Journal of Benefit-Cost Analysis alongside new material that has not yet appeared in print, and does so in a logical and appealing way. Even the several chapters with which I disagreed made me think hard about my own views. And thinking hard is a good thing!'- Paul R. Portney, University of Arizona, USBenefit-cost analysis informs which policies or programs most benefit society when implemented by governments and institutions around the world. This volume brings together leading researchers and practitioners to recommend strategies and standards to improve the consistency and credibility of such analyses, assisting analysts of all types in achieving a greater uniformity of practice.Although new analytical approaches are constantly being used and tested, this book supports the emergence of a professional culture adhering to a set of principles and standards that can be used to identify useful analytical processes and to discard less useful ones. Contributors to this volume come from a wide variety of backgrounds and include authors of leading textbooks, editors of journals, former government officials, and practitioners whose analyses have shaped decisions about education, the environment, security, income distribution, and other vital social and economic policies. Students and professors of public sector economics will find much of interest in this groundbreaking book. Practitioners working in government, non-profit organizations, and international institutions, including welfare economists, policy analysts, environmentalists, engineers, and others will also benefit from this volume's sophisticated and practical recommendations.Contributors: D.F. Burgess, J.H. Cook, T.B. Davis, S. Farrow, N. Garland, J.K. Hammitt, L.A. Karoly, H.A. Klaiber, J.B. Loomis, J.R. Lott, Jr, L.A. Robinson, T. Scott, V.K. Smith, A.R. Vining, W.K. Viscusi, D.L. Weimer, R.O. Zerbe, Jr.Trade Review‘This book is a superb textbook treatment of benefit–cost analysis. It is well designed for students in public policy, public administration, public health, social work, environmental affairs, law and business.’ -- John D. Graham, Indiana University, US‘Principles and Standards for Benefit–Cost Analysis is well worth reading. The volume reproduces some chapters previously published online in the Journal of Benefit–Cost Analysis alongside new material that has not yet appeared in print, and does so in a logical and appealing way. Even the several chapters with which I disagreed made me think hard about my own views. And thinking hard is a good thing!’ -- Paul R. Portney, University of Arizona, USTable of ContentsContents: Introduction: Professionalizing Benefit–Cost Analysis Scott Farrow and Richard O. Zerbe, Jr. 1. An Assessment of Important Issues Concerning the Application of Benefit–Cost Analysis to Social Policy Aidan R. Vining and David L. Weimer 2. Toward Standardization of Benefit–Cost Analysis of Early Childhood Interventions Lynn A. Karoly 3. Principles and Standards for Benefit–Cost Analysis of Public Health Preparedness and Pandemic Mitigation Programs Joseph H. Cook 4. Principles and Standards for the Benefit–Cost Analysis of Crime John R. Lott, Jr. 5. Towards Principles and Standards for the Benefit–Cost Analysis of Safety Scott Farrow and W. Kip Viscusi 6. Developing General Equilibrium Benefit Analyses for Social Programs: An Introduction and Example H. Allen Klaiber and V. Kerry Smith 7. Appropriate Discounting for Benefit–Cost Analysis David F. Burgess and Richard O. Zerbe, Jr. 8. Ethical Benefit–Cost Analysis as Art and Science: Ten Rules for Benefit–Cost Analysis Richard O. Zerbe, Jr. 9. Incorporating Distributional Issues into Benefit–Cost Analysis: Why, How, and Two Empirical Examples Using Non-market Valuation John B. Loomis 10. Behavioral Economics and the Conduct of Benefit–Cost Analysis: Towards Principles and Standards Lisa A. Robinson and James K. Hammitt 11. Conclusion: Principles and Standards for Benefit–Cost Analysis Richard O. Zerbe, Jr., Tyler Blake Davis, Nancy Garland and Tyler Scott

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Book SynopsisBy providing the real-world examples and lessons, the book will guide policy-makers and experts in their efforts in exploring and applying these pathways and tools in the larger context of development policies of nations and the pursuit of a sustainable century.'- From the foreword by Achim Steiner United Nations Under-Secretary-General and Executive Director, United Nations Environment ProgrammeUsing a selection of authoritative and original contributions, this timely book explores the uncertainty surrounding the impact of decisions undertaken to manage ecosystem services worldwide.Invariably, the policies designed and implemented to manage forests, wetlands, and marine and coastal environments often involve conflicts of interest between various stakeholders. This has added an additional layer of complexity in the context of developing countries where institutions and governance are weak or absent. Economic valuation and the subsequent design of innovative response tools such as payment for ecosystem services (PES) have the potential to offer far greater transparency. In the case of LDCs, the identification of suitable institutions for executing these tools is also of vital importance.With a strong policy focus, the contributors synthesize the scientific approaches to PES, valuation, trade-offs, equity and the institutional requirements to operationalize a credible concept of economic value. The book also addresses the behavioral foundations of creating the incentive design and response policies for ecosystem management.This book will prove helpful to ecosystems management researchers and postgraduate students of conservation and development. Conservation managers, decision makers and development practitioners will also find this resource both interesting and beneficial to their work.Contributors: R. Arriagada, I. Bateman, J. Blignaut, A.G. Drucker, A.K. Duraiappah, T. Elmqvist, B. Fisher, J.M. Gowdy, K. Hylander, J. Krishnaswamy, P. Kumar, R. Muradian, U. Narloch, I. Parker, U. Pascual, N. Pazmino, C. Perrings, L.C. Rodriguez, A. Salman, I. Thiaw, R.K. Turner, M. Tuvendal, S. WhittenTrade Review‘By providing the real-world examples and lessons, the book will guide policy-makers and experts in their efforts in exploring and applying these pathways and tools in the larger context of development policies of nations and the pursuit of a sustainable century.’ -- From the foreword by Achim Steiner United Nations Under-Secretary-General and Executive Director, United Nations Environment ProgrammeTable of ContentsContents: Foreword Achim Steiner Preface 1. Values, Payments and Institutions for Ecosystem Management: A Developing Country Perspective Pushpam Kumar and Ibrahim Thiaw 2. Making Payments for Ecosystem Services Work Rodrigo Arriagada and Charles Perrings 3. Valuing Ecosystem Services: Benefits, Values, Space and Time Brendan Fisher, Ian Bateman and R. Kerry Turner 4. Managing Trade-offs in Ecosystem Services Thomas Elmqvist, Magnus Tuvendal, Jagdish Krishnaswamy and Kristoffer Hylander 5. Revisiting the Relationship between Equity and Efficiency in Payments for Ecosystem Services Unai Pascual, Roldan Muradian, Luis C. Rodriguez and Anantha K. Duraiappah 6. Are the Amounts of Payments for Environmental Services Enough to Contribute to Poverty Alleviation Efforts in Developing Countries? Luis C. Rodriguez, Unai Pascual and Roldan Muradian 7. Unifying Environmental and Social Protection: Learning from PES and CCT in Developing Countries Luis C. Rodriguez, Unai Pascual, Roldan Muradian, Nathalie Pazmino and Stuart Whitten 8. Exploring the Potential of Payments for Ecosystem Services for in-situ Agrobiodiversity Conservation Ulf Narloch, Adam G. Drucker and Unai Pascual 9. Paying for International Environmental Public Goods Rodrigo Arriagada and Charles Perrings 10. Institution and Ecosystem Functions: The Case of Keti Bunder, Pakistan John M. Gowdy and Aneel Salman 11. How Ecosystem-based Restoration Can Yield a Double Dividend of Adaptation to Climate Change and Enhancement of Ecosystem Services James Blignaut 12. The Ethical Foundations of Cultural Diversity in Ecosystems and their Role in Economic Valuation Ian Parker 13. Lessons Learned and Conclusions Pushpam Kumar Index

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Book SynopsisThis comprehensive and accessible textbook addresses important relationships between economics and environmental policy, especially highlighting the role of taxation. It also connects environmental policy to social accounting by describing how measures of welfare and sustainable development depend on whether policies successfully internalize market failures.The authors discuss how the modern literature on environmental taxation and tradable permits has evolved. Environmental taxation is examined from a purely corrective perspective, and as part of a broader system of optimal taxation that reflects distributional objectives. Cost benefit rules of environmental policy reforms are also examined in various contexts. Key features include: ? Examination of optimal tax policy in static and dynamic general equilibrium models with environmental externalities? Examination of cost benefit rules for environmental policy reforms? Essential historical background to the modern literature on environmental policy? Discussion of measures of welfare and sustainable development? Environmental policy from a fiscal federalism perspective. This textbook will be essential reading for those studying environmental economics and environmental policy, working effectively as both an in-depth supplementary text in general courses on environmental economics and a strong main source for environmental policy courses.Trade Review'This new textbook presents a detailed analysis of the theoretical insights which economics has been able to shed on the issue of pollution control in both static and dynamic models. The text will be very useful to PhD students who are interested in modelling pollution taxes and tradeable permit markets. A fascinating extension to how governments can correct market failures with respect to possible ''catastrophic'' problems brought about by investments in nuclear energy is also presented. The second part of the book extends the analysis, looking at the problem of measuring social welfare over time, and in particular how a genuine savings indicator can be produced, and then adjusted for imperfections in the economy. This links to current theoretical and policy work on ''inclusive wealth'' and natural capital, which is proving very influential within and beyond economics. The issues of commodity taxes, environmental policy within a federal system, and how best to respond to transboundary externalities such as climate change are also analysed. For those readers looking for a detailed, thoughtful and technical treatment of these subjects, this book will provide a valuable resource.' --Nick Hanley, University of St Andrews, UKTable of ContentsContents: 1. Introduction 2. A Brief History of Economics and Environmental Policy 3. Markets and Externalities 4. Welfare and the Environment: General Equilibrium Models 5. Nuclear Power and Externalities 6. Welfare Comparisons, Public Policy, and Sustainable Development 7. Heterogeneity and Redistribution 8. Efficiency, Inefficiency, and Transboundary Externalities Index

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Book SynopsisThis comprehensive and accessible textbook addresses important relationships between economics and environmental policy, especially highlighting the role of taxation. It also connects environmental policy to social accounting by describing how measures of welfare and sustainable development depend on whether policies successfully internalize market failures.The authors discuss how the modern literature on environmental taxation and tradable permits has evolved. Environmental taxation is examined from a purely corrective perspective, and as part of a broader system of optimal taxation that reflects distributional objectives. Cost benefit rules of environmental policy reforms are also examined in various contexts. Key features include: ? Examination of optimal tax policy in static and dynamic general equilibrium models with environmental externalities? Examination of cost benefit rules for environmental policy reforms? Essential historical background to the modern literature on environmental policy? Discussion of measures of welfare and sustainable development? Environmental policy from a fiscal federalism perspective. This textbook will be essential reading for those studying environmental economics and environmental policy, working effectively as both an in-depth supplementary text in general courses on environmental economics and a strong main source for environmental policy courses.Trade Review'This new textbook presents a detailed analysis of the theoretical insights which economics has been able to shed on the issue of pollution control in both static and dynamic models. The text will be very useful to PhD students who are interested in modelling pollution taxes and tradeable permit markets. A fascinating extension to how governments can correct market failures with respect to possible ''catastrophic'' problems brought about by investments in nuclear energy is also presented. The second part of the book extends the analysis, looking at the problem of measuring social welfare over time, and in particular how a genuine savings indicator can be produced, and then adjusted for imperfections in the economy. This links to current theoretical and policy work on ''inclusive wealth'' and natural capital, which is proving very influential within and beyond economics. The issues of commodity taxes, environmental policy within a federal system, and how best to respond to transboundary externalities such as climate change are also analysed. For those readers looking for a detailed, thoughtful and technical treatment of these subjects, this book will provide a valuable resource.' --Nick Hanley, University of St Andrews, UKTable of ContentsContents: 1. Introduction 2. A Brief History of Economics and Environmental Policy 3. Markets and Externalities 4. Welfare and the Environment: General Equilibrium Models 5. Nuclear Power and Externalities 6. Welfare Comparisons, Public Policy, and Sustainable Development 7. Heterogeneity and Redistribution 8. Efficiency, Inefficiency, and Transboundary Externalities Index

