Environmental economics Books

Book SynopsisOver the last two decades economic analysis has begun to offer increasingly sophisticated and useful insights into environmental problems. Tom Tietenberg has had a significant impact on recent innovations which have enlarged the range of economic policy instruments at our disposal as well as transforming the roles of the various institutions responsible for implementation and enforcement.Economics and Environmental Policy includes Professor Tietenberg's most important essays on economics and environmental policy written over a 20 year period. It includes papers on the integration of economic incentives into pollution control which cover theoretical work and empirical studies as well as overviews of emission trading and emission charges. Later papers concentrate on the judicial role in environmental policy, including the perverse incentives created by specific legal doctrines, and environmental enforcement, which deals with issues such as creative penalty structures and the empowerment of nongovernmental organizations. The final papers deal with sustainable development and, in particular, the role of poverty, the need for technology and capital transfers, and the pricing of depletable resources.The essays in this collection address not only theoretical and practical matters associated with environmental policy, but also design and implementation issues. By improving access to Tom Tietenberg's many important contributions, this volume makes a significant addition to the literature on environmental theory and practice.Trade Review'This collection of writings of one of the leading environmental economists exemplifies the changing issues and methodologies of environmental economics and politics - highly recommended reading for anyone interested in the field.' -- Thomas Wagner, Kyklos'This is a wide-ranging volume incorporating a large number of studies with a clearly discernible theme. Perhaps this is what might be expected to emerge from part of the productive career of a gifted individual. Such a collection is extremely valuable in that it provides a coherent view of important issues in the interface between economic analysis and environmental policy. . . . a useful addition to the intellectual resources available to environmental economists, particularly as an easily available source of many important readings for graduate and undergraduate courses.' -- Noel P. Russell, The Manchester SchoolTable of ContentsPart 1 Introduction. Part 2 Pollution control policies: controlling pollution by price and standard systems - a general equilibrium analysis; specific taxes and the control of pollution - a general equilibrium analysis; derived decision rules for pollution control in a general equilibrium space economy; spatially differentiated air pollutant emission charges - an economic and legal analysis; transferable discharge permits and the control of stationary source air pollution - a survey and synthesis; the empirical properties of two classes of designs for transferable discharge permit markets; approaches for reaching ambient standards in nonattainment areas - financial burden and efficiency considerations; economic implications of emissions trading rules for local and regional pollutants; market failure in incentive-based regulation - the case of emissions trading; uncommon sense - the programme to reform pollution control policy; economic instruments for environmental regulation. Part 3 Environmental law: indivisible toxic torts - the economics of joint and several liability; the structure of penalties in environmental enforcement - an economic analysis; private enforcement of federal environmental law. Part 4 Sustainable development policies: the poverty connection to environmental policy; managing the transition - the potential role for economic policies; substitution bias in a depletable resource model with administered prices; an international system of tradeable CO2 entitlements - implications for economic development.

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Book SynopsisThis important volume features essays dealing with a wide range of theoretical, measurement and policy issues in environmental and resource economics. Anthony Fisher is an internationally acclaimed environmental economist whose work combines relevance with intellectual rigour.The integration of environmental considerations into decisions about extractive resource has been a central theme of Professor Fisher's work. The essays in this collection range from exercises in the pure theory of resource depletion to applications of theoretical and empirical techniques on the management of energy and water resources. Particular attention is given to uncertainty about environmental values and the irreversibility of certain kinds of resource depletion. Featuring work on a wide range of topics and adopting a breadth of approaches, Environmental and Resource Economics will be welcomed by researchers, practitioners and policymakers.Trade Review'Both students of environmental science and economics, and practitioners will find much of interest.' -- Aslib Book Guide'. . . the survey articles, deploy not merely technical expertise but also a very scholarly knowledge of previous related literature, a common-sense appreciation of the relationship between a theory and real-world environmental problems, and a willingness to provide intuitive explanations of the argument and the conclusions whenever these are appropriate.' -- Wilfred Beckerman, The Economic Journal'This is a superb book that brings together papers from the career of a really excellent economist. Fisher models interesting problems in novel ways and writes up his findings well. This volume deserves to be read: what greater praise could a book be given?' -- Anthony G. Heyes, The Journal of Energy Literature'Fisher has played, and still plays, a significant role in the environmental economics debate on natural resources and the economic value of reources. Therefore the reprinting of 24 of his most relevant articles should be welcomed. It should be read by all environmental scientists dealing with these types of problems.' -- Jan Van der Straaten, Environmental Politics'This collection of papers makes a valuable addition to one's library. The writing is succint, sticking to the substance of the economic issues. The economic models are well designed to meet their needs, neither skirting mathematical complexities where necessary for gaining purchase on slippery issues, nor pursuing mathematical models for their own sake. Insight, not generality, appears to be the advantage sought. One can get a sense of Fisher the economist, confronting economic problems and looking for the tools to solve them.' -- Kenneth E. McConnell, Journal of Agricultural Economics'Here is a collection of the writings of this acclaimed environmental economist, whose work combines relevance with intellectual rigor.' -- Business Horizons'Tony Fisher's very productive career vividly shows that neoclassical economic thought can be an asset rather than a hindrance to getting people to treat the natural environment as if it were an object of moral concern.' -- Thomas D. Crocker, Environmental Values'. . . a fundamental text for any devout resource or environmental economist.' -- Wendy Kenyon, Environmental PoliticsTable of ContentsPart I Synthesis of a new field - environmental and resource economics. Part II Introduction of environmental values into benefit-cost analysis. Part III Irreversibility on economic processes. Part IV Uncertainty and irreversibility. Part V Social discounting and intergenerational transfers. Part VI The meaning and measurement of resource scarcity. Part VII The theory of exhaustible resource depletion and discovery. Part VIII Energy modelling and policy analysis. Part IX Something old and something new.

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Book SynopsisThe Economics of the Environment is a working collection of the leading papers in the field of environmental economics. It presents within the compass of a single volume the two central issues in environmental economics: the theory and practice of economic regulation and the valuation of environmental amenities. Wallace E. Oates has included both the classics, the seminal papers in the field, and some of the recent work that is making an important contribution to the economic analysis of environmental problems.Trade Review'Oates, a well-known environmental economist. . . . gathers together in this large volume 35 previously published classic articles in the fields of environmental economics. His choices are excellent. This book would be desirable for any library serving graduate programs in environmental economics.'Table of ContentsCONTENTS INTRODUCTION PART I: Environmental Economics: An Overview R. U. Ayres and A. V. Kneese (1969), ‘Production, Consumption, and Externalities’ PART II: The Theory of Environmental Regulation W. J. Baumol (1972), ‘On Taxation and the Control of Externalities’ B. J. Spulber (1985), ‘Effluent Regulation and Long-Run Optimality’ W. J. Baumol and D. F. Bradford (1972), ‘Detrimental Externalities and Non-Convexity of the Production Set’ R. H. Coase (1960), ‘The Problem of Social Cost’ R. Turvey (1963), ‘On Divergences Between Social Cost and Private Cost’ M. L. Weitzman (1974), ‘Prices vs. Quantities’ Z. Adar and J.M.. Griffin (1976), ‘Uncertainty and the Choice of Pollution Control Instruments’ M. J. Roberts and M. Spence (1976), ‘Effluent Charges and Licenses Under Uncertainty’ PART III: The Deign and Implementation of Environmental Policy W. J. Baumol and W. E. Oates (1971), ‘The Use of Standards and Prices for Protection of the Environment’ J. H. Dale (1968), ‘Land, Water and Ownership’ D. W. Montgomery (1972), ‘Markets in licenses and Efficient Pollution Control Programs’ T. H. Tietenberg (1980), ‘Transferable Discharge Permits and the Control of Stationary Source Air Pollution: A Survey and Synthesis’ W. O’Neil, M. David, C. Moore and E. Joeres (1983), ‘Transferable Discharge Permits and Economic Efficiency: The Fox River’ E. P. Seskin, R. J. Anderson, Jr., and R. O. Reid (1983), ‘An Empirical Analysis of Economic Strategies for Controlling Air Pollution’ W. E. Oates and D. L. Strassman (1984), ‘Effluent Fees and Market Structure’ R. W. Hahn (1989), ‘Economic Prescriptions for Environmental Problems: How the Patient Followed the Doctor’s Orders’ PART IV: Measuring the Benefits and Costs of Environmental Amenities M. Clawson (1959), ‘Methods of ~Measuring the Demand for and Value of Outdoor Recreation’ J. L. Knetsch and R. K. Davis (1966), ‘Comparisons of Methods for Recreation Evaluation’ K-G. Mäler (1971), ‘A Method of Estimating Social Benefits from Pollution Control’ R. G. Ridker and J. A. Henning (1967), ‘The Determinants of Residential Property Values with Special Reference to Air Pollution’ S. Rosen (1974), ‘Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition’ N. E. Bockstael and K. E. McConnell (1983), ‘Welfare Measurement in the Household Production Framework’ W. Harrington, A. . Krupnick and W. O. Spofford, Jr. (1989), ‘The Economic Losses of a Waterborne Disease Outbreak’ B. A. Weisbrod (1964), ‘Collective-consumption Services of Individual-consumption Goods’ A. Randall, B. Ives and C. Eastman (1974), ‘Bidding Games for Valuation of Aesthetic Environmental Improvements’ D. S. Brookshire, M. A. Thayer, W. D. Schulze, and R. C. D’Arge (1982), ‘Valuing Public Goods: A Comparison of Survey and Hedonic Approaches’ W. . Hanemann (1991), ‘Willingness to pay and Willingness to Accept: How Much Can They Differ?’ M. Hazilla, R. J. Kopp (1990), ‘Social Cost of Environmental Quality Regulations: A General Equilibrium Analysis’ PART V: The Enforcement of Environmental Policies P. B. Downing and W. D. Watson, Jr. (1974), ‘The Economics of Enforcing Air Pollution Controls’ J. D. Bradford (1978), ‘Firm Behavior Under Imperfectly Enforcable Pollution Standards and Taxes’ W. Harrington (1988), ‘Enforcement Leverage When Penalties are Restricted’ PART VI: The Economics of Conversation J. V. Krutilla (1967), ‘Conservation Reconsidered’ A. C. Fisher, J. V. Krutilla and C. . Cicchetti (1972), ‘The Economics of Environmental Preservation: A Theoretical and Empirical Analysis’ K. J. Arrow and A. C. Fisher (1974), ‘Environmental Preservation, Uncertainy and Irreversibility’

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Book SynopsisEnvironmental Problems in the Shortage Economy is one of the first books to analyse environmental disruption under the Soviet economic system. Using original Soviet data the author shows that considerable damage has been done to the environment and that measures which were intended to protect it have been largely ineffective.A detailed account of environmental problems in the Soviet economy is followed by discussion of two specific problems: the ineffectiveness of measures to protect the environment and the general mismanagement of natural resource extraction. In order to explain these problems, a framework is adopted which views the former Soviet Union as a shortage economy with environmental problems as part of its general functioning. Further insight into the impact of the shortage economy on the management of natural resources is provided by a case study on the use of forestry resources. The book also includes an account of Soviet academic work in the field of environmental economics.This rigorous and authoritative assessment of the implications of Soviet environmental policy will be welcomed by environmental economists and political scientists concerned with the wider legacy of the Soviet Union and its economic policy.Trade Review’. . . a book which is well worth obtaining from the local library if from no other source.’- Talking Politics -- ’. . . the book provides a very clear example of the myopia that troubled the Soviet planning model until its demise in 1989.’– Paul Nunn, The Economic JournalTable of ContentsContents: 1. Introduction 2. The Environmental Situation in the Former Soviet Union 3. Approaches to Economic Analyses of the Environment 4. A Shortage Economy Approach 5. Environmental Performance in the Shortage Economy 6. Prospects for the Environment in the Former Soviet Union 7. Central Forestry Policy 8. The Timber Procurement Industry 9. The Ineffectiveness of Priority Changes in the Forestry Sector 10. Conclusions Index

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Book SynopsisThis major new reference work includes a selection of the most important articles and papers on urban economic theory published during the last twenty years.Analytical Urban Economics focuses on a branch of urban economic theory that attempts to analyze economic behaviour in cities by referring to geographical space rather than dealing with a spaceless world. The contributing authors to this volume are drawn from some of the most prominent urban economists in the world and from leading economic journals, especially those focusing on urban economics.This volume, with a new introduction written by the editors, is divided into ten sections including ‘The Distribution of Income and Utility over Space’, ‘Dynamics’ and ‘Alternatives to Monocentric Models’.This book will be an essential reference text for urban economists and will be important background reading for graduate courses on urban economics.Trade Review’This book will be an essential reference text for urban economists and will be important background reading for graduate courses on urban economics.’- Public Administration, Development, and EnvironmentTable of ContentsContents: Volume I: Introduction Part I: The Location Theory of the Firm Part II: Household Location and Land Use Part III: Spatial Competition and Central Places Theories Index • Volume II: Part I: General Equilibrium in Space Part V: The Spatial Organization of Public Services Part VI: Operational Miodels of Location Index