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Book SynopsisGovernments around the globe have begun to implement various actions to limit carbon emissions and so, combat climate change. This book brings together some of the leading scholars in environmental and climate economics to examine the distributional consequences of policies that are designed to reduce these carbon emissions.Whether through a carbon tax, cap-and-trade system or other mechanisms, most proposals to reduce carbon emissions include some kind of carbon pricing system - shifting the costs of emissions onto polluters and providing an incentive to find the least costly methods of abatement. This standard efficiency justification for pricing carbon also has important distributional consequences - a problem that is often ignored by economists while being a major focus of attention in the political arena. Leading scholars in environmental and climate economics take up these issues to examine such questions as: Will the costs fall on current or future generations? Will they fall on the rich, poor, middle class, or on everyone proportionally? Which countries will benefit, and which will suffer?Students and scholars interested in climate change, along with policy makers, will find this lively volume an invaluable addition to the quest for information on this globally important issue.Contributors include: S. Barrett, G.S. Becker, J. Blonz, C. Boehringer, D. Burtraw, M.A. Cohen, M. Deshpande, S. Devarajan, J. Elliott, C. Fischer, I. Foster, D. Fullerton, R. Goettle, M. Greenstone, T. Hertel, G. Heutel, M.S. Ho, D.W. Jorgenson, K. Judd, L. Kaplow, C.D. Kolstad, S. Kortum, A.M. Levinson, R.D. Ludema, G.E. Metcalf, E. Moyer, T. Munson, K.M. Murphy, S. Paltsev, I.W.H. Parry, W. Randolph, S. Rausch, J.M. Reilly, K.E. Rosendahl, D.T. Slesnick, R.H. Topel, M.A. Walls, D.A. Weisbach, M.L. Weitzman, P.J. Wilcoxen, R.C. WilliamsTable of ContentsContents: Acknowledgements Introduction: Mark A. Cohen, Don Fullerton and Robert H. Topel 1. Gary S. Becker, Kevin M. Murphy and Robert H. Topel (2010), ‘On the Economics of Climate Policy’ 2. Manasi Deshpande and Michael Greenstone (2010), ‘Comment on “On the Economics of Climate Policy”: Is Climate Change Mitigation the Ultimate Arbitrage Opportunity?’ 3. Louis Kaplow, Elisabeth Moyer and David A. Weisbach (2010), ‘The Social Evaluation of Intergenerational Policies and Its Application to Integrated Assessment Models of Climate Change’ 4. Martin L. Weitzman (2010), ‘Comment on “The Social Evaluation of Intergenerational Policies and Its Application to Integrated Assessment Models of Climate Change”’ 5. Don Fullerton and Garth Heutel (2010), ‘Analytical General Equilibrium Effects of Energy Policy on Output and Factor Prices’ 6. Samuel Kortum (2010), ‘Comment on “Analytical General Equilibrium Effects of Energy Policy on Output and Factor Prices”’ 7. Joshua Blonz, Dallas Burtraw and Margaret A. Walls (2010), ‘Climate Policy’s Uncertain Outcomes for Households: The Role of Complex Allocation Schemes in Cap-and-Trade’ 8. Arik M. Levinson (2010), ‘Comment on “Climate Policy’s Uncertain Outcomes for Households: The Role of Complex Allocation Schemes in Cap-and-Trade”’ 9. Ian W.H. Parry and Roberton C. Williams III (2010), ‘What are the Costs of Meeting Distributional Objectives for Climate Policy?’ 10. William Randolph (2010), ‘Comment on “What are the Costs of Meeting Distributional Objectives for Climate Policy?”’ 11. Sebastian Rausch, Gilbert E. Metcalf, John M. Reilly and Sergey Paltsev (2010), ‘Distributional Implications of Alternative U.S. Greenhouse Gas Control Measures’ 12. Shanta Devarajan (2010), ‘Comment on “Distributional Implications of Alternative U.S. Greenhouse Gas Control Measures”’ 13. Dale W. Jorgenson, Richard Goettle, Mun S. Ho, Daniel T. Slesnick and Peter J. Wilcoxen (2010), ‘The Distributional Impact of Climate Policy’ 14. Thomas Hertel (2010), ‘Comment on “The Distributional Impact of Climate Policy”’ 15. Joshua Elliott, Ian Foster, Kenneth Judd, Elisabeth Moyer and Todd Munson (2010), ‘CIM-EARTH: Framework and Case Study’ 16. Don Fullerton (2010), ‘Comment on “CIM-EARTH: Framework and Case Study”’ 17. Christoph Boehringer, Carolyn Fischer and Knut Einar Rosendahl (2010), ‘The Global Effects of Subglobal Climate Policies’ 18. Rodney D. Ludema (2010), ‘Comment on “The Global Effects of Subglobal Climate Policies”’ 19. Charles D. Kolstad (2010), ‘Equity, Heterogeneity and International Environmental Agreements’ 20. Scott Barrett (2010), ‘Comment on “Equity, Heterogeneity and International Environmental Agreements”’

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Book SynopsisIf you're interested in the cutting-edge of the very best thinking on economics and the environment, it's right here. Boyce has done a masterful job integrating issues of equity and ecological thinking into economics, and presenting deep and important ideas accessibly with the latest research to back them up. Not just recommended, but essential.'- Juliet Schor, Boston College, US and author of True Wealth: How and Why Millions of Americans are Creating a Time-rich, Ecologically-light, Small-scale, High-satisfaction Economy'A colleague of mine puts it best: when thinking about the fundamentals of the economy and the environment, there is Pigou, Coase, and Boyce. Boyce adds to traditional economics the critical understanding that social power is a determinant of the extent and spatial scale of environmental degradation. In these essays, on subjects ranging from housing and credit markets to agriculture and globalization, Boyce mixes a data-driven picture of unequal environmental protection with a keen and useful discussion of the many forms of social power that can help right the scales.'- Eban Goodstein, Bard College, USThis fascinating volume has at its heart a simple but powerful premise: that a clean and safe environment is not a commodity to be allocated on the basis of purchasing power, nor a privilege to be allocated through political power, but rather a basic human right. Building upon this premise, James K. Boyce explores the many ways in which economics can be refashioned into an instrument for advancing human well-being and environmental health.Comprising a decade's worth of essays written since the publication of the author's pathbreaking book, The Political Economy of the Environment (2002), this volume discusses a number of diverse environmental issues through an economist's lens. Topics covered include environmental justice, disaster response, globalization and the environment, industrial toxins and other pollutants, cap-and-dividend climate policies, and agricultural biodiversity.The first economics book to explore the idea that the environment belongs in equal measure to us all, this pioneering volume will hold great interest for students, professors and researchers of both economics and environmental studies.Contents: 1. The Environment as Our Common Heritage 2. Is Inequality Bad for the Environment? 3. In the Wake of the Storm: Disasters and Environmental Justice 4. Justice in the Air: Tracking America's Industrial Toxics 5. Where Credit is Due 6. Cap and Dividend: Carbon Revenue as Common Wealth 7. A Chinese Sky Trust 8. A Future for Small Farms 9. Globalization and Our Environmental Future IndexTrade Review'If you're interested in the cutting-edge of the very best thinking on economics and the environment, it's right here. Boyce has done a masterful job integrating issues of equity and ecological thinking into economics, and presenting deep and important ideas accessibly with the latest research to back them up. Not just recommended, but essential.' - Juliet Schor, Boston College, US and author of True Wealth: How and Why Millions of Americans are Creating a Time-rich, Ecologically-light, Small-scale, High-satisfaction Economy 'A colleague of mine puts it best: when thinking about the fundamentals of the economy and the environment, there is Pigou, Coase, and Boyce. Boyce adds to traditional economics the critical understanding that social power is a determinant of the extent and spatial scale of environmental degradation. In these essays, on subjects ranging from housing and credit markets to agriculture and globalization, Boyce mixes a data-driven picture of unequal environmental protection with a keen and useful discussion of the many forms of social power that can help right the scales.' --- Eban Goodstein, Bard College, USTable of ContentsContents: 1. The Environment as Our Common Heritage 2. Is Inequality Bad for the Environment? 3. In the Wake of the Storm: Disasters and Environmental Justice 4. Justice in the Air: Tracking America’s Industrial Toxics 5. Where Credit is Due 6. Cap and Dividend: Carbon Revenue as Common Wealth 7. A Chinese Sky Trust 8. A Future for Small Farms 9. Globalization and Our Environmental Future Index

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Book SynopsisWithin the United States, minority and low-income communities currently bear a disproportionate amount of risk associated with pollution and other harmful environmental practices. The environmental justice movement is working to change this fact, promoting the fair and non-discriminatory treatment of all people with respect to environmental issues, policies, and regulations. This fascinating and timely volume explores the relationship between environmental justice and the government, offering a comprehensive introduction to the legal, economic, and philosophical concerns involved in pursuing environmental justice goals within a federalist system.The authors discuss two case studies in their investigation of the complex interactions between environmental justice and government. These analyses offer a comprehensive view of both the siting and regulation of polluting activities, as well as a discussion of the effects on major natural resources such as clean air and drinking water. In each case, the authors both describe current government responses to the problem and offer specific recommendations regarding what actions should be taken in the future.This authoritative book will make an invaluable addition to courses in environmental law and policy. Professionals and policymakers working in disciplines such as law, economics, environmental science, philosophy and political science will also find this a comprehensive and critical reference.Contents: Preface 1. Federalism and the Pursuit of Environmental Justice 2. Establishing an EJ Claim of Disparate-Impact Discrimination 3. Clean Air, EJ, and Facility Siting in the Phoenix Metropolitan Area 4. Environmental Justice and Enforcement of the Safe Drinking Water Act: The Arizona Arsenic Experience 5. Environmental Federalism and Addressing EJ Concerns 6. Community Involvement and Substantive Environmental Justice 7. Environmental Justice in the U.S.: Looking Ahead References AppendicesTable of ContentsContents: Preface 1. Federalism and the Pursuit of Environmental Justice 2. Establishing an EJ Claim of Disparate-Impact Discrimination 3. Clean Air, EJ, and Facility Siting in the Phoenix Metropolitan Area 4. Environmental Justice and Enforcement of the Safe Drinking Water Act: The Arizona Arsenic Experience 5. Environmental Federalism and Addressing EJ Concerns 6. Community Involvement and Substantive Environmental Justice 7. Environmental Justice in the US: Looking Ahead Appendices References Index

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Book SynopsisThis pioneering book explores the influence of human values on the willingness of individuals to pay for the conservation of individual wildlife species (and classes of these), to be for or against their survival, and to favor or oppose their harvesting.Clement Tisdell combines original theories, survey results and experimental findings to assess the economic benefit of conserving particular wild species and to suggest strategies for a sustainable future. With a detailed analysis of 25 species, covering the three classes (mammals, birds and reptiles), this book examines how variations in knowledge and social factors can influence individuals' evaluation of species. Moreover, economics and ecology are combined to propose sound policies for wildlife management and to provide estimates of the net economic benefit of conserving particular species.The first work to provide such extensive analysis of human values and conservation, this book is an essential resource for economists, ecologists and all those interested in wildlife management, environment and nature conservation.Contents: PART I: BACKGROUND 1. Human values and the conservation of wild species: an overview 2. Basic theory: the economic value of wild species, their conservation and use PART II: VALUES AND SUPPORT FOR THE CONSERVATION OF INDIVIDUAL SPECIES AS WELL AS SUSTAINABLE USE STRATEGIES 3. Changed values and increased support for wildlife conservation as a result of ecotourism: a sea turtle study 4. The economic worth of conserving the Asian elephant 5. Australia's curious tree-kangaroos: important influences (particularly knowledge) on support for their conservation 6. The social net economic benefit of conserving an endangered marsupial glider: economic and ecological considerations 7. Support for conserving the likeable koala versus that for a critically endangered species of wombat 8. The hawksbill turtle its conservation and use: public values, attitudes and policies 9. Saltwater crocodiles: human values, conservation and sustainable use PART III: VALUES AND SUPPORT FOR THE CONSERVATION OF MULTIPLE SPECIES AS WELL AS SUSTAINABLE USE STRATEGIES 10. Public support for conserving reptile species: stated values for different species and comparative support for their conservation 11. Influences of knowledge on wildlife valuation and support for conserving species 12. The relative importance of likeability and endangerment for payments to conserve species 13. The similarity principle and public support for the survival of wildlife species 14. The comparative probability of species of mammals, birds and reptiles being selected for survival when only a limited number of species can be chosen 15. Public support for sustainable wildlife harvesting and biodiversity conservation: a case study 16. Public attitudes to wildlife use by Indigenous Australians: conservation issues, marketing and the economic viability of aboriginal wildlife enterprises IndexTrade Review‘The books clear strengths are the number of different conservation cases considered, combined with the thoughtful presentation of current conservation policy agendas and environmental economic issues. The natural science references, the conservation policy, practice, and sustainable use information are up-to-date in the different cases discussed. Clearly, Tisdell has taken care to talk with people involved in these actions and to ensure that current policies are reflected upon, given the scientific results he presents. As such, the book is well suited for having a policy impact.’ -- Jellesmark Thorsen, Ecology‘This book provides important insights into wildlife conservation issues in Australia, and the extent to which the public is willing to pay for species conservation. In doing so, the book goes beyond the boundaries of the economics discipline, by adopting an interdisciplinary approach to biodiversity conservation that integrates ecological and sociological factors. This book makes an important contribution to advancing knowledge about the in?uence of social, economic and psychological factors on the conservation and sustainable use of biodiversity in Australia.’ -- Australian Journal of Agricultural & Resource EconomicsTable of ContentsContents: PART I: BACKGROUND 1. Human values and the conservation of wild species: an overview 2. Basic theory: the economic value of wild species, their conservation and use PART II: VALUES AND SUPPORT FOR THE CONSERVATION OF INDIVIDUAL SPECIES AS WELL AS SUSTAINABLE USE STRATEGIES 3. Changed values and increased support for wildlife conservation as a result of ecotourism: a sea turtle study 4. The economic worth of conserving the Asian elephant 5. Australia’s curious tree-kangaroos: important influences (particularly knowledge) on support for their conservation 6. The social net economic benefit of conserving an endangered marsupial glider: economic and ecological considerations 7. Support for conserving the likeable koala versus that for a critically endangered species of wombat 8. The hawksbill turtle – its conservation and use: public values, attitudes and policies 9. Saltwater crocodiles: human values, conservation and sustainable use PART III: VALUES AND SUPPORT FOR THE CONSERVATION OF MULTIPLE SPECIES AS WELL AS SUSTAINABLE USE STRATEGIES 10. Public support for conserving reptile species: stated values for different species and comparative support for their conservation 11. Influences of knowledge on wildlife valuation and support for conserving species 12. The relative importance of likeability and endangerment for payments to conserve species 13. The similarity principle and public support for the survival of wildlife species 14. The comparative probability of species of mammals, birds and reptiles being selected for survival when only a limited number of species can be chosen 15. Public support for sustainable wildlife harvesting and biodiversity conservation: a case study 16. Public attitudes to wildlife use by Indigenous Australians: conservation issues, marketing and the economic viability of aboriginal wildlife enterprises Index