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Book SynopsisEstimating Economic Values for Nature presents, in one volume, a collection of V. Kerry Smith's papers prepared over 25 years, dealing with the theory and practice of non-market valuation for environmental resources. Taken together, the papers explore the conceptual basis, the implementation process and empirical performance of all available methods of measuring economic values for the services of nature and how these values are constructed from people's choices. The issues discussed in this volume include travel cost, recreation demand, averting behaviour, household production, hedonic property value, hedonic wage and contingent valuation methods. These essays describe what has been learned from past benefit analysis, using meta-analysis, as well as the issues at the frontiers of current research in the area.This important volume will be welcomed by environmental and public economists, as well as practitioners of cost-benefit analysis, as an authoritative and comprehensive discussion of non-market valuation.Trade Review'The book, while demonstrating the evolution in theoretical thinking produced by a major contributor to the literature, also establishes the state-of-the-art for practitioners and scholars of non-market valuation generally. In this setting, this compilation is highly recommended as a valuable new reference book.'Table of ContentsContents: Part I: Setting the Stage Part II: Indirect Methods as Detective Work Section A: Travel Cost Recreation Demand Models Section B: Hedonic Models – Property and Labour Markets Section C: Household Production Models – Theory and Practice Part III: Direct Methods as Listening to ‘Data’ Part IV: New Horizons Index

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Book SynopsisThis book considers the possibility of adjusting traditional economic measures of income and welfare to account for natural resource extraction and environmental degradation.It presents and reviews the limitations of an operational method for measuring income from resource extraction in both open and closed economies. In addressing closed economies, the discussion centres on the relationship between income and global sustainability. The book also considers the measurement of social welfare in relation to environmental issues and resource extraction, especially changes over time and comparison between countries. Theoretical material is complemented by case studies on petroleum extraction in Norway and soil degradation in Tanzania, to which the pragmatic methods are applied. The author challenges the view that environmental degradation is best included in welfare measurement and argues that many of the proposals for adjusted welfare measurements are better interpreted as adjustments of national income.Economic Growth and the Environment will be indispensable to environmental accountants, environmental organizations interested in green accounting and students studying sustainability issues.Trade Review'This book presents and reviews the limitations of an operational method for measuring income from resource extraction in both open and closed economies. It will be useful to environmental accountants, environmental organizations and students of sustainability issues.' -- Public Administration, Development and EnvironmentTable of ContentsContents: Preface 1. Introduction 2. National Accounting, Environment and Resources 3. Income in Open Economies 4. Income in the Closed Economy 5. Welfare 6. Environmental Degradation 7. Conclusion Bibliography Index

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Book SynopsisNatural Resource Economics brings together in one accessible volume an outstanding selection of Allen V. Kneese's papers, published over the past 26 years, and ranging widely over natural resource economics including basic theory, empirical issues and policy analysis.Beginning with a broad overview of the field of natural resource economics, the first part includes papers dealing with ethics and environmental economics, efforts to develop a sustainable economy and optimal organization arrangements for environmental management. The second part explores the history of benefit-cost analysis and Dr Kneese's work on water allocation in arid areas, including the trading of water rights and water pricing. The final part focuses on environmental economics and policy, including the classic essay 'Production, Consumption and Externalities'.Dr Kneese accompanies these papers with an authoritative introduction in which he briefly discusses his career and his role in the development of the now thriving field of environmental economics.Trade Review'. . . the depth and clarity which the subject areas are dealt with reflect a considerable contribution to economic analysis of the environment.'Table of ContentsContents: Introduction Part I: Perspectives Part II: Water Resources and Cost–Benefit Analysis Part III: Environmental Economics and Policy Index

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Book SynopsisWhich level of government is most appropriate for environmental policy making in a confederal or federal system? How does the level of government at which policy is made and implemented affect the choice of policy instruments? This important new volume addresses these problems by comparing environmental policies and practices in the European Union and the United States.In Environmental Policy with Political and Economic Integration, a distinguished group of authors discusses how environmental policy in a federal or confederal system may differ both in theory and practice from that found in a unitary government system. After examining the framework for environmental policy in the EU and US, the authors present papers on their federal institutions, the economic forces affecting environmental governance, the choice of policy instruments, linkages between trade and environmental policy and environmental regulations within international trade negotiations. The final part brings together a series of case studies which sheds new light on the research questions formulated earlier in the book. Issues discussed include the regulation of agricultural pollution, global warming, ozone pollution and environmental security.In addition to its detailed discussion of environmental policy in the EU and the US, Environmental Policy with Political and Economic Integration will be essential reading for both scholars and policymakers concerned with designing and implementing regulations to protect the environment.Trade Review’This is a valuable collection of essays. Students of political and economic integration will definitely want to work through the contributions and there is a lot here for environmental economists dealing with trade and European issues.’Table of ContentsContents: Introduction (J.B. Braden, H. Folmer, T.S. Ulen) Part I: The Economic and Philosophical Foundations of Environmental Policy (C.W. Howe, E.T. Freyfogle) Part II: The Law and Economics of Authority in a Federal System (J.E. Pfander, P. Shapiro) Part III: The Political Economy of Instrument Choice (K. Segerson, R. Pethig) Part IV: International Trade and Environmental Policy (C. Ford Runge, A. Ulph) Part V: Case Studies of Comparative Environmental Policies Section A: Agricultural Pollution (W. Brussard, M.R. Grossman, J.S. Shortle) Section B: Global Warming (L. Bergman, C.D. Kolstad) Section C: Tropospheric Ozone Pollution (J.B. Braden, S. Proost) Section D: Environmental Dimensions of National and International Security (K.H. Butts, S. Dalby) Index

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Book SynopsisNational parks and game reserves are under threat from exploitation by tourists and by people living on their borders. Parks, although highly valued by conservationists, are not protected from unregulated economic behaviour within and outside their borders.In The Economics of Third World National Parks, Anup Shah argues that parks and reserves are worth preserving, rigorously analyses the problem and advocates solutions drawing on a wide range of sources. Issues discussed include the effects of economic activity on a national park, the tourist problem, valuing a national park and the use of cost-benefit decision making. Dr Shah uses economic analysis to explore institutional arrangements which would compensate for externalities resulting from exploitation and over-use by tourists and local communities. The price mechanism, he argues, is not a satisfactory tool with which to protect areas of rich bio-diversity. The Economics of Third World National Parks presents a clear and thoughtful application of economic thought, and especially the concept of externalities, to a key problem which current institutional structures seem unable to resolve.Trade Review'This book successfully brings basic concepts of economics to bear on the important problem of preserving and managing natural environments in developing countries for the benefit of people everywhere.' -- Anthony C. Fisher, University of California, Berkeley, USTable of ContentsContents: Preface 1. Introduction 2. The Atemporal Problem of the Buffer Area 3. The Intertemporal Problem of the Buffer Area 4. The Effects of Economic Activity in the Buffer Area on the National Park 5. The Tourist Problem: The Demand for Wildlife Viewing 6. The Supply of Wildlife-Viewing Services 7. Value of a National Park and Cost–Benefit Decision-Making 8. An Eco-development Plan for a Greater National Park 9. Conclusions Index

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Book SynopsisContaminated land policy is a key concern of governments and policy makers across the globe, yet discussion has traditionally focused on the particular experience of the United States. This major new book develops a framework for assessing laws and regulations regarding contaminated land and polluted properties, their clean up and reuse, and the assignment of costs and responsibilities for reclamation.In Contaminated Land, the authors, a European and two Americans, lay out a framework for cross- national comparisons of policy contexts as well as ways of examining the outcomes of different approaches to contaminated land and systematically compare approaches to this issue in both the EU and US. The use of this framework leads to a reassessment of specific policies, such as the polluter pays principle, which may be more successful in the EU than it has been in the US, and subsidiarity which, while problematic in Europe, may hold promise in a US application. Specific issues discussed include the nature and extent of the contaminated land problem, legal implications, regulation in the US, the 1980 Comprehensive Environmental Liability, Compensation and Reclamation Act, European experience and EU environmental policy, integrated comparative analysis and some lessons for the future.Contaminated Land offers valuable insights on policy responses to the problem of badly polluted land from the perspectives of planning, economics and sociology. In particular, this volume offers frameworks for comparison of different national settings to help determine the preferred and most promising approaches to contaminated land in any social, economic and legal policy context.Trade Review'Contaminated Land fills an unserved niche in the literature. Few other books are available on this topic. The book is non-technical, and therefore very accessible. It should be successful in addressing its intended audience, which would include government regulators, people interested in the evolution of environmental issues, and scholars doing comparative analysis of policymaking. . . . this book is well worth reading and makes a substantial contribution to the debate and literature on brownfields redevelopment.'Table of ContentsContents: Introduction 1. The Contaminated Land Problem 2. Dimensions of National Contaminated Land Policy Contexts 3. The Emergence of Environmental Concern and Toxics Policy in the United States 4. The CERCLA Experience and Debates over Change 5. The European Context and European Union Environmental Policy 6. Contaminated Land Policy in the European Union and its Member-States 7. Comparisons and Contrasts: Integrated Comparative Analysis 8. Lessons for Future Contaminated Land Policy: Prospects and Pitfalls

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Book SynopsisModels of sustainable development are increasingly used to address large scale environmental problems ensuring that responses to present day needs do not compromise the prospects of future generations.In this new book a wide range of approaches to modelling sustainable development is examined, including neoclassical, evolutionary, ecological economics and neo-Ricardian models. Recognizing that the application of sustainable development requires the reorientation of economic analysis on several fundamental points, a distinguished group of authors re-examines such key issues as intra- and intergenerational equity, the treatment of the very long-term, the irreversibility of ecological change, fundamental uncertainty and system complexity, and processes of technological change. The achievements and limitations of different models of sustainable development are explored, with particular reference to their value in support of decision-making.Researchers and graduate students in environmental economics will welcome this volume's rigorous approach to environmental sustainability as well as its consideration of a wide range of different modelling approaches and, in particular, the assumptions which sustain them.Trade Review' . . . readers who are interested in learning more about formal approaches to the notion of sustainable development will find some material here that is of interest.' -- Amitrajeet A. Batabyal, KyklosTable of ContentsContents: Introduction Part I: Neoclassical Models Part II: Evolutionary Models Part III: Ecological Economic Models Part IV: Neo-Ricardian Models Index

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Book SynopsisThe strategic management of socio-economic systems is becoming increasingly difficult with traditional economic models which are unable to handle environmental and technological factors. In Evolutionary Dynamics and Sustainable Development, Norman Clark, Francisco Perez-Trejo and Peter Allen offer a new approach which emphasizes the evolutionary nature of socio-economic systems. This major book begins with a critical evaluation of conventional economic approaches to development planning and then explores how modern general systems theory can show economic development as a process of structural change. The discussion includes the use of decision tools which can simultaneously handle spatial and temporal evolution. The authors develop a model which they explore through case studies of both Senegal and Crete. The model is combined with risk analysis to show how it can be used in computer-based scenarios, before its properties as an aid to decision making are summarized in the last chapter.Defining development as a process of structural change in economic systems rather than in terms of economic output, this volume will be welcomed for its advocacy of non-linear models as decision tools and for its special reference to issues of economic development and environmental stability in Third World countries.Trade Review’The discussions in the book do an excellent job of explaining the type of interactive model that will be needed for sustainable development policy.’ -- R.V. O’Neill, Ecological Economics’This book provides a clear and insightful discussion of these issues and is important reading to those concerned with the complexity of cities.’– M. Batty, Environment and PlanningTable of ContentsContents: Preface 1. Modelling Sustainable Development 2. The Nature of Systems 3. Economic Systems 4. Spatial Modelling 5. The Model as a Decision Tool (A Crete Case Study) 6. An Agenda for the Future Appendix References Index