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Book SynopsisThis Handbook demonstrates the well-established body of thinking on sustainable development which now exists, and its tighter focus today on limits to current economic growth patterns. But while there have been lots of big global debates on planetary boundaries, and thresholds for critical resources, there has been little progress on the ground and in getting the politics right. Contributing authors show that many of the models we use to understand and manage relations between planet, people and profit are hopelessly mis-specified. But better tools exist, such as sustainability indicators, national environmental accounts, and the ecological footprint to help bridge this gap.'- Camilla Toulmin, International Institute for Environment and Development (IIED), UK'There is now wide recognition that current patterns of economic development are already putting great strains on resources, environment and the climate and that, if continued, the consequences could undermine or reverse past development gains and, possibly, lead to catastrophe. In other words our current paths are unsustainable. This Handbook provides a very thorough, thoughtful and valuable contribution to our understanding of the possible meanings of sustainable development, how it can be understood and calibrated, and characteristics of and choices around alternative paths. This is a subject that should be at the centre of the study of development and encompasses many disciplines. And it should be a subject that commands the attention of all those who think carefully about our future well-being; they will find this Handbook fascinating and essential reading.'- Lord Nicholas Stern, London School of Economics and Political Science, UKThis timely and important Handbook takes stock of progress made in our understanding of what sustainable development actually is and how it can be measured and achieved.This fully updated and revised second edition captures recent developments in the field, including 14 new chapters by internationally renowned authors from a variety of perspectives and disciplines. The authors explain that the gap between public commitments to sustainable development and real-world action towards achieving it is still significant, but not insurmountable, and that opportunities do exist to reduce that margin. Contributors synthesize the established knowledge and clearly present cutting-edge concepts from the frontier of sustainability research with direct relevance to theory and practice. Topics covered include: the fundamentals of sustainability; equity within and between generations; the capital approach; green growth; measurements and indicators of sustainability; climate change and wellbeing.This accessible, comprehensive and multidisciplinary approach to exploring the theory and practice of sustainable development will prove an invaluable reference tool for researchers, students, academics and practitioners with an interest in the field of sustainable development.Contributors: W.N. Adger, S. Afionis, J. Agyeman, M. Agarwala, J.A. Allan, G.B. Asheim, G. Atkinson, R.M. Auty, E.B. Barbier, A. Bowen, C. Carraro, M.A. Cole, G. Cranston, S. Dietz, L. Dupuy, O. Edenhofer, P. Ekins, S. Fankhauser, T.J. Foxon, A. Galli, G. Gosnell, A. Gouldson, R. Green, K. Hamilton, G. Heal, C. Hepburn, J. Hodbod, T. Jackson, S. Kadner, B. Kristr m, G.-M. Lange, P. Lawn, A. Lucchesi, G. Luderer, J.A. McGregor, G. McNicoll, J.C. Morales, Y. Mulugetta, E. Naikal, E. Neumayer, B.G. Norton, D. Pearce, A. Randall, Y. Rydin, G. Schwerhoff, R. Sullivan, A. Thompson, C.A. Tisdell, J.C.J.M. van den Bergh, J. Vogler, C. von Stechow, M. Wackernagel, A. Winkels, G. Yohe, Z. ZhangTrade Review‘This Handbook demonstrates the well-established body of thinking on sustainable development which now exists, and its tighter focus today on limits to current economic growth patterns. But while there have been lots of big global debates on planetary boundaries, and thresholds for critical resources, there has been little progress on the ground and in getting the politics right. Contributing authors show that many of the models we use to understand and manage relations between planet, people and profit are hopelessly mis-specified. But better tools exist, such as sustainability indicators, national environmental accounts, and the ecological footprint to help bridge this gap.’ -- Camilla Toulmin, International Institute for Environment and Development (IIED), UK‘The Handbook of Sustainable Development comprehensively explores our understanding of ‘sustainable development’ in a -- holistic and multidisciplinary approach. . . Overall the Handbook of Sustainable Development is well-written and interesting, and thus it is highly recommended.’– Daniel Gaita´n-Cremaschi, European Review of Agricultural Economics‘There is now wide recognition that current patterns of economic development are already putting great strains on resources, environment and the climate and that, if continued, the consequences could undermine or reverse past development gains and, possibly, lead to catastrophe. In other words our current paths are unsustainable. This Handbook provides a very thorough, thoughtful and valuable contribution to our understanding of the possible meanings of sustainable development, how it can be understood and calibrated, and characteristics of and choices around alternative paths. This is a subject that should be at the centre of the study of development and encompasses many disciplines. And it should be a subject that commands the attention of all those who think carefully about our future well-being; they will find this Handbook fascinating and essential reading.’ -- Lord Nicholas Stern, London School of Economics and Political Science, UK‘The second edition of the Handbook of Sustainable Development illustrates how sustainable development has blossomed into an entirely new problem set for twenty-first century environment dilemmas. It cals into question conceptions of national and international prosperity long employed by elected officials and government analysts, and presents a cascade of methods for integrating the value of non-human nature into policy decisions over unconventional timelines. ... the Handbook could easily serve as handy introduction for academics and practitioners unfamiliar with the economics of sustainable development at the national and international scale.’ -- Claudia E. Henninger and Robert Boyer, Journal of Cleaner ProductioTable of ContentsContents: Preface 1. Introduction Giles Atkinson, Simon Dietz, Eric Neumayer and Matthew Agarwala PART I: FUNDAMENTALS OF SUSTAINABLE DEVELOPMENT 2. Comprehensive Wealth Accounting and Sustainable Development Kirk Hamilton and Esther Naikal 3. Sustainable Development in Ecological Economics Jeroen C.J.M. van den Bergh 4. Strong Sustainability and Critical Natural Capital Paul Ekins 5. Ecosystems as Assets Edward B. Barbier 6. Ecological and Social Resilience W. Neil Adger and Jennifer Hodbod PART II EQUITY ACROSS GENERATIONS 7. Ethics and Sustainable Development: The Virtues of an Adaptive Approach to Environmental Choice Bryan G. Norton and Allen Thompson 8. Equitable Intergenerational Preferences and Sustainability Geir B. Asheim 9. Evaluating Impacts in the Distant Future: Cost–benefit Analyses, Discounting, and the Alternatives Cameron Hepburn and Greer Gosnell 10. Weak Sustainability, Conservation, and Precaution Alan Randall PART III EQUITY WITHIN GENERATIONS 11. Distribution, Sustainability and Environmental Policy Geoffrey Heal and Bengt Kristrӧm 12. Environmental Justice and Sustainability Julian Agyeman 13. Vulnerability, Poverty and Sustaining Well-being W. Neil Adger and Alexandra Winkels 14. Human Wellbeing and Sustainability: Interdependent and Intertwined J. Allister McGregor PART IV: GROWTH, CONSUMPTION AND NATURAL CAPITAL 15. Green Growth Alex Bowen 16. Economic Growth and the Environment Matthew A. Cole and Andrea Lucchesi 17. The Resource Curse and Sustainable Development Richard M. Auty 18. Sustainable Consumption Tim Jackson 19. Population and Sustainability Geoffrey McNicoll 20. Technological Lock-in and the Role of Innovation Timothy J. Foxon PART V: PROGRESS IN MEASURING SUSTAINABLE DEVELOPMENT 21. Environmental Accounting Glenn-Marie Lange 22. Genuine Saving as an Indicator of Sustainability Kirk Hamilton and Esther Naikal 23. Measuring Sustainable Economic Welfare Philip Lawn 24. Ecological Footprint Accounts Mathis Wackernagel, Gemma Cranston, Juan Carlos Morales and Alessandro Galli PART VI: THE INTERNATIONAL SETTING 25. International Trade and Sustainable Development Louis Dupuy and Matthew Agarwala 26. International Environmental Cooperation Carlo Carraro 27. The International Politics of Sustainable Development John Vogler 28. Financing for Sustainable Development Samuel Fankhauser and David Pearce PART VII: DIMENSIONS OF SUSTAINABILITY 29. Climate Change Adaptation: A Risk-management Approach Gary W. Yohe 30. Linking Climate Change Mitigation Research to Sustainable Development Ottmar Edenhofer, Susanne Kadner, Christoph von Stechow, Gregor Schwerhoff and Gunnar Luderer 31. Sustainable Development of Water Resources Matthew Agarwala and Tony Allan 32. Sustainable Agriculture Clement A. Tisdell 33. Sustainable Energy Policy Richard Green, Yacob Mulugetta and ZhongXiang Zhang 34. Sustainable Cities and Local Sustainability Yvonne Rydin 35. Corporate Social Responsibility, Sustainability, and the Governance of Business Andy Gouldson, Rory Sullivan and Stavros Afionis Index

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Book SynopsisA fresh and up-to-date discussion of Russia's manifold environmental crises, using the results of an elite survey and a framework based on the civil society literature. I believe this is the best treatment of its subject that is presently available and, given Russia's enormous territorial extent, it is a study that has important implications for everyone who has any concern for the future of Planet Earth.'- Stephen White, University of Glasgow, UKIn recent years, international, inter-governmental entities have acknowledged the importance of civil society for engaging stakeholders in environmental change, especially at the local community level, and in promoting democracy. In Russia, efforts by NGOs to promote reform since the fall of the Soviet Union have been aimed at achieving both objectives. This fascinating and highly illuminating book explores the political, legal, and attitudinal barriers to environmental reform in Russia since 1991.The authors, renowned experts in the field, explore efforts to develop a mature civil society in Russia, and analyze the policy views of environmental groups, the media, and the scientific community. Three important case studies underpin the study: suspended plans to build an oil pipeline near Lake Baikal; management of Cold War-generated radioactive waste at Chelyabinsk; and public reaction to the introduction of genetically modified foods. The conclusion is that although civil society groups face obstacles in the form of apathy, state-imposed constraints on their activities, and agency reluctance to confer on decisions, there are some successes in reversing decisions due in part to NGO pressures yielding reform.This path-breaking book will be of enormous interest to scholars, researchers and students focusing on comparative environmental policy and politics, contemporary public policy in Russia, and international politics.Contents: 1. Civil Society, Environment, and Russian Politics Post-1991 2. Russia s Environmental Challenges and their Management 3. Environmental Civil Society through Russian Eyes: Stakeholder Views 4. Case Studies and their Insights into Civil Society Growth: Chelyabinsk, Lake Baikal, and Genetically Modified Food 5. Interpreting Civil Society: Challenges, Change, and Environmental Significance 6. Conclusions: The Bas, the Good, and the Uncertain ReferencesTrade Review‘A fresh and up-to-date discussion of Russia’s manifold environmental crises, using the results of an elite survey and a framework based on the civil society literature. I believe this is the best treatment of its subject that is presently available and, given Russia’s enormous territorial extent, it is a study that has important implications for everyone who has any concern for the future of Planet Earth.’ -- Stephen White, University of Glasgow, UKTable of ContentsContents: Preface 1. Civil Society, Environment and Russian Politics Post-1991 2. Russia’s Environmental Challenges and their Management 3. Environmental Civil Society through Russian Eyes: Stakeholder Views 4. Case Studies and their Insights into Civil Society Growth: Lake Baikal, Chelyabinsk and Genetically Modified Food 5. Interpreting Civil Society: Challenges, Change and Environmental Significance 6. Conclusions: The Bad, the Good and the Uncertain Appendix A: Summary of Survey Findings Appendix B: Questionnaire – Decision Making on Environmental and Natural Resource Issues References Index

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Book SynopsisTaking stock of emerging planet data and analysing policies during the global crisis, Earth Economics provides a comprehensive and accessible introduction to basic macroeconomic concepts, methods and principles, and their application to real world data.Written principally for students seeking an introduction to macroeconomics, this book offers a completely new angle to policy, with a focus on the truly global level. Underpinned by empirical orientation of state-of-the-art data, it introduces earth economics as the study of the economy of our planet from the perspective of an autarkic system (a 'closed economy'), focussing on policymaking that improves global rather than national welfare.Key features include:- A discourse on issues fundamental to the understanding of macroeconomics.- An introduction to economists' tools and concepts. Non-economists will learn how to survive in a discussion with economists: where to ask questions, where to listen, where to skip and where to ignore.- Presentation of extensive and wide-ranging data in a consistent and comprehensive framework.- In-depth treatment of key concepts including: aggregates, autarky, closed economies, current accounts, earth economics, data, macroeconomics, microeconomics, development and global public goods.- Provision of a thorough, working understanding of the subject matter via exercises set throughout the book, including: questions on the text, calculations, formulating arguments and preparation, analysis and interpretation of data and figures.See the companion website - www dot eartheconomics dot info for updates and additional information.Contents: Preface 1. Introduction: It is the Only One We Have 2. Planet Accounts Part I: Short-term Fluctuations and Demand Management 3. Earth's Business Cycle 4. Why I = S and What That Means: The Building Blocks of Macroeconomic Analysis 5. Investment, the IS Curve, and Product Market Equilibrium 6. What About Government? 7. Money Matters! The LM Curve and Money Market Equilibrium 8. Eartheconomic Demand and Supply 9. Puzzling Disagreements Part II: Long Run 10. Long-Run Growth 11. Development and Change 12. Limits to Growth? Part III: Earth Governance and Global Public Goods 13. Global Public Goods 14. Global Peers: An Agenda References IndexTable of ContentsContents: Preface 1. Introduction: It is the Only One We Have 2. Planet Accounts Part I: Short-term Fluctuations and Demand Management 3. Earth’s Business Cycle 4. Why I = S and What That Means: The Building Blocks of Macroeconomic Analysis 5. Investment, the IS Curve, and Product Market Equilibrium 6. What About Government? 7. Money Matters! The LM Curve and Money Market Equilibrium 8. Eartheconomic Demand and Supply 9. Puzzling Disagreements Part II: Long Run 10. Long-Run Growth 11. Development and Change 12. Limits to Growth? Part III: Earth Governance and Global Public Goods 13. Global Public Goods 14. Global Peers: An Agenda References Index

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Book SynopsisFor at least two decades, scholars and practitioners have argued that international beneficiaries of ecosystem conservation should help pay for the supply of services from which they benefit. Yet these arguments have remained inchoate and have had little real impact on the ground. Bishop and Hill's excellent edited volume should help change that. The chapters are chock full of insights and guidance for scaling payments for environmental services to the international level. Everyone interested in the formidable problems of generating sufficient, reliable funding for international ecosystem conservation and spending these funds efficiently should read this book.'- Paul J. Ferraro, Georgia State University, USGlobal Biodiversity Finance sets out the case for scaling up Payments for Ecosystem Services (PES) at the international level. The book explores how International Payments for Ecosystem Services (IPES) can help capture the global willingness-to-pay for biodiversity, and how the resulting revenues can be used efficiently to encourage conservation and the sustainable supply of ecosystem services, on which we all depend. This timely volume includes examples of promising initiatives from around the world, supporting an agenda for action to make IPES a reality.Key questions addressed in this volume include:- Which ecosystem services are most likely to attract voluntary international payments?- How can we assess the international demand for particular ecosystem services?- How can potential importers of intangible ecosystem services ensure they receive value for money?- What is needed to become a competitive exporter of ecosystem services?- What kind of brokering and other services are needed to facilitate agreements between importers and exporters of ecosystem services?- What examples exist of international payments for ecosystem services, and what do they tell us about the potential for scaling up IPES?Researchers, teachers, policy makers, civil servants and technical staff of NGOs working at the interface between business and nature should find much useful material in this book.Contributors: A. Baranzini, N. Bertrand, J. Bishop, B. Borges, P. Covell, S. Engel, A.-K. Faust, L.A. Gallagher, C. Hill, D. Huberman, K. Karousakis, T. Koellner, M. Lehmann, A. Lukasiewicz, D. Miller, B. Norman, J. Olander, W. Proctor, F. Sheng, F. Vorhies, S. Waage, T. Wünscher, R.T. Zuehlke, S. ZwickTrade Review‘For at least two decades, scholars and practitioners have argued that international beneficiaries of ecosystem conservation should help pay for the supply of services from which they benefit. Yet these arguments have remained inchoate and have had little real impact on the ground. Bishop and Hill’s excellent edited volume should help change that. The chapters are chock full of insights and guidance for scaling payments for environmental services to the international level. Everyone interested in the formidable problems of generating sufficient, reliable funding for international ecosystem conservation and spending these funds efficiently should read this book.’ -- Paul J. Ferraro, Georgia State University, USThis timely book on “Global Biodiversity Finance” furthers our understanding of how our market-based approaches are needed to both finance and deliver conservation on a global scale. -- Francis Vorhies, ForbesTable of ContentsContents: Foreword 1. Introduction to International Payments for Ecosystem Services Joshua Bishop, Dustin Miller, Nicolas Bertrand, Fulai Sheng and David Huberman 2. Ecosystems, Economics and Payment for Ecosystem Services Joshua Bishop and David Huberman 3. The Two Sides of IPES Transactions: Exploring the Motivations for Demand and Supply Wendy Proctor and Sissel Waage with contributions from Markus Lehmann, Joshua Bishop, Beto Borges, Thomas Koellner and Anna Lukasiewicz 4. Household Demand for International Ecosystem Services: A Swiss Case Study Andrea Baranzini, Anne-Kathrin Faust and David Huberman 5. Cost-effective Targeting for IPES Tobias Wünscher and Stefanie Engel with contributions from Katia Karousakis 6. IPES Supply Side Case Study: The Surui Carbon Project in Brazil Steve Zwick with contributions from Phil Covell, Beto Borges and Jacob Olander 7. Matching International Demand For and Supply of Ecosystem Services Francis Vorhies, Joshua Bishop and Chloe Hill 8. Matching Supply and Demand in IPES: The Case of the GreenPalm Initiative Louise A. Gallagher, Bob Norman and Robert T. Zuehlke 9. Conclusions: Towards International Payments for Ecosystem Services Markus Lehmann Index

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Book SynopsisThis title contains the definitive contributions to the institutional foundations of environmental issues. It covers the foundations of welfare economics, externalities, market failure, and the central nexus of law and economics. Each contribution illustrates the fundamental importance of institutions - the legal scaffolding of an economy - to environmental problems. This understanding of the institutions of an economy then leads into extensive coverage of how to diagnose environmental problems and then to formulate policy solutions to deforestation, degraded fisheries and pastoral regimes, pollution, land-use conflicts, contested property rights, the tragedy of open-access natural resources and general development problems in sub-Saharan Africa. Table of ContentsContents: Acknowledgements Introduction Daniel W. Bromley PART I INSTITUTIONS 1. Richard R. Nelson and Bhaven N. Sampat (2001), ‘Making Sense of Institutions as a Factor Shaping Economic Performance’ PART II LAW AND ECONOMICS 2. Warren J. Samuels (1971), ‘Interrelations between Legal and Economic Processes’ 3. Warren J. Samuels (1974), ‘The Coase Theorem and the Study of Law and Economics’ 4. Daniel W. Bromley (1978), ‘Property Rules, Liability Rules, and Environmental Economics’ 5. Warren J. Samuels (1989), ‘The Legal-Economic Nexus’ 6. Daniel W. Bromley (1989), ‘Entitlements, Missing Markets, and Environmental Uncertainty’ PART III EXTERNALITIES AND MARKET FAILURE 7. J.E. Meade (1952), ‘External Economies and Diseconomies in a Competitive Situation’ 8. Francis M. Bator (1958), ‘The Anatomy of Market Failure’ 9. Vernon L. Smith (1968), ‘Economics of Production from Natural Resources’ 10. Vernon L. Smith (1969), ‘On Models of Commercial Fishing’ 11. William J. Baumol (1972), ‘On Taxation and the Control of Externalities’ 12. Colin W. Clark (1973), ‘Profit Maximization and the Extinction of Animal Species’ 13. Carl J. Dahlman (1979), ‘The Problem of Externality’ 14. Arild Vatn and Daniel W. Bromley (1997), ‘Externalities – A Market Model Failure’ PART IV WELFARE ECONOMICS 15. Abram Bergson (1938), ‘A Reformulation of Certain Aspects of Welfare Economics’ 16. Paul A. Samuelson (1950), ‘Evaluation of Real National Income’ 17. W.M. Gorman (1955), ‘The Intransitivity of Certain Criteria Used in Welfare Economics’ 18. Francis M. Bator (1957), ‘The Simple Analytics of Welfare Maximization’ 19. Robin W. Boadway (1974), ‘The Welfare Foundations of Cost-Benefit Analysis’ 20. Robin Boadway (1976), ‘Integrating Equity and Efficiency in Applied Welfare Economics’ 21. John S. Chipman and James C. Moore (1978), ‘The New Welfare Economics 1939–1974’ 22. E.J. Mishan (1980), ‘How Valid Are Economic Evaluations of Allocative Changes?’ 23. Robert Cooter and Peter Rappoport (1984), ‘Were the Ordinalists Wrong About Welfare Economics?’ 24. John Martin Gillroy (1992), ‘The Ethical Poverty of Cost-Benefit Methods: Autonomy, Efficiency and Public Policy Choice’ PART V INSTITUTIONS AS INSTRUMENTS OF PUBLIC CHOICE 25. Laurence H. Tribe (1972), ‘Policy Science: Analysis or Ideology?’ 26. Alexander James Field (1979), ‘On the Explanation of Rules Using Rational Choice Models’ 27. Daniel W. Bromley (1990), ‘The Ideology of Efficiency: Searching for a Theory of Policy Analysis’ 28. Amartya Sen (1993), ‘Markets and Freedoms: Achievements and Limitations of the Market Mechanism in Promoting Individual Freedoms’ 29. Arild Vatn and Daniel W. Bromley (1994), ‘Choices without Prices without Apologies’ 30. Michael E. Porter and Claas van der Linde (1995), ‘Toward a New Conception of the Environment-Competitiveness Relationship’ 31. Olof Johansson-Stenman (1998), ‘On the Problematic Link between Fundamental Ethics and Economic Policy Recommendations’ PART VI PROPERTY RIGHTS AND PROPERTY REGIMES 32. Joseph L. Sax (1983), ‘Some Thoughts on the Decline of Private Property’ 33. Barry C. Field (1989), ‘The Evolution of Property Rights’ 34. Bruce A. Larson and Daniel W. Bromley (1990), ‘Property Rights, Externalities, and Resource Degradation: Locating the Tragedy’ 35. Daniel W. Bromley (1992), ‘The Commons, Common Property, and Environmental Policy’ 36. Rogier van den Brink, Daniel W. Bromley and Jean-Paul Chavas (1995), ‘The Economics of Cain and Abel: Agro-Pastoral Property Rights in the Sahel’ 37. Daniel W. Bromley (1997), ‘Constitutional Political Economy: Property Claims in a Dynamic World’ 38. Espen Sjaastad and Daniel W. Bromley (2000), ‘The Prejudices of Property Rights: On Individualism, Specificity, and Security in Property Regimes’ PART VII INSTITUTIONS IN ENVIRONMENT AND DEVELOPMENT 39. Carlisle Ford Runge (1981), ‘Common Property Externalities: Isolation, Assurance, and Resource Depletion in a Traditional Grazing Context’ 40. Daniel W. Bromley (1989), ‘Property Relations and Economic Development: The Other Land Reform’ 41. Shem Migot-Adholla, Peter Hazell, Benoît Blarel and Frank Place (1991), ‘Indigenous Land Rights Systems in Sub-Saharan Africa: A Constraint on Productivity?’ 42. Jean-Philippe Platteau (1996), ‘The Evolutionary Theory of Land Rights as Applied to Sub-Saharan Africa: A Critical Assessment’ 43. Espen Sjaastad and Daniel W. Bromley (1997), ‘Indigenous Land Rights in Sub-Saharan Africa: Appropriation, Security and Investment Demand’ 44. Anne-Sophie Brasselle, Frédéric Gaspart and Jean-Philippe Platteau (2002), ‘Land Tenure Security and Investment Incentives: Puzzling Evidence from Burkina Faso’ 45. Daniel W. Bromley (2008), ‘Formalising Property Relations in the Developing World: The Wrong Prescription for the Wrong Malady’ 46. Daniel W. Bromley (2008), ‘Resource Degradation in the African Commons: Accounting for Institutional Decay’

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Book SynopsisIn 2012, Australia took the major step of introducing a carbon price, involving the creation of a system of emissions permits initially issued at a fixed price. Carbon Pricing brings together experts instrumental in the development, and operation, of Australia's carbon policy who have played a significant role in the broader debate over climate change policy. Together they have achieved an in-depth analysis of Australia s policy stance on pricing carbon and its implications for the wider economy.While the future of carbon pricing is itself unclear in Australia, the experiences, insights and conclusions outlined herein will prove invaluable to a global audience. The assessment of the initial operation of the carbon price provides a wide range of insights into the problems of mitigating climate change, and the prospects for the future. The critical analysis will provide a valuable resource to inform wider international debates concerning alternative mechanisms for internalizing the carbon externality, tax reform, climate skepticism and carbon farming initiatives.With its interdisciplinary approach, Carbon Pricing, will appeal to scholars and researchers of economics in general and climate change, natural resources and energy policy in particular. Those organizations and policymakers involved in similar experiments and processes in other countries will find the experiences and analysis invaluable.Contributors include: D. Adamson, M. Battaglia, W.P. Bell, D. Besley, J. Cook, C. Downie, J. Foster, J. Freebairn, R. Garnaut, S. Grant, M. Harris, S. Kennedy, M. Keogh, T. Mallawaarachchi, R. Nelson, D. Quiggin, J. Quiggin, P. Wild, S. WriterTable of ContentsContents: Foreword Introduction PART I UNDERSTANDING THE ECONOMICS OF CLIMATE CHANGE POLICY IMPLEMENTATION AND PUBLIC PERCEPTIONS 1. The Carbon Tax: Early Experience and Future Prospects Ross Garnaut 2. Carbon Pricing in Australia: An Early View from the Inside Daniel Besley, Christian Downie, Steven Kennedy and Simon Writer 3. How Has the Carbon Tax Affected the Public ‘Debate’ on Climate Change? John Cook PART II TAXING EXTERNALITIES 4. The Carbon Tax and Tax Reform Debate John Freebairn 5. How I Learned to Stop Worrying and Love the RET John Quiggin PART III THREATS, OPPORTUNITIES AND INDUSTRY ADAPTATION AND ADJUSTMENT 6. The Impact of Carbon Prices on Australia’s National Energy Market Phillip Wild, William Paul Bell and John Foster 7. Modeling the Impact of the Australian Greenhouse Emissions Trading Scheme on Farm and Fishery Businesses Mick Keogh 8. Science, Transaction Costs and Carbon Markets Michael Battaglia and Rohan Nelson 9. Agricultural Adaptation: Observations and Insights Thilak Mallawaarachchi and Michael Harris PART IV DEALING WITH THE UNCERTAIN FUTURE 10. Climate Change and the Precautionary Principle Simon Grant and John Quiggin Conclusion Index