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Book SynopsisThe Economics of Pollution Control in the Asia Pacific adapts environmental economics to the special conditions of the Asia Pacific region, emphasizing the importance of local conditions and culture. Global warming, air pollution and water pollution are all addressed by a distinguished group of authors who rigorously apply economics to the analysis of pollution control in societies undergoing rapid industrialization. As this pioneering volume demonstrates, citizens of rapidly developing Taiwan and Korea are willing to pay substantial amounts for the protection and improvement of air and water quality, and face potentially huge losses from global climate change. A number of the papers also point to some cost effective alternatives for helping to reduce global greenhouse gas emission. As this major book reveals, the make-up of Asian politico-economic systems has a direct impact on environmental policies, from benefit estimation to instrument choice. As the authors argue, policymakers and researchers in the Asia Pacific cannot draw on European and American methods, arguments and conclusions without considerable modification for regional conditions.Trade Review'The coverage is balanced in terms of applied work, theoretical work and political economy. In the chapters devoted to theory, there are useful illustrations of modelling economic actors in the environmental scene. . . . A number of interesting and valuable insights can be obtained from reading the book. . . . In sum, this is a good collection of papers covering both theory and empirical work on environment economics with a strong focus on countries in East Asia. The book can be used by senior undergraduates or graduates taking an environmental economics course. It is highly recommended.'Table of ContentsContents: 1. Asia Pacific Environmental Economics 2. The Impact of Global Warming on Pacific Rim Countries 3. The Framework Convention and Climate Change Policy in Asia 4. The Impact of Climate Change on Rice Yield in Taiwan 5. Acute Health Effects of Major Air Pollutants in Taiwan 6. What is the Value of Reduced Morbidity in Taiwan? 7. Hedonic Housing Values and Benefits of Air Quality Improvement in Taipei 8. Estimation of the Benefit of Air Quality Improvement: An Application of Hedonic Price Technique in Seoul 9. Measuring the Benefits of Air Quality Improvement in Taipei: A Comparison of Contingent Valuation Elicitation Techniques 10. Exploring the Value of Drinking Water Protection in Seoul, Korea 11. Demand for Environmental Quality: Comparing Models for Contingent Policy Referendum Experiments 12. Hierarchical Government, Environmental Regulations, Transfer Payments and Incomplete Enforcement 13. Political Economy and Pollution Regulation: Price Regulation in Open Lobbying Economies 14. Doubtful Merits of Equal-rate Pigovian Taxes and Tradeable Permits in Controlling Global Pollution 15. Difficulty in Enforcing Efficient Prices for Regulating Shiftable Externalities 16. Optimal Environmental Quality Improvement in a Multi-Goods R&D Growth Model Index

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Book SynopsisThe effectiveness and scope of operational analysis of sustainable development is explored in this major new book. Ecological Economics and Sustainable Development offers an integrated treatment of theory, methods and applications for economic-ecological analysis taking into consideration all the relevant interactions between economic, development and physical and biological processes.An overview of different theoretical perspectives, based on insights from economics, ecology and thermodynamics, is followed by discussion of the dimensions of sustainable development including ethics and intergenerational equity, sustainable and multiple use, and spatial sustainability. The second part of the book discusses methods for analysis, covering the choice of indicators, natural resource accounting, and integrated static, dynamic and spatial modelling, and evaluation, including multi-criteria and cost-benefit analysis. Attention is also given to decision support and the choice of policy instruments.Combinations of the various methods are applied in the final part of the book, using case studies which cover a range of ecosystems and regions, as well as a variety of issues and problems. These studies clearly show the potential of policy-oriented integrated economic-ecological analysis for sustainable development.Trade Review'This volume makes no excessive claims for the use of EE in its present form for informing environmental policy. It is refreshingly pragmatic and provides an excellent account of how EE is developing.'Table of ContentsContents: Acknowledgements Preface Part I: Concepts, Theories and Frameworks Part II: Methods for Analysis and Evaluation Part III: Application of Methods–Case Studies References Index

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Book SynopsisContingent valuation analysis is both a difficult and controversial means of environmental resource valuation. Yet many economists regard it as the only valid means of measuring values in environmental policy.This major new book contains a collection of papers that examine the current state-of-the-art in the valuation of environmental resources. In particular, they assess the meaningfulness of environmental resource values obtained through the contingent valuation method. An internationally prominent group of scholars develops a fuller understanding of the strengths and weaknesses of the methodology and discusses a research agenda to improve estimates of environmental resource values. Economic value and the ability to obtain it through the survey measurement of consumer preferences is central to their discussion. Issues covered include the need for a broad perspective in valuation research, support for replication studies, the relationship between survey structure and survey responses, the processes by which environmental resources affect individual well-being, specific issues regarding environmental goods in surveys, and better tests of internal and external validity.The current state-of-the-art is outlined in a series of core papers and then debated in discussion papers. This major book describes how practitioners, critics, and users of contingent valuation have framed the fundamental issues that must be solved if the approach is to gain wider acceptance.Trade Review'. . . the lead papers and the responses do a good job of addressing and advancing the methodological focus. One very nice feature is that the authors often go outside the domain of the "pure economics" literature.'Table of ContentsContents: Acknowledgements Part I: Introduction Part II: Economic Theory and the Contingent Valuation Method Part III: Structural Issues Concerning Contingent Valuation Surveys Part IV: Comparison of Revealed and Stated Preference Methods: Calibration and Comparisons with Choice in Real Markets Part V: Comparison of Revealed and Stated Preferences Methods: Insights from Comparison with Collective Choice Models Part VI: Conclusions References Index

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Book SynopsisAdvanced Principles in Environmental Policy clearly and systematically presents current developments in the economic theory of environmental policy. A key feature is the systematic exposition of the use of mathematical tools in environmental economics.Professor Xepapadeas builds on and extends the basic theoretical framework of environmental policy and pays special attention to the inter-relationships between environmental economics and other branches of economics. He considers dynamic investment theory, industrial organization, international economics and relaxes standard assumptions underlying his basic model. A key feature of this book is a systematic exposition of the use of mathematical tools in environmental economics. Important practical research topics in the theory of environmental policy are presented, including: emission taxes nonpoint source pollution transboundary pollution the link between international trade and environmental policy international environmental cooperation. Advanced Principles in Environmental Policy will provide stimulus for further research in the theory of environmental policy. It will prove essential reading for advanced undergraduate and graduate students in environmental economics as well as for professionals, researchers and policymakers seeking to understand the fundamentals of environmental policy.Trade Review'The books' comprehensive coverage of the latest developments in the field of environmental economics and its clear exposition make it a joy to read and a must for anyone interested in the field.'Table of ContentsContents: 1. Introduction 2. Basic Environmental Policy Framework 3. Stock Externalities, Dynamics and the Design of Environmental Policy 4. Informational Constraints and Nonpoint Source Pollution 5. Environmental Policy and Market Structure 6. The International Dimension of Environmental Policy 7. Mathematical Tools in Environmental Economics Index