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Book SynopsisLittle is known about the volume of international recycling in Asia, the problems caused and the struggle to properly manage the trade. This pathbreaking book addresses this gap in the literature, and provides a comprehensive overview of the international trade flow of recyclable waste in Asia and related issues.The expert contributors discuss the various types of recyclable waste that Asian countries import, and illustrate that there are consequently higher numbers of cheaper informal recyclers with lower pollution control costs than formal recyclers with more expensive but environmentally sound technologies. They explore how governments across China, Vietnam, South Korea and Japan are therefore struggling to minimize the negative impact from informal recycling via trade regulation of recyclable and hazardous waste and comprehensive cooperation mechanisms to promote efficient use of resources. Preventive measures against illegal and/or improper transboundary movement of hazardous waste in Asia are also analyzed.This unique and fascinating book aims to facilitate a common understanding of the issues caused by international recycling in Asia to encourage effective international and regional cooperation in order to establish a sound recycling system. As such, it will prove an invaluable resource to academics, researchers and students with an interest in Asian studies, economics, environmental studies, international economics and industrial economics.Contributors: V. Atienza, S. Chung, M. Kojima, E. Michida, S. Sakata, S. Sasaki, T. Terao, J. Tsuruta, A. YoshidaTable of ContentsContents: Preface Michikazu Kojima 1. Issues Relating to the International Trade of Second-hand Goods, Recyclable Waste, and Hazardous Waste Michikazu Kojima 2. International Trade of Recyclables and Policies to Support their Sustainable Use in Asia Etsuyo Michida 3. Recyclable Waste Trade of Mainland China Aya Yoshida 4. Import of Recyclables and Environmental Pollution in Vietnam: A New Dilemma of Development Shozo Sakata 5. South Korea’s Approach to Transboundary Waste Management: Experiences and Lessons Learned Sungwoo Chung 6. Challenges in the Waste Management System in the Era of Globalization: The Case of the Philippines Vella Atienza 7. Japanese Implementation of the Basel Convention and its Problems Jun Tsuruta 8. Impact of the Raw Material Import Duty Reduction System on International Waste Trading So Sasaki 9. Lessons Learned from Illegal Transboundary Movement of Hazardous Waste in Asia Michikazu Kojima, Aya Yoshida, So Sasaki and Sungwoo Chung 10. From Shipbreaking to Ship Recycling: Relocation of Recycling Sites and the Expansion of International Involvement Tadayoshi Terao 11. Toward Efficient Resource Utilization in the Asian Region Michikazu Kojima Index

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Book Synopsis>This research review discusses and analyses a unique collection of key publications at the intersection of biology and economics, two disciplines that share a common subject: Homo sapiens. Beginning with Thomas Malthus - whose dire predictions of mass starvation due to population growth influenced Charles Darwin - economists have routinely used biological arguments in their models and methods. The review summarizes the most important of these developments in areas such as sociobiology, evolutionary psychology, behavioral ecology, behavioral economics and finance, neuroeconomics, and behavioral genomics. This research review will be an indispensable tool for economists, biologists, and practitioners looking to develop a deeper understanding of the limits of Homo economicus.Trade Review‘Biology and economics have a good deal to say to each other but, oddly, neither party seems fully to appreciate the fact. Lo and Zhang provide an important service by collecting key papers that apply ideas from biology to economics. Topics range from the deep history of the fields to more recent evolutionary models of market dynamics. There is good reason to hope that these volumes will encourage much more interaction between biologists and economists.’ -- H. Allen Orr, University of Rochester, USTable of ContentsContents: Volume I Acknowledgements Introduction Andrew W. Lo and Ruixun Zhang PART I FOUNDATIONS 1. Rev. T. R. Malthus (1830), ‘On Population’, in A Summary View of the Principle of Population, London, UK: John Murray, i, 1–77 2. Joseph A. Schumpeter (1947), ‘The Creative Response in Economic History’, Journal of Economic History, VII (2), November, 149–59 3. Armen A. Alchian (1950), ‘Uncertainty, Evolution, and Economic Theory’, Journal of Political Economy, 58 (3), June, 211–21 4. J. Hirshleifer (1977), ‘Economics from a Biological Viewpoint’, Journal of Law and Economics, 20 (1), April, 1–52 5. Richard R. Nelson (1995), ‘Recent Evolutionary Theorizing About Economic Change ’, Journal of Economic Literature, XXXIII (1), March, 48–90 PART II SOCIOBIOLOGY 6. W. D. Hamilton (1964), ‘The Genetical Evolution of Social Behaviour I and II’, Journal of Theoretical Biology, 7 (1), July, 1–16, 17–52 7. Robert L. Trivers (1971), ‘The Evolution of Reciprocal Altruism’, Quarterly Review of Biology, 46 (1), March, 35–57 [23] 8. Richard D. Alexander (1974), ‘The Evolution of Social Behavior’, Annual Review of Ecology and Systematics, 5, November, 325–83 9. David Sloan Wilson and Elliott Sober (1994), ‘Reintroducing Group Selection to the Human Behavioral Sciences’, Behavioral and Brain Sciences, 17 (4), December, 585–608, references 10. Herbert Gintis, Samuel Bowles, Robert Boyd and Ernst Fehr (2003), ‘Explaining Altruistic Behavior in Humans’, Evolution and Human Behavior, 24 (3), May, 153–72 11. Joseph Henrich (2004), ‘Cultural Group Selection, Coevolutionary Processes and Large-Scale Cooperation’, Journal of Economic Behavior and Organization: Evolution and Altruism, 53 (1), January, 3–35 12. Martin A. Nowak (2006), ‘Five Rules for the Evolution of Cooperation’, Science, 314 (5805), December, 1560–63 13. David Sloan Wilson and Edward O. Wilson (2007), ‘Rethinking the Theoretical Foundation of Sociobiology’, Quarterly Review of Biology, 82 (4), December, 327–48 PART III EVOLUTIONARY PSYCHOLOGY AND BEHAVIORAL ECOLOGY 14. Erika R. Behrend, and M. E. Bitterman (1961), ‘Probability-Matching in the Fish’, American Journal of Psychology, 74 (4), December, 542–51 15. R. J. Herrnstein (1961), ‘Relative and Absolute Strength of Response as a Function of Frequency of Reinforcement’, Journal of the Experimental Analysis of Behavior, 4 (3), July, 267–72 16. Colin W. Clark (1973), ‘The Economics of Overexploitation’, Science, 181 (4100), August, 630–34 17. Colin W. Clark and Marc Mangel (1986), ‘The Evolutionary Advantages of Group Foraging’, Theoretical Population Biology, 30 (1), August, 45–75 18. Lawrence D. Harder and Leslie A. Real (1987), ‘Why Are Bumble Bees Risk Averse?’, Ecology, 68 (4), August, 1104–8 19. Leda Cosmides and John Tooby (1994), ‘Better than Rational: Evolutionary Psychology and the Invisible Hand’, American Economic Review: Papers and Proceedings, 84 (2), May, 327–32 20. Herbert Gintis (2007), ‘Review of Adapting Minds: Evolutionary Psychology and the Persistent Quest for Human Nature’, Journal of Bioeconomics, 9 (2), August, 191–9 21. Avraham Be'er, H. P. Zhang, E. -L. Florin, Shelley M. Payne, Eshel Ben-Jacob and Harry L. Swinney (2009), ‘Deadly Competition between Sibling Bacterial Colonies’, Proceedings of the National Academy of Sciences, 106 (2), January, 428–33 22. Kenneth J. Arrow and Simon A. Levin (2009), ‘Intergenerational Resource Transfers with Random Offspring Numbers’, Proceedings of the National Academy of Sciences, 106 (33), August, 13702–6 23. Thomas J. Brennan and Andrew W. Lo (2011), ‘The Origin of Behavior’, Quarterly Journal of Finance, 1 (1), March, 55–108 PART IV THE BIOLOGICAL FOUNDATIONS OF UTILITY 24. Ingemar Hansson and Charles Stuart (1990), ‘Malthusian Selection of Preferences’, American Economic Review, 80 (3), June, 529–44 25. Alan R. Rogers (1994), ‘Evolution of Time Preference by Natural Selection’, American Economic Review, 84 (3), June, 460–81 26. Arthur J. Robson (1996), ‘A Biological Basis for Expected and Non-expected Utility’, Journal of Economic Theory, 68 (2), February, 397–424 27. Arthur J. Robson (2001), ‘The Biological Basis of Economic Behavior’, Journal of Economic Literature, XXXIX (1), March, 11–33 28. Rose McDermott, James H. Fowler and Oleg Smirnov (2008), ‘On the Evolutionary Origin of Prospect Theory Preferences’, Journal of Politics, 70 (2), April, 335–50 29. Arthur J. Robson and Larry Samuelson (2009), ‘The Evolution of Time Preference with Aggregate Uncertainty’, American Economic Review, 99 (5), December, 1925–53 30. Ruixun Zhang, Thomas J. Brennan and Andrew W. Lo (2014), ‘The Origin of Risk Aversion’, Proceedings of the National Academy of Sciences, 111 (50), December, 17777–82 PART V RATIONALITY AND INTELLIGENCE 31. Herbert A. Simon (1955), ‘A Behavioral Model of Rational Choice’, Quarterly Journal of Economics, 69 (1), February, 99–118 32. J. Maynard Smith (1984), ‘Game Theory and the Evolution of Behaviour’, Behavioral and Brain Sciences, 7 (1), March, 95–101, references 33. Alan Kirman (1993), ‘Ants, Rationality, and Recruitment’, Quarterly Journal of Economics, 108 (1), February, 137–56 34. Michael Waldman (1994), ‘Systematic Errors and the Theory of Natural Selection’, American Economic Review, 84 (3), June, 482–97 35. Theodore C. Bergstrom (2002), ‘Evolution of Social Behavior: Individual and Group Selection’, Journal of Economic Perspectives, 16 (2), Spring, 67–88 36. Larry Samuelson (2002), ‘Evolution and Game Theory’, Journal of Economic Perspectives, 16 (2), Spring, 47–66 37. Thomas J. Brennan and Andrew W. Lo (2012), ‘An Evolutionary Model of Bounded Rationality and Intelligence’, PLOS ONE, 7 (11), November, 1–8 38. Andrew W. Lo (2013), ‘The Origin of Bounded Rationality and Intelligence’, Proceedings of the American Philosophical Society, 157 (3), September, 269–80 39. Terence C. Burnham (2013), ‘Toward a Neo-Darwinian Synthesis of Neoclassical and Behavioral Economics’, Journal of Economic Behavior and Organization, 90 (Supplement), June, S113–S127 Index Contents Volume II Acknowledgements Introduction An introduction to both volumes by the editors appears in Volume I PART I FINANCIAL MARKETS 1. Lawrence Blume and David Easley (1992), ‘Evolution and Market Behavior’, Journal of Economic Theory, 58 (1), October, 9–40 2. J. Doyne Farmer and Andrew W. Lo (1999), ‘Frontiers of Finance: Evolution and Efficient Markets’, Proceedings of the National Academy of Sciences, 96 (18), August, 9991–2 3. J. Doyne Farmer (2002), ‘Market Force, Ecology and Evolution’, Industrial and Corporate Change, 11 (5), November, 895–953 4. Mark J. Kamstra, Lisa A. Kramer and Maurice D. Levi (2003), ‘Winter Blues: A SAD Stock Market Cycle’, American Economic Review, 93 (1), March, 324–43 5. David Hirshleifer and Tyler Shumway (2003), ‘Good Day Sunshine: Stock Returns and the Weather’, Journal of Finance, LVIII (3), June, 1009–32 6. Andrew W. Lo (2004), ‘The Adaptive Markets Hypothesis: Market Efficiency from an Evolutionary Perspective’, Journal of Portfolio Management: 30th Anniversary Issue, 30 (5), 15–29 7. Leonid Kogan, Stephen A. Ross, Jiang Wang and Mark M. Westerfield (2006), ‘The Price Impact and Survival of Irrational Traders’, Journal of Finance, LXI (1), February, 195–229 8. William A. Brock, Cars H. Hommes and Florian O. Wagener (2005), ‘Evolutionary Dynamics in Markets with Many Trader Types’, Journal of Mathematical Economics: Special Issue on Evolutionary Finance, 41 (1–2), February, 7–42 9. Andrew W. Lo, Dmitry V. Repin and Brett N. Steenbarger (2005), ‘Fear and Greed in Financial Markets: A Clinical Study of Day-Traders’, American Economic Review: Papers and Proceedings, 95 (2), May, 352–9 10. George Sugihara, Robert May, Hao Ye, Chih-hao Hsieh, Ethan Deyle, Michael Fogarty and Stephan Munch (2012), ‘Detecting Causality in Complex Ecosystems’, Science, 338 (6106), October, 496–500 11. Andrew W. Lo (2012), ‘Adaptive Markets and the New World Order’, Financial Analysts Journal, 68 (2), March–April, 18–29, Errata PART II EVOLUTION OF FIRMS AND INSTITUTIONS 12. Sidney G. Winter, Jr. (1964), ‘Economic “Natural Selection” and the Theory of the Firm’, Yale Economic Essays, 4 (1), Spring, 225–72 13. Carsten Herrmann-Pillath (1991), ‘A Darwinian Framework for the Economic Analysis of Institutional Change in History’, Journal of Social and Biological Structures, 14 (2), 127–48 14. Guo Ying Luo (1995), ‘Evolution and Market Competition’, Journal of Economic Theory, 67 (1), October, 223–50 15. Jeroen C. J. M. van den Bergh and John M. Gowdy (2009), ‘A Group Selection Perspective on Economic Behavior, Institutions and Organizations’, Journal of Economic Behavior and Organization, 72 (1), October, 1–20 PART III NEUROSCIENCE 16. Hans C. Breiter, Itzhak Aharon, Daniel Kahneman, Anders Dale and Peter Shizgal (2001), ‘Functional Imaging of Neural Responses to Expectancy and Experience of Monetary Gains and Losses’, Neuron, 30 (2), May, 619–39 17. Andrew W. Lo and Dmitry V. Repin (2002), ‘The Psychophysiology of Real-Time Financial Risk Processing’, Journal of Cognitive Neuroscience, 14 (3), April, 323–39 18. Camelia M. Kuhnen and Brian Knutson (2005), ‘The Neural Basis of Financial Risk Taking’, Neuron, 47 (5), September, 763–70 19. Benedetto De Martino, Dharshan Kumaran, Ben Seymour and Raymond J. Dolan (2006), ‘Frames, Biases, and Rational Decision-Making in the Human Brain’, Science, 313, (5787), August, 684–7 20. Ernst Fehr and Colin F. Camerer (2007), ‘Social Neuroeconomics: The Neural Circuitry of Social Preferences’, TRENDS in Cognitive Sciences, 11 (10), October, 419–27 21. Sabrina M. Tom, Craig R. Fox, Christopher Trepel and Russell A. Poldrack (2007), ‘The Neural Basis of Loss Aversion in Decision-Making Under Risk’, Science, 315 (5811), January, 515–18 22. Peter Bossaerts (2009), ‘What Decision Neuroscience Teaches Us About Financial Decision Making’, Annual Review of Financial Economics, 1, 383–88, C1–C3, 389–404 23. Ernst Fehr and Antonio Rangel (2011), ‘Neuroeconomic Foundations of Economic Choice – Recent Advances’, Journal of Economic Perspectives, 25 (4), Fall, 3–30 24. Andrew W. Lo (2013), ‘Fear, Greed, and Financial Crises: A Cognitive Neurosciences Perspective’, in Jean-Pierre Fouque and Joseph A. Langsam (eds), Handbook on Systemic Risk, Part VIII, Chapter 23, New York, NY, USA: Cambridge University Press, 622–62 PART IV HORMONES 25. Paul J. Zak, Robert Kurzban and William T. Matzner (2005), ‘Oxytocin is Associated with Human Trustworthiness’, Hormones and Behavior, 48 (5), December, 522–7 26. Terence C. Burnham (2007), ‘High-Testosterone Men Reject Low Ultimatum Game Offers’, Proceedings of the Royal Society B: Biological Sciences, 274 (1623), September, 2327–30 27. Coren L. Apicella, Anna Dreber, Benjamin Campbell, Peter B. Gray, Moshe Hoffman and Anthony C. Little (2008), ‘Testosterone and Financial Risk Preferences’, Evolution and Human Behavior, 29 (6), November, 384–90 28. J. M. Coates and J. Herbert (2008), ‘Endogenous Steroids and Financial Risk Taking on a London Trading Floor’, Proceedings of the National Academy of Sciences, 105 (16), April, 6167–72 29. Benjamin C. Campbell, Anna Dreber, Coren L. Apicella, Dan T. A. Eisenberg, Peter B. Gray, Anthony C. Little, Justin R. Garcia, Richard S. Zamore and J. Koji Lum (2010), ‘Testosterone Exposure, Dopaminergic Reward, and Sensation-Seeking in Young Men’, Physiology and Behavior, 99 (4), March, 451–6 30. Anna Dreber, David G. Rand, Nils Wernerfelt, Justin R. Garcia, Miguel G. Vilar, J. Koji Lum and Richard Zeckhauser (2011), ‘Dopamine and Risk Choices in Different Domains: Findings among Serious Tournament Bridge Players’, Journal of Risk and Uncertainty, 43 (1), August, 19–38 PART V GENOMICS 31. Anna Dreber, Coren L. Apicella, Dan T. A. Eisenberg, Justin R. Garcia, Richard S. Zamore, J. Koji Lum and Benjamin C. Campbell (2009), ‘The 7R Polymorphism in the Dopamine Receptor D4 Gene (DRD4) is Associated with Financial Risk-Taking in Men’, Evolution and Human Behavior, 30 (2), March, 85–92 32. Amir Barnea, Henrik Cronqvist and Stephan Siegel (2010), ‘Nature or Nurture: What Determines Investor Behavior?’, Journal of Financial Economics, 98 (3), December, 583–604 33. David Cesarini, Magnus Johannesson, Paul Lichtenstein, Örjan Sandewall and Björn Wallace (2010), ‘Genetic Variation in Financial Decision-Making’, Journal of Finance, LXV (5), October, 1725–54 34. David Cesarini, Magnus Johannesson, Patrik K. E. Magnusson and Björn Wallace (2012), ‘The Behavioral Genetics of Behavioral Anomalies’, Management Science, 58 (1), January, 21–34 35. Daniel J. Benjamin, David Cesarini, Christopher F. Chabris, Edward L. Glaeser, David I. Laibson, Vilmundur Guđnason, Tamara B. Harris, Lenore J. Launer, Shaun Purcell, Albert Vernon Smith, Magnus Johannesson, Patrik K. E. Magnusson, Jonathan P. Beauchamp, Nicholas A. Christakis, Craig S. Atwood, Benjamin Hebert, Jeremy Freese, Robert M. Hauser, Taissa S. Hauser, Alexander Grankvist, Christina M. Hultman and Paul Lichtenstein (2012), ‘The Promises and Pitfalls of Genoeconomics’, Annual Review of Economics, 4, 627–62, C1 36. Henrik Cronqvist and Stephan Siegel (2014), ‘The Genetics of Investment Biases’, Journal of Financial Economics, 113 (2), August, 215–34 Index