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Book SynopsisTom Tietenberg, one of the leading economists working in the field of environmental economics has edited a collection of the most important articles and papers on global warming, which poses major challenges to our economic and political institutions. In this authoritative volume, leading economists bring unusual clarity and insight to the process of understanding these challenges and meets them with pragmatic solutions.Specific topics include: modelling and responding to the unique types of risks posed by global warming; estimating the cost of control and damages from global warming, as well as deriving optimum solutions; debating the appropriate role for discounting; estimating the value of information to reduce the uncertainty; and examining the issues associated with the use of two prominent policy approaches carbon taxes and transferable carbon permits.Few challenges pose a greater threat to our economic and political institutions than global warming. Uncertainty about the consequences of continued greenhouse gas emissions, the temporal and geographic separation of costs and benefits, the potentially enormous cost of making the wrong choices, and the necessity for (and the difficulties of) international cooperation all contribute to the complexity and the significance of the issue. In this book leading economists bring unusual clarity and insight to the process of understanding these challenges and meeting them with pragmatic solutions. Specific topics covered include: modeling and responding to the unique types of risks posed by global warming; estimating the costs of control and damages from discounting, estimating the value of information to reduce the uncertainty, and examining the issues associated with the use of the two most prominent policy approaches - carbon taxes and transferable carbon permits.Trade Review’. . . provides a thorough overview of the contribution of economic theory until 1995 to the debate on global warming. In summary, this book provides a helpful reference for economists working on global warming.’Table of ContentsContents: Part I: General Part II: Damages, Costs and the Search for an Optimal Response A: Damage Estimates B: Cost of Control Estimates C: Deriving Optimal Solutions Part III: The Choice of Instruments A: Carbon Taxes B: Tradeable Permits C: Hedging Strategies Part IV: Ethics and Intergenerational Discounting A: Defining Appropriate Discount Rates B: The Suitability of the Intergenerational Discounting Framework

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Book SynopsisThe complexity of a multi-layered system of government yields a wealth of issues concerning environmental policy making. This important book presents new original work on the problems that arise from the existence of more than one level of government, and discusses the responsibility of federal, state and local government policy making.This theme of government responsibilty for environmental regulation is expanded to consider the coordination of environmental policy across different levels of government. This is directly related to the question of which level of government should bear the costs of implementing environmental policy, if agreement can be reached between various levels of government. Furthermore the contributors discuss whether the policy targets for environmental quality should be uniform or regionally differentiated. They conclude that there is a role for both a federal government and for regional coordination in the design and application of environmental policies. Moreover, that economic integration through a federal system can result in better and more efficient environmental regulation.The Economic Theory of Environmental Policy in a Federal System will be an invaluable resource for academics, policymakers and government officials.Table of ContentsContents: 1. Introduction (J. Braden, E. Feinzaig, S. Proost) 2. The Economic Cycles of Federalism (T.S. Ulen) 3. Intergovernmental Transfers in a Federal System: an Economic Analysis of Unfunded Mandates (K. Segerson, T.J. Miceli, L.-C. Wen) 4. International Environmental Regulation when National Governments act Strategically 5. Environmental Tax Competition – A Simulation Study of Nonsymmetric Countries (K. Conrad) 6. The Welfare Economics of Environmental Regulatory Authority: Two Parables on State vs Federal Control (P. Shapio, J. Petchey) 7. Fiscal Competition and Cooperation in Natural Resource Markets (G.S. Amacher, R.J. Braxee) Index

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Book SynopsisThe majority of societies are facing a conflict between the increasing levels of road traffic congestion, especially during peak hours and in urban areas, and a decline in the social acceptability of road expansion. This has led governments as well as non-governmental organizations to consider other methods of reducing road traffic. This book examines the efficiency and feasibility of the regulation of road traffic congestion in theory and practice, and within the context of social and political feasibility.As long ago as the 1920s it was recognized that road pricing offered an efficient means of handling congested road traffic flows. Since then the severity of traffic congestion has increased so dramatically that it has turned the matter from an academic interest into one of the most serious problems affecting urbanized areas and transport arteries today. Increasing transport levels have other important external costs such as environmental effects, noise annoyance and accidents. As a result the need to find effective means of relieving congestion has become an important issue both at the national and local level. This book examines Pigouvian taxes, the most popular policy prescription among economists, as well as considering a variety of other policies which may be more politically and socially acceptable. The contributors discuss alternatives to Pigouvian taxes, as well as congestion and urban development, congestion pricing and road infrastructure investment, and road pricing and urban sustainability. This important and timely book will become an essential reference source for policymakers at the national and local level as well as academics and postgraduate students interested in transport economics and environmental economics.Trade Review'. . . I would recommend this book to those concerned with the field and stress the usefulness of the last section.'Table of ContentsContents: Part I: Theory and Practice before and after Pigou Part II: Efficiency Aspects and Second-Best Policies Part III: Political and Social Feasibility Index

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

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Book SynopsisThis major reference book comprises specially commissioned surveys in environmental and resource economics written by an international team of experts. Authoritative yet accessible, each entry provides a state-of-the-art summary of key areas that will be invaluable to researchers, practitioners and advanced students. The handbook contains 79 chapters distributed over 10 main sections: introduction economics of natural resources economics of environmental policy international aspects of environmental economics and policy space in environmental economics environmental macroeconomics• economic valuation and evaluation interdisciplinary issues methods and models in environmental and resource economics prospects Aside from being the most extensive survey of environmental and resource economics available today, the handbook contains several special and unique features. Five of the ten main sections cover topics that are addressed marginally or not at all in previous handbooks or other surveys. Moreover, in addition to overviews of the standard (neoclassical) approach, the book covers core elements of ecological economics in the section on interdisciplinary issues, with a separate chapter comparing neoclassical and ecological economics. The first section includes an introduction and summary of the handbook, as well as a chapter with a historical survey of environmental economics. The final section covers future areas of research from both monodisciplinary and multidisciplinary perspectives. At a chapter level the handbook addresses, in addition to standard topics, both less common and recent topics in environmental and resource economics. These include cartels in resource extraction, trade in resources, indicators of resource scarcity, endogenous risk, policy in imperfect markets, transaction costs, the double dividend of ecotaxation, distribution issues, ethics and policy, ethics and valuation, strategic trade, endogenous locations, endogenous growth theory, environmental Kuznets curves, sustainability and sustainable development, the meaning of thermodynamics, analysis of materials flows, the relevance of ecological theory, multi-criteria analysis, computable general equilibrium models, decomposition methods, and ecological economics. Traditional topics are surveyed as well, for instance, externalities, instrument choice, nonrenewable resource extraction, fishery economics, water use, the growth debate, valuation methods and cost-benefit analysis. A final main advantage of the handbook is that the extensive sub-divisions into topics means that the surveys offer an advanced treatment whilst being concise, authoritative and accessible.Trade Review'This is a splendid book. . . It is the ideal book for the indolent PhD student and academic alike. For the former, with a little creative and judicious re-packaging, it will yield at least half of the literature review of any thesis; for the latter, it will provide near instant erudition in fields far removed from ones own speciality. . . Because of its encyclopaedic character, it also tells us something about our profession as a whole and how we work. . . a word of appreciation to the editor of this volume. All of the 79 articles were commissioned pieces, written by 92 authors, each reviewed by 2 anonymous reviewers, revised and re-submitted. Any reader who has edited a commissioned volume will appreciate the majesty and miraculous nature of this achievement.'Table of ContentsContents: Preface Part I: Introduction 1. An Overview of Environmental and Resource Economics (J.C.J.M. van den Bergh) 2. A Short History of Environmental and Resource Economics (T.D. Crocker) Part II: Economics of Natural Resources 3. Optimal Extraction of Non-Renewable Resources (C.Withagen) 4. Imperfect Competition in Natural Resource Markets (C.Withagen and A. de Zeeuw) 5. Economics of Mining Taxation (P.A. Neher) 6. International Trade and Natural Resources (N. Van Long) 7. Indicators of Natural Resource Scarcity: A Review and Synthesis (C.J. Cleveland and D.I. Stern) 8. Renewable Resources: Fisheries (C.W. Clark) 9. Renewable Resources: Forestry (T. Aronsson and K.-G. Löfgren) 10. The Economics of Water Use (D. Zilberman and L. Lipper) 11. Agriculture and the Environment (J.S. Shortle and D.G. Abler) 12. Economics of Energy (J. Willem and E. Worrell) Part III: Economics of Environmental Policy 13. Externalities (E.T. Verhoef) 14. Endogenous Environmental Risk (T.D. Crocker and J.F. Shogren) 15. Standards versus Taxes in Pollution Control (G.E. Helfand) 16. Imperfect Markets, Technological Innovation and Environmental Policy Instruments (C. Carraro) 17. Environmental Policy and Transaction Costs (K. Krutilla) 18. Tradable Permits in Economist Theory (P. Koutstaal) 19. Lessons from Using Transferable Permits to Control Air Pollution in the United States (T. Tietenberg) 20. The Double Dividend of an Environmental Tax Reform (R.A. de Mooij) 21. Practical Considerations and Comparison of Instruments of Environmental Policy (C.S. Russell and P.T. Powell) 22. Public Economics and Environmental Policy (S. Proost) 23. Positive Analyses of Instrument Choice in Environmental Policies (F.J. Dietz and H.R.J. Vollebergh) 24. Equity in Environmental Policy: An Application to Global Warming (A. Rose and S. Kverndokk) 25. Distributional Issues: An Overview (J. Martinez-Alier and M. O’Connor) Part IV: International Aspects of Environment Economics and Policy 26. Environmental Policy in Open Economies (M. Rauscher) 27. Partial Equilibrium Models of Trade and the Environment (K. Krutilla) 28. General Models of Environmental Policy and Foreign Trade (K. Steininger) 29. Strategic Environmental Policy and Foreign Trade (A.M. Ulph) 30. Environment, International Trade and Development (H. Verbruggen) 31. Environmental Conflict, Bargaining and Cooperation (C. Carraro) 32. Transboundary Environmental Problems (M. Hoel) 33. Economic Analysis of Global Environmental Issues: Global Warming, Stratospheric Ozone and Biodiversity (D. Pearce) 34. Tax Instruments for Curbing Co2 Emissions (S. Smith) Part V: Space in Environmental Economics 35. Environmental and Regional Economics (P. Nijkamp) 36. Non-point Source Pollution Control (A. Xepapadeas) 37. Land Use and Environmental Quality (W.B. Meyer) 38. Urban Sustainability (D. Banister) 39. Location Choice, Environmental Quality and Public Policy (J.R. Markusen) 40. Transport and the Environment (K.J. Button and P. Rietveld) Part VI: Environmental Macroeconomics 41. Environment in Macroeconomic Modelling (E.C. van Ierland) 42. Endogenous Growth Theory and the Environment (S. Smulders) 43. A Pro-growth Perspective (W. Beckerman) 44. Steady-state Economics: Avoiding Uneconomic Growth (H.E. Daly) 45. An Assessment of the Growth Debate (J.C.J.M. van den Bergh and R.A. de Mooij) 46. The Environmental Kuznets Curve Hypothesis (S.M. de Bruyn and R.J. Heintz) 47. Growth-oriented Economic Policies and their Environmental Impact (M. Munasinghe) 48. The Biophysical Basis of Environmental Sustainability (R. Goodland) 49. Indicators of Sustainable Development (O.J. Kuik and A.J. Gilbert) 50. Development, Poverty and Environment (E.B. Barbier) Part VII: Economic Valuation and Evaluation 51. Theory of Economic Valuation of Environmental Goods and Services (P.-O. Johansson) 52. Recreation Demand Models for Environmental Valuation (C.L. Kling and J.R. Crooker) 53. Hedonic Models (R.B. Palmquist) 54. Contingent Valuation (B. Kristöni) 55. Meta-analysis, Economic Valuation and Environmental Economics (J.C.J.M. van den Bergh and K.J. Button) 56. Valuation and Ethics in Environmental Economics (R.K. Blamey and M.S. Common) 57. Cost–benefit Analysis of Environmental Policy and Management (N. Hanley) 58. Multi-criteria Methods for Quantitative and Fuzzy Evaluation Problems (R. Janssen and G. Munda) Part VIII: Interdisciplinary Issues 59. Physical Principles and Environmental Economic Analysis (M. Ruth) 60. Materials, Economics and the Environment (R.U. Ayres) 61. Ecological Principles and Environmental Economic Analysis (R. Folke) 62. Industrial Metabolism and the Grand Nutrient Cycles (R.U. Ayres) 63. Indicators of Economic and Ecological Health (B. Hannon) 64. EMERGY, Value, Ecology and Economics (R.A. Herendeen) 65. Evolution, Environment and Economics (J.M. Gowdy) 66. Ethical Perspectives and Environmental Policy Analysis (H. Glasser) 67. Environmental and Ecological Economics Perspectives (R.K. Turner) Part IX: Methods and Models in Environmental and Resource Economics 68. Input–Output Analysis, Technology and the Environment (F. Duchin and A.E. Steenge) 69. Computable General Equilibrium Models for Environmental Economics and Policy Analysis (K. Conrad) 70. Game Theory in Environmental Policy Analysis (H. Folmer and A. de Zeeuw) 71. Optimal Control Theory in Environmental Economics (T. Feenstra, H. Cesar and P. Kort) 72. Economic Models of Sustainable Development (J.C.J.M. van den Bergh and M.W. Hofkes) 73. Energy–Economy–Environment Models (S. Faucheux and F. Levarlet) 74. Decomposition Methodology in Energy Demand and Environmental Analysis (B.W. Ang) 75. Input–Output Structural Decomposition Analysis of Energy and the Environment (A. Rose) 76. Experiments in Environmental Economics (J.F. Shogren and T.M. Hurley) 77. Natural Resource Accounting (S. El Serafy) Part X: Prospects 78. Impacts of Economic Theories on Environmental Economics: Prospects (D. Siniscalco) 79. Integration and Communication between Environmental Economics and other Disciplines (J.L.R. Proops) Index