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Book SynopsisHere finally is a book that educates us deeply about the economic costs and gains of cleaning up the environment and of finally coming to terms with the costs of human induced climate at the micro- and macro-economic level. Replete with case studies from China, Australia and the USA, demonstrating deep erudition and extensive use of empirical data, it remains accessible to the general reader, as well as the economist. It should be mandated as required reading for all public policy analysts and politicians.'- Greg Bailey, La Trobe University, AustraliaThe Costs and Benefits of Environmental Regulation presents a thorough investigation into environmental regulation, its economic and financial effects and the associated costs and benefits. A variety of issues, pertaining to regulation in general and environmental regulation in particular, are examined. These issues include the theories of regulation and how it is viewed in terms of the free market doctrine, forms of regulation, command-and-control regulation as opposed to market-based regulation and the cost-benefit analysis of environmental regulation.The authors present an extensive survey of the empirical evidence on the determinants of environmental performance as well as the effects of environmental regulation on the costs of production, plant location, firm-level productivity, stock prices and returns, profitability, market value, financial risk, employment, competitiveness, international trade, aggregate output and aggregate productivity. The authors conclude that it is essential to allocate appropriate funds to combat the environmental damage we are inflicting on the planet.Presenting a comprehensive survey of the costs, benefits and effects of environmental regulation and written mostly in simple language that is accessible to the non-specialist, the book will prove an essential resource for academics, research students and policy makers in the fields of environmental regulation and economics.Contents: Preface 1. Regulation: Definition and Classification 2. Regulation and the Free Market Doctrine 3. Theories of Regulation 4. Environmental Regulation: Some Basic Issues 5. Cost-Benefit Analysis: Identification of Costs and Benefits 6. The Cost-Benefit Analysis Debate 7. The Microeconomic Effects of Environmental Regulation 8. The Financial Effects of Environmental Regulation 9. The Macroeconomic Effects of Environmental Regulation: Employment, Trade and Competitiveness 10. The Macroeconomic Effects of Environmental Regulation: Aggregate Output and Productivity 11. Environmental Regulation in Australia: The Failure of 'Wax and Wane' Policies 12. Environmental Regulation in China: A Life-Saving Mechanism in a Pollution Haven 13. Summary and Concluding Remarks Appendix to Chapter 13 References IndexTrade Review‘Here finally is a book that educates us deeply about the economic costs and gains of cleaning up the environment and of finally coming to terms with the costs of human induced climate at the micro- and macro-economic level. Replete with case studies from China, Australia and the USA, demonstrating deep erudition and extensive use of empirical data, it remains accessible to the general reader, as well as the economist. It should be mandated as required reading for all public policy analysts and politicians.’ -- Greg Bailey, La Trobe University, AustraliaTable of ContentsContents: Preface 1. Regulation: Definition and Classification 2. Regulation and the Free Market Doctrine 3. Theories of Regulation 4. Environmental Regulation: Some Basic Issues 5. Cost-Benefit Analysis: Identification of Costs and Benefits 6. The Cost-Benefit Analysis Debate 7. The Microeconomic Effects of Environmental Regulation 8. The Financial Effects of Environmental Regulation 9. The Macroeconomic Effects of Environmental Regulation: Employment, Trade and Competitiveness 10. The Macroeconomic Effects of Environmental Regulation: Aggregate Output and Productivity 11. Environmental Regulation in Australia: The Failure of ‘Wax and Wane’ Policies 12. Environmental Regulation in China: A Life-Saving Mechanism in a Pollution Haven 13. Summary and Concluding Remarks Appendix to Chapter 13 References Index

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Book SynopsisIn this innovative book, Clement Tisdell adopts a holistic approach, combining economic, social, biophysical and historical considerations to analyse the economic origins of major contemporary environmental problems, especially those associated with climate change. The ability of humankind to respond effectively to these problems is assessed in a unique and lucid fashion. The depth and nature of social embedding is identified as the major (but not the only) barrier to dealing with human-induced environmental change. In a thought-provoking manner, the book provides discussions of: the relationships between the nature of economic development, social and environmental change; the limited policy guidance provided by debates about the desirability of sustainable development; the shortcomings of economic criteria for valuing environmental and social change; and social embedding as the prime impediment to humanity responding adequately to many of its current environmental problems. Given its interdisciplinary nature, this book will appeal to economists, sociologists, geographers, social historians and political scientists alike. Natural scientists who are interested in socio-economic aspects of environmental change will also find this a captivating read.Trade Review‘The work is well illustrated and very informative. It would be an appropriate text for upper division and graduate courses considering economics, public policy, and the environment. It would be a welcome addition to the library of scholars working in this field and -- would be an appropriate acquisition for most college and university libraries.’– Michael L. Hirsch, International Social Science Review'Why is it so difficult to protect the environment? This book reflects on the historical, physical and social complexity of the task from the point of view of an economist while remaining accessible to a non-specialist. The depth and breadth of the author's knowledge has enriched every chapter of this book. The novel views especially on the historical origins of environmental issues and social embeddedness and consumer sovereignty treat the reader to refreshing perspectives beyond those of normal economics.' --Tooraj Jamasb, Durham University, UKTable of ContentsContents Preface 1. Economics and environmental change: an overview 2. Growing economic activity and environmental change: historical and general perspectives. 3. Sustainable (economic) development. What is it? Is it desirable? Can it be achieved and if so, how? 4. Values, economic valuation, and the assessment of environmental and economic change. 5. Social embedding: its nature and role in determining our economic and environmental future. 6. Consumers’ sovereignty – significant failures: why consumers’ demands for environmental, human and animal protection are often unmet. 7. Biological conservation and human-induced environmental change: contemporary socio-economic challenges 8. Climate change: general aspects, and alterations in energy sources and use as responses 9. Agriculture and environmental change, especially climate change: economic challenges. 10. Marine ecosystems and global climate change: economic consequences, resilience and adjustment Index

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Book SynopsisThis comprehensive Handbook explores the role that economics plays in water resource use, management, and policy. The contributors cover a continuum of topics that individually and jointly represent the state of the art of water economics.Leading scholars demonstrate ways in which economic theory, tools, and analyses have been used to address a variety of water-related issues over the years and, subsequently, to create better-informed policy and management decisions. Acknowledging and building upon the seminal research related to water economics, this book offers a current and provocative exploration of a variety of topics, including: the role of institutions in developing sound water policy and water sustainability extraction, production, and use of surface water, groundwater, and recycled water, including the conjunctive use of these resources the use of water in industrial, residential, agricultural, and hydropower sectors as well as for the environment and ecosystems the role of experimental economics; methods to address climate change effects and adaptation; developments in the field of nonmarket valuation; approaches to nonpoint source pollution control and salinity pollution; issues related to water in the developing world; water and economic growth; and management of international water. The Handbook of Water Economics will prove to be an enlightening, thought-provoking, and practical read for PhD students, researchers in water economics and management, water-related agency staff, and professionals interested in water-related economic issues at the local, state, national, and international levels.Contributors: E. Ansink, K.A. Baerenklau, E.B. Barbier, R. Bark, H. Bejarano, K. Burnett, R.T. Carson, J. Connor, O.G. Dávila, A. Dinar, D.P. Dupont, B. Franklin, R.Q. Grafton, K. Hansen, F. Hernández-Sancho, H. Houba, B.H. Hurd, W.K. Jaeger, P.-O. Johansson, S. Kaplan, V. Kerry Smith, K.C. Knapp, P. Koundouri, B. Kriström, A. Loch, M. Molinos-Senante, S.K. Pattanayak, S. Pongkijvorasin, S. Renzetti, J. Roumasset, K. Schwabe, J. Shortle, V.K.Smith, D. Squires, Y. Tsur, C.A. Wada, J. Wang, F.A. Ward, S.A. Wheeler, D. Whittington, M.-Q. (Kent) Zhao, D. ZilbermanTrade Review'The evidence is clear that water conflicts and water management continue to present profound obstacles to peace and sustainable livelihoods. Ariel Dinar and Kurt Schwabe have produced a compelling collection of readings that offer important insights into this persistent problem. Chapters cover conceptual issues, competing uses, valuation, sectoral allocation, water markets, energy production, residential and industrial uses, ecosystems, water quality, and international (transboundary) concerns. This impressive volume will become an essential reference for years to come.' --(Daniel W. Bromley, University of Wisconsin-Madison)'Handbook of Water Economics by Dinar and Schwabe focuses on current issues in water economics. The Handbook, hence, presents, methods that water economists often apply and the role that water economics plays in water resources management, use and policy.' --(European Review of Agricultural Economics)'The Handbook of Water Economics provides a comprehensive treatment of the economics of water. Compiling contributions from over 40 water economists, the book encompasses a breadth of topics ranging from theoretical frameworks to methods, and from traditional problems to emerging challenges. Accessible to graduate students, researchers, and professionals, the book offers a broad overview of water-related issues, and covers essential material for developing a solid understanding of the role economics plays in driving water use, informing policy and designing long-term solutions.' --( Cloe Garnache, Water Economics and Policy)Table of ContentsContents: 1. Introduction Ariel Dinar and Kurt Schwabe PART I CONCEPTS AND THEORETICAL FOUNDATIONS 2. Institutions and Water William K. Jaeger 3. Sustainability Economics of Groundwater Usage and Management Keith C. Knapp and Bradley Franklin 4. Concepts and Methods for Assessing Economic Impacts from Climate Change on Water Resources Brian H. Hurd PART II SECTORAL FOCUS 5. Agricultural Water Management Sarah Ann Wheeler, Rosalind Bark, Adam Loch and Jeff Connor 6. Economic Analysis of Industrial Water Use Steven Renzetti 7. Residential Water Management: An Economic Perspective on Policy Instruments V. Kerry Smith and Min-Qiang (Kent) Zhao 8. The Use of Ecosystem Services Approach in Guiding Water Valuation and Management: Inland and Coastal Waters Phoebe Koundouri and Osiel González Dávila 9. Incentivizing Interdependent Resource Management: Watersheds, Groundwater and Coastal Ecology Kimberly Burnett, Sittidaj Pongkijvorasin, James Roumasset and Christopher A. Wada 10. Hydropower Management: Electricity Versus other Values Per-Olov Johansson and Bengt Kriström 11. Water, Land Use and Environmental Aspects of Biofuel Production David Zilberman and Scott Kaplan 12. The Economic Sustainability Paradigm and Fresh Water and Marine Fisheries Governance R. Quentin Grafton and Dale Squires PART III WATER SOURCES 13. Economics of Surface Water Management: A Review Frank A. Ward 14. Wastewater Management and Reuse Francesc Hernandez-Sancho and Maria Molinos-Senante PART IV ALTERNATIVE APPROACHES TO VALUING WATER 15. Experimental Economics and Water Resources Hernán Bejarano and James Shortle 16. Nonmarket Valuation and Water Resource Management Richard T. Carson PART V WATER QUALITY MANAGEMENT 17. Model-based Regulation of Nonpoint Source Emissions Kenneth A. Baerenklau and Jingjing Wang 18. Salinity and Groundwater Management: A Hydro-economic Analysis Kurt Schwabe and Keith C. Knapp PART VI ADDRESSING WATER SCARCITY 19. Water Markets: From Theory to Practice (With Focus on the USA) Kristiana Hansen 20. Water Conservation: Thinking Beyond the Tap Diane DuPont 21. Conjunctive Management of Water Resources in Agriculture Yacov Tsur PART VII TRANSBOUNDARY WATER MANAGEMENT 22. Joint Management of International Water Bodies under Scarcity and Variability Ariel Dinar 23. The Economics of Transboundary Water Management Erik Ansink and Harold Houba PART VIII WATER IN THE DEVELOPING WORLD 24. Water and Sanitation Economics: Reflections on Application to Developing Economies Dale Whittington and Subhrendu K. Pattanayak 25. Water and Growth in Developing Countries Edward B. Barbier Index

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Book SynopsisThis comprehensive Handbook explores the role that economics plays in water resource use, management, and policy. The contributors cover a continuum of topics that individually and jointly represent the state of the art of water economics.Leading scholars demonstrate ways in which economic theory, tools, and analyses have been used to address a variety of water-related issues over the years and, subsequently, to create better-informed policy and management decisions. Acknowledging and building upon the seminal research related to water economics, this book offers a current and provocative exploration of a variety of topics, including: the role of institutions in developing sound water policy and water sustainability extraction, production, and use of surface water, groundwater, and recycled water, including the conjunctive use of these resources the use of water in industrial, residential, agricultural, and hydropower sectors as well as for the environment and ecosystems the role of experimental economics; methods to address climate change effects and adaptation; developments in the field of nonmarket valuation; approaches to nonpoint source pollution control and salinity pollution; issues related to water in the developing world; water and economic growth; and management of international water. The Handbook of Water Economics will prove to be an enlightening, thought-provoking, and practical read for PhD students, researchers in water economics and management, water-related agency staff, and professionals interested in water-related economic issues at the local, state, national, and international levels.Contributors: E. Ansink, K.A. Baerenklau, E.B. Barbier, R. Bark, H. Bejarano, K. Burnett, R.T. Carson, J. Connor, O.G. Dávila, A. Dinar, D.P. Dupont, B. Franklin, R.Q. Grafton, K. Hansen, F. Hernández-Sancho, H. Houba, B.H. Hurd, W.K. Jaeger, P.-O. Johansson, S. Kaplan, V. Kerry Smith, K.C. Knapp, P. Koundouri, B. Kriström, A. Loch, M. Molinos-Senante, S.K. Pattanayak, S. Pongkijvorasin, S. Renzetti, J. Roumasset, K. Schwabe, J. Shortle, V.K.Smith, D. Squires, Y. Tsur, C.A. Wada, J. Wang, F.A. Ward, S.A. Wheeler, D. Whittington, M.-Q. (Kent) Zhao, D. ZilbermanTrade Review'The evidence is clear that water conflicts and water management continue to present profound obstacles to peace and sustainable livelihoods. Ariel Dinar and Kurt Schwabe have produced a compelling collection of readings that offer important insights into this persistent problem. Chapters cover conceptual issues, competing uses, valuation, sectoral allocation, water markets, energy production, residential and industrial uses, ecosystems, water quality, and international (transboundary) concerns. This impressive volume will become an essential reference for years to come.' --(Daniel W. Bromley, University of Wisconsin-Madison)'Handbook of Water Economics by Dinar and Schwabe focuses on current issues in water economics. The Handbook, hence, presents, methods that water economists often apply and the role that water economics plays in water resources management, use and policy.' --(European Review of Agricultural Economics)'The Handbook of Water Economics provides a comprehensive treatment of the economics of water. Compiling contributions from over 40 water economists, the book encompasses a breadth of topics ranging from theoretical frameworks to methods, and from traditional problems to emerging challenges. Accessible to graduate students, researchers, and professionals, the book offers a broad overview of water-related issues, and covers essential material for developing a solid understanding of the role economics plays in driving water use, informing policy and designing long-term solutions.' --( Cloe Garnache, Water Economics and Policy)Table of ContentsContents: 1. Introduction Ariel Dinar and Kurt Schwabe PART I CONCEPTS AND THEORETICAL FOUNDATIONS 2. Institutions and Water William K. Jaeger 3. Sustainability Economics of Groundwater Usage and Management Keith C. Knapp and Bradley Franklin 4. Concepts and Methods for Assessing Economic Impacts from Climate Change on Water Resources Brian H. Hurd PART II SECTORAL FOCUS 5. Agricultural Water Management Sarah Ann Wheeler, Rosalind Bark, Adam Loch and Jeff Connor 6. Economic Analysis of Industrial Water Use Steven Renzetti 7. Residential Water Management: An Economic Perspective on Policy Instruments V. Kerry Smith and Min-Qiang (Kent) Zhao 8. The Use of Ecosystem Services Approach in Guiding Water Valuation and Management: Inland and Coastal Waters Phoebe Koundouri and Osiel González Dávila 9. Incentivizing Interdependent Resource Management: Watersheds, Groundwater and Coastal Ecology Kimberly Burnett, Sittidaj Pongkijvorasin, James Roumasset and Christopher A. Wada 10. Hydropower Management: Electricity Versus other Values Per-Olov Johansson and Bengt Kriström 11. Water, Land Use and Environmental Aspects of Biofuel Production David Zilberman and Scott Kaplan 12. The Economic Sustainability Paradigm and Fresh Water and Marine Fisheries Governance R. Quentin Grafton and Dale Squires PART III WATER SOURCES 13. Economics of Surface Water Management: A Review Frank A. Ward 14. Wastewater Management and Reuse Francesc Hernandez-Sancho and Maria Molinos-Senante PART IV ALTERNATIVE APPROACHES TO VALUING WATER 15. Experimental Economics and Water Resources Hernán Bejarano and James Shortle 16. Nonmarket Valuation and Water Resource Management Richard T. Carson PART V WATER QUALITY MANAGEMENT 17. Model-based Regulation of Nonpoint Source Emissions Kenneth A. Baerenklau and Jingjing Wang 18. Salinity and Groundwater Management: A Hydro-economic Analysis Kurt Schwabe and Keith C. Knapp PART VI ADDRESSING WATER SCARCITY 19. Water Markets: From Theory to Practice (With Focus on the USA) Kristiana Hansen 20. Water Conservation: Thinking Beyond the Tap Diane DuPont 21. Conjunctive Management of Water Resources in Agriculture Yacov Tsur PART VII TRANSBOUNDARY WATER MANAGEMENT 22. Joint Management of International Water Bodies under Scarcity and Variability Ariel Dinar 23. The Economics of Transboundary Water Management Erik Ansink and Harold Houba PART VIII WATER IN THE DEVELOPING WORLD 24. Water and Sanitation Economics: Reflections on Application to Developing Economies Dale Whittington and Subhrendu K. Pattanayak 25. Water and Growth in Developing Countries Edward B. Barbier Index

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Book SynopsisThis timely new collection presents essential readings for those interested in the economics of natural disasters. It features influential articles on the macroeconomic and regional impacts of natural disasters, natural disaster vulnerability, resilience, recovery and adaptation. Topics covered include short-run and long-run economic impacts, poverty and vulnerability, emerging life-saving technologies, the role of government in fostering resilience and adaptation in response to disasters. Together with an original introduction by the editor, this volume will be an invaluable source of reference for researchers and policymakers alike.Trade Review‘Economics is both political economy and empirical, and this distinction has not been lost in Professor Skidmore’s edited book on the economics of natural disasters. This collection strikes a good balance between quantitative and non-quantitative studies as well as between the general and the particular. The volume will prove to be a necessary reference source about this controversial and highly relevant area of study.’ -- J.M. Albala-Bertrand, Queen Mary University of LondonTable of ContentsContents: Introduction Mark Skidmore PART I MACROECONOMIC AND REGIONAL IMPACTS OF NATURAL DISASTERS A. Growth Impacts 1. Mark Skidmore and Hideki Toya (2002), ‘Do Natural Disasters Promote Long-Run Growth?’, Economic Inquiry, 40 (4), October, 664–87 2. Jesús Crespo Cuaresma, Jaroslava Hlouskova and Michael Obersteiner (2008), ‘Natural Disasters as Creative Destruction? Evidence from Developing Countries’, Economic Inquiry, 46 (2), April, 214–26 3. Ilan Noy (2009), ‘The Macroeconomic Consequences of Disasters’, Journal of Development Economics, 88 (2), March, 221–31 4. Eric Strobl (2012), ‘The Economic Growth Impact of Natural Disasters in Developing Countries: Evidence from Hurricane Strikes in the Central American and Caribbean Regions’, Journal of Development Economics, 97 (1), January, 130–41 5. Eduardo Cavallo, Sebastian Galiani, Ilan Noy and Juan Pantano (2013), ‘Catastrophic Natural Disasters and Economic Growth’, Review of Economics and Statistics, 95 (5), December, 1549–61 B. Instability, Monetary and Financial Flow Impacts 6. Kerry A. Odell and Marc D. Weidenmier (2004), ‘Real Shock, Monetary Aftershock: The 1906 San Francisco Earthquake and the Panic of 1907’, Journal of Economic History, 64 (4), December, 1002–27 7. Claudio Raddatz (2007), ‘Are External Shocks Responsible for the Instability of Output in Low-Income Countries?’, Journal of Development Economics, 84 (1), September, 155–87 8. Michael R. Carter, Peter D. Little, Tewodaj Mogues and Workneh Negatu (2007), ‘Poverty Traps and Natural Disasters in Ethiopia and Honduras’, World Development, 35 (5), May, 835–56 C. Regional Impacts 9. Adam Rose, Juan Benavides, Stephanie E. Chang, Philip Szczesniak and Dongsoon Lim (1997), ‘The Regional Economic Impact of an Earthquake: Direct and Indirect Effects of Electricity Lifeline Disruptions’, Journal of Regional Science, 37 (3), August, 437–58 10. Stéphane Hallegatte (2008), ‘An Adaptive Regional Input-Output Model and its Application to the Assessment of the Economic Cost of Katrina’, Risk Analysis, 28 (3), June, 779–99 PART II NATURAL DISASTER VULNERABILITY 11. Terry Cannon (1994), ‘Vulnerability Analysis and the Explanation of “Natural” Disasters’, in Ann Varley (ed.), Disasters, Development and Environment, Chapter 2, Chichester, UK: John Wiley and Sons Ltd, 13–30 12. Lino Briguglio (1995), ‘Small Island Developing States and Their Economic Vulnerabilities’, World Development, 23 (9), September, 1615–32 13. Mark Pelling and Juha I. Uitto (2001), ‘Small Island Developing States: Natural Disaster Vulnerability and Global Change’, Global Environmental Change Part B: Environmental Hazards, 3 (2), June, 49–62 14. Irasema Alcántara-Ayala (2002), ‘Geomorphology, Natural Hazards, Vulnerability and Prevention of Natural Disasters in Developing Countries’, Geomorphology: Geomorphology in the Public Eye: Political Issues, Education, and the Public, 47 (2–4), October, 107–24 15. Susan L. Cutter, Bryan J. Boruff and W. Lynn Shirley (2003), ‘Social Vulnerability to Environmental Hazards’, Social Science Quarterly, 84 (2), June, 242–61 16. Michael K. Lindell and Carla S. Prater (2003), ‘Assessing Community Impacts of Natural Disasters’, Natural Hazards Review, 4 (4), November, 176–85 17. Matthew E. Kahn (2005), ‘The Death Toll from Natural Disasters: The Role of Income, Geography, and Institutions’, Review of Economics and Statistics, 87 (2), May, 271–84 18. Nejat Anbarci, Monica Escaleras and Charles A. Register (2005), ‘Earthquake Fatalities: The Interaction of Nature and Political Economy’, Journal of Public Economics, 89 (9–10), September, 1907–33 19. Eric Neumayer and Thomas Plümper (2007), ‘The Gendered Nature of Natural Disasters: The Impact of Catastrophic Events on the Gender Gap in Life Expectancy, 1981–2002’, Annals of the Association of American Geographers, 97 (3), February, 551–66 20. Hideki Toya and Mark Skidmore (2007), ‘Economic Development and the Impacts of Natural Disasters’, Economics Letters, 94 (1), January, 20–25 21. Michel Masozera, Melissa Bailey and Charles Kerchner (2007), ‘Distribution of Impacts of Natural Disasters across Income Groups: A Case Study of New Orleans’, Ecological Economics: Ecological Economics of Coastal Disasters–Coastal Disasters Special Section, 63 (2–3), August, 299–306 22. Derek K. Kellenberg and Ahmed Mushfiq Mobarak (2008), ‘Does Rising Income Increase or Decrease Damage Risk from Natural Disasters?’, Journal of Urban Economics, 63 (3), May, 788–802 23. P.A. Raschky (2008), ‘Institutions and the Losses from Natural Disasters’, Natural Hazards and Earth System Sciences, 8 (4), July, 627–34 24. Roger A. Pielke Jr., Joel Gratz, Christopher W. Landsea, Douglas Collins, Mark A. Saunders and Rade Musulin (2008), ‘Normalized Hurricane Damage in the United States: 1900–2005’, Natural Hazards Review, 9 (1), February, 29–42 25. Alvaro S. Pereira (2009), ‘The Opportunity of a Disaster: The Economic Impact of the 1755 Lisbon Earthquake’, Journal of Economic History, 69 (2), June, 466–99 26. Mark Skidmore and Hideki Toya (2013), ‘Natural Disaster Impacts and Fiscal Decentralization’, Land Economics, 89 (1), February, 101–17 27. Richard Hornbeck and Suresh Naidu (2014), ‘When the Levee Breaks: Black Migration and Economic Development in the American South’, American Economic Review, 104 (3), March, 963–90 28. Daniel P. Aldrich and Yasuyuki Sawada (2015), ‘The Physical and Social Determinants of Mortality in the 3.11 Tsunami’, Social Science and Medicine, 124, January, 66–75 29. Hideki Toya and Mark Skidmore (2015), ‘Information/Communication Technology and Natural Disaster Vulnerability’, Economics Letters, 137, December, 143–5 PART III NATURAL DISASTER RESILIENCE, RECOVERY AND ADAPTATION A. Resilience 30. David S. Brookshire, Mark A. Thayer, John Tschirhart and William D. Schulze (1985), ‘A Test of the Expected Utility Model: Evidence from Earthquake Risks’, Journal of Political Economy, 93 (2), April, 369–89 31. Howard Kunreuther (1996), ‘Mitigating Disaster Losses through Insurance’, Journal of Risk and Uncertainty, Special Issue: The Stanford University Conference on Social Treatment of Catastrophic Risk, 12 (2–3), May, 171–87 32. Raymond J. Burby, Robert E. Deyle, David R. Godschalk and Robert B. Olshansky (2000), ‘Creating Hazard Resilient Communities through Land-Use Planning’, Natural Hazards Review, 1 (2), May, 99–106 33. Gary Yohe and Richard S.J. Tol (2002), ‘Indicators for Social and Economic Coping Capacity – Moving toward a Working Definition of Adaptive Capacity’, Global Environmental Change, 12 (1), April, 25–40 34. Emmanuel Skoufias (2003), ‘Economic Crises and Natural Disasters: Coping Strategies and Policy Implications’, World Development: Economic Crises, Natural Disasters, and Poverty, 31 (7), July, 1087–102 35. David R. Godschalk (2003), ‘Urban Hazard Mitigation: Creating Resilient Cities’, Natural Hazards Review, 4 (3), August, 136–43 36. Fanny Henriet, Stéphane Hallegatte and Lionel Tabourier (2012), ‘Firm-Network Characteristics and Economic Robustness to Natural Disasters’, Journal of Economic Dynamics and Control, 36 (1), January, 150–67 B. Recovery 37. George Horwich (2000), ‘Economic Lessons of the Kobe Earthquake’, Economic Development and Cultural Change, 48 (3), April, 521–42 38. R.W. Kates, C.E. Colten, S. Laska and S.P. Leatherman (2006), ‘Reconstruction of New Orleans after Hurricane Katrina: A Research Perspective’, Proceedings of the National Academy of Sciences, 103 (40), October, 14653–60 39. David Strömberg (2007), ‘Natural Disasters, Economic Development, and Humanitarian Aid’, Journal of Economic Perspectives, 21 (3), Summer, 199–222 C. Adaptation 40. Timothy Besley and Robin Burgess (2002), ‘The Political Economy of Government Responsiveness: Theory and Evidence from India’, Quarterly Journal of Economics, 117 (4), November, 1415–51 41. Nick Brooks, W. Neil Adger and P. Mick Kelly (2005), ‘The Determinants of Vulnerability and Adaptive Capacity at the National Level and the Implications for Adaptation’, Global Environmental Change: Adaptation to Climate Change: Perspectives across Scales, 15 (2), July, 151–63 42. Raymond J. Burby (2006), ‘Hurricane Katrina and the Paradoxes of Government Disaster Policy: Bringing About Wise Governmental Decisions for Hazardous Areas’, Annals of the American Academy of Political and Social Science, 604 (1), March, 171–91 43. Andrew Healy and Neil Malhotra (2009), ‘Myopic Voters and Natural Disaster Policy’, American Political Science Review, 103 (3), August, 387–406 44. Leah Platt Boustan, Matthew E. Kahn and Paul W. Rhode (2012), ‘Moving to Higher Ground: Migration Response to Natural Disasters in the Early Twentieth Century’, American Economic Review: Papers and Proceedings, 102 (3), May, 238–44 45. Nathalie Francken, Bart Minten and Johan F.M. Swinnen (2012), ‘The Political Economy of Relief Aid Allocation: Evidence from Madagascar’, World Development, 40 (3), March, 486–500 46. Stefan Hochrainer-Stigler, Reinhard Mechler, Georg Pflug and Keith Williges (2014), ‘Funding Public Adaptation to Climate-Related Disasters. Estimates for a Global Fund’, Global Environmental Change, 25, March, 87–96 47. Hideki Toya and Mark Skidmore (2014), ‘Do Natural Disasters Enhance Societal Trust?’, Kyklos, 67 (2), May, 255–79 Index

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Book Synopsis'Daly's contributions to the still emergent field of ecological economics are constant references for our peers throughout the developing world as well as in the North. His courageous tilting at the windmills of mainstream economic nonsense inspire us to continue questioning: in whose interests do we continue on a perpetual search for unlimited material satisfaction? Daly's conception is not only of a world restricted by biophysical limits, but also one in which poverty and deprivation are commonplace, and where Sisyphean efforts to maintain accelerated economic growth only exacerbate inequitable distribution. His vision of sustainable economic welfare shed light on other aspects of our existence which make it worth living. Thanks to Farley, Rees, El Serafy, Goodland and other fellow travelers, we are bestowed with an excellent collection synthesizing Daly's contributions to our work, which will inspire our youth and their children long after we too depart.'- Peter H. May, President, Brazilian Society for Ecological Economics (ECOECO)'Contributed by several eminent thinkers, the chapters in this book herald the paradigm shift that is needed to save the scientific framework of economics. In spite of the conceptual inconsistencies, GDP continues to be accepted by the nation states as the singular parameter to comprehensively describe the health of their economy. What gets easily hidden behind 'Market Failures ' is actually the success of cost-shifting on the heads of the ignorant and marginalized people as 'price for economic growth'. The chapters eloquently establish the need for moving beyond the religious faith on a paradigm that is facing fundamental conceptual challenges but has not addressed them with due seriousness. What is a greater contribution of this collection is the identification of the gaps in knowledge of economics that need to be filled-up to arrive at some basic articulations of the new paradigm that can throw some light on what is ecologically and socially 'Sustainable Development'.'- Jayanta Bandyopadhyay, Past President, The Indian Society for Ecological Economics'The title Beyond Uneconomic Growth captures both the core of Herman Daly's key message and the linguistic mastery that makes his texts so enjoyable to read. The book forms a great tribute to the work of Herman Daly by gathering a distinguished set of contributors, covering a a wide variety of the topics that Daly has dealt with, and pointing in new directions.'- Inge Røpke, Aalborg University, DenmarkThis engaging book brings together leading ecological economists to collectively present a definitive case for looking beyond economic growth as the sole panacea for the world's ecological predicament. Grounded in physics, ecology, and the science of human behavior, contributors show how economic growth itself has become ''uneconomic'' and adds to a ravaging of both social and ecological cohesion.Guided by a clear moral vision that prioritizes sustainability and justice over profit, the authors provide a blueprint for an economy that replaces quantitative growth with qualitative improvement to enhance human welfare while restoring degraded ecosystems. They present solutions for many of today's challenges, ranging from global climate change and biodiversity loss to natural resource depletion. This interdisciplinary work not only relates ecological economics theory to the most urgent predicaments of the contemporary world, but also pays tribute to the work of Herman Daly, a leading pioneer of modern ecological economics.Researchers and faculty studying and teaching ecological economics and environmental studies will find value in this unprecedented book. It will also be of interest to practitioners working to solve a variety of global environmental issues.Trade ReviewBeyond Uneconomic Growth is a fine collection of essays documenting, supporting, and building on the powerful contributions of Herman Daly to the field of ecological economics. Conventional economists focus on allocation, or efficiency, are only now becoming concerned again about distribution, and have yet to realize that the scale of the economy must be compatible with, i.e. significantly smaller than, the biophysical system. Ecological economists start with scale, are centrally concerned with distribution, or with who gets what, and only lastly are concerned with efficiency. Herman Daly set the stage on which ecological economists perform.' --Richard B. Norgaard, University of California, Berkeley, US'Herman Daly is the greatest, and most under-appreciated, economist of our time. This volume, in which other economists and scientists whom he has influenced celebrate and discuss his work, is valuable both as an appreciation of, and as an introduction to the field of ecological economics-which Daly spearheaded. It is essential reading for anyone who desires a human economy that respects nature's limits and can therefore be sustained far into the future.' --Richard Heinberg, Post Carbon Institute'Excellent read. Speaking of the valuable and unique contribution of Herman Daly, the authors succeed in expanding the existing knowledge around Herman's ideas and reflections. They also provide an insight into the origins and evolution of ecological economics. Thus, the book helps to understand the role that Herman has played in the construction process of the steady-state economy, its most important contribution perhaps to a prudent use of nature with a view to promoting the highest good of mankind - happiness. This rich volume will greatly assist in strengthening the foundations of ecological economics.' --Clóvis Cavalcanti, President Elect of the International Society for Ecological Economics (ISEE)Table of ContentsContents: In Memoriam for Robert Goodland PART I INTRODUCTION 1. The Foundations for an Ecological Economy: An Overview Joshua Farley 2. The World in Over-shoot: A Celebration of Herman Daly’s Contributions to Ecological Economics – The Science of Sustainability Robert Goodland 3. Toward a Sustainable and Desirable Future: A 35 Year Collaboration with Herman Daly Robert Costanza PART II CHANGING THE PARADIGM:WHAT IS BIOPHYSICALLY POSSIBLE, AND HOW DO HUMANS BEHAVE? 4. Population, Resources, and Energy in the Global Economy: A Vindication of Herman Daly’s Vision Jonathan M. Harris 5. On Limits Arild Vatn 6. Toward a Science-based Theory of Behavior: Building on Georgescu-Roegen John Gowdy 7. Denying Herman Daly: Why Conventional Economics will not Embrace the Daly Vision William E. Rees PART III CHANGING THE GOALS: WHAT IS SOCIALLY, PSYCHOLOGICALLY AND ETHICALLY DESIRABLE? 8. The Importance of Just Distribution in a ‘Full’ World Philip Lawn 9. Hicksian Income, Welfare, and the Steady State Salah El Serafy PART IV CHANGING THE RULES: INSTITUTIONS FOR A SUSTAINABLE AND DESIRABLE FUTURE 10. Ecological and Georgist Economic Principles: A Comparison Clifford Cobb 11. Making Money John B. Cobb, Jr. PART V THE STEADY-STATE ECONOMY 12. The Steady-state Economy Peter A. Victor 13. Socially Sustainable Economic Degrowth Joan Martinez Alier 14. Politics for a Steady State Economy Brain Czech PART VI CONCLUSIONS 15. The Unfinished Journey of Ecological Economics: Toward an Ethic of Ecological Citizenship Peter G. Brown Index

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