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Book SynopsisThis major authoritative collection prepared by leading figures from North America and Europe presents a careful selection of the most important published articles and papers on ecological economics.Ecology and economics have developed as separate disciplines throughout their recent histories in the twentieth century. A signal contribution of this important collection is that it brings these different traditions together and successfully integrates the natural and social sciences in a volume that will be indispensable to anyone interested in ecological economics.This unique volume contains both classics in the field and contemporary research and gives a coherent picture of the development of the major threads in ecological economics.This collection is a "sampler" in the transdiciplinary field of ecological economics which paints a coherent picture of the development of some of the major threads in this new endeavour. It consists of a selection of both classics in the field and contemporary research, and is intended both for formal courses in ecological economics and for interested independent readers. The book contains 43 papers divided into six sections: 1. Historical Roots and Motivations; 2. Basic Organizing Principles of Ecological Economics; 3. Material and Energy Flows in Ecological and Economic Systems: Theory and Applications; 4. Accounting for Natural Capital, Ecological Limits, and Sustainable Scale; 5. Valuation of Ecological Services; and 6. Integrated Ecological Economic Modeling and Assessment.Trade Review' . . . by including a vast number of papers that are generally reflective of the historical and the current state of the subject, the editors have - for the most part - succeeded in providing a useful reference on the development of ecological economics. The acquisition of this book is likely to benefit libraries and active researchers in ecological economics the most.' -- Amitrajeet A. Batabyal, KyklosTable of ContentsIntroduction Part I: Historical Roots and Motivations 1. Kenneth E. Boulding (1966), 'The Economics of the Coming Spaceship Earth', in Henry Jarrett (ed.), Environmental Quality in a Growing Economy, Baltimore MD: Resources for the Future/Johns Hopkins University Press, 3-14. (12) 2. Herman E. Daly (1968), 'On Economics as a Life Science', Journal of Political Economy, 76, 392-406. (15) 3. C.W. Clark (1973), 'The Economics of Overexploitation', Science, 181, 630-34. (5) 4. Juan Martinez-Alier (1987), 'Introduction', in Ecological Economics: Energy, Environment, and Society, Chapter 1, Cambridge MA: Blackwell, 1-19. (19) 5. C.J. Cleveland (1987), 'Biophysical Economics: Historical Perspective and Current Research Trends', Ecological Modeling, 38, 47-74. (28) 6. Paul P. Christensen (1989), 'Historical Roots for Ecological Economics – Biophysical Versus Allocative Approaches', Ecological Economics, 1, 17-36. (20) Part II: Basic Organizing Principles of Ecological Economics 7. C.S. Holling (1986), 'The Resilience of Terrestrial Ecosystems: Local Surprise and Global Change', in William C. Clark and R.E. Munn (eds), Sustainable Development of the Biosphere, Chapter 10, Cambridge: Cambridge University Press, 292-317. (26) 8. John L.R. Proops (1989), 'Ecological Economics: Rationale and Problem Areas', Ecological Economics, 1, 59-76. (18) 9. Richard B. Norgaard (1989), 'The Case for Methodological Pluralism', Ecological Economics, 1, 37-57. (21) 10. Mick Common and Charles Perrings (1992), 'Towards an Ecological Economics of Sustainability', Ecological Economics, 6 (1), July, 7-34. (28) 11. Herman E. Daly (1992), 'Allocation, Distribution, and Scale: Towards an Economics that is Efficient, Just, and Sustainable', Ecological Economics, 6, 185-93. (9) 12. Robert Costanza, Lisa Wainger, Carl Folke and Karl-Göran Mäler (1993), 'Modeling Complex Ecological Economic Systems: Toward an Evolutionary, Dynamic Understanding of People and Nature', BioScience, 43 (8), September, 545-55. (11) Part III: Material and Energy Flows in Ecological and Economic Systems: Theory and Applications 13. H.T. Odum and R.C. Pinkerton (1955), 'Time's Speed Regulator: The Optimum Efficiency for Maximum Power Output in Physical and Biological Systems', American Scientist, 43, 334-43. (13) 14. N. Georgescu-Roegen (1973), 'The Entropy Law and the Economic Problem', in H.E. Daly (ed.), Economics, Ecology, Ethics: Essays Toward a Steady-State Economy, San Francisco: W.H. Freeman, 49-60. (12) 15. Bruce Hannon (1973), 'The Structure of Ecosystems', Journal of Theoretical Biology, 41, 535-46. (12) 16. Robert U. Ayres (1978), 'Application of Physical Principles to Economics', in Resources, Environment, and Economics: Applications of the Materials/Energy Balance Principle, Chapter 3, New York: John Wiley & Sons, 37-71. (35) 17. C.J. Cleveland, R. Costanza, C.A.S. Hall and R. Kaufmann (1984), 'Energy and the United States Economy: A Biophysical Perspective', Science, 225, 890-97. (8) 18. Charles Perrings (1986), 'Conservation of Mass and Instability in a Dynamic Economy-Environment System', Journal of Environmental Economics and Management, 13, 199-211. (13) 19. C.J. Cleveland and R.K. Kaufmann (1991), 'Forecasting Ultimate Oil Recovery and its Rate of Production: Incorporating Economic Forces into the Models of M. King Hubbert', The Energy Journal, 12, 17-46. (30) 20. David I. Stern (1993), 'Energy and Economic Growth in the USA: A Multivariate Approach', Energy Economics, 15 (2), April, 137-50. (15) 21. Matthias Ruth (1995), 'Information, Order and Knowledge in Economic and Ecological Systems: Implications for Material and Energy Use', Ecological Economics, 13 (2), May, 99-114. (16) Part IV: Accounting for Natural Capital, Ecological Limits and Sustainable Scale 22. Peter Vitousek, Paul R. Ehrlich, Anne H. Ehrlich and Pamela A. Matson (1986), 'Human Appropriation of the Products of Photosynthesis', BioScience, 36 (6), June, 368-73. (6) 23. Herman E. Daly and John B. Cobb, Jr. (1990), 'Misplaced Concreteness: Measuring Economic Success', in For the Common Good: Redirecting the Economy Toward Community, the Environment, and a Sustainable Future, Chapter 3, London: Green Print, Merlin Press, 62-84. (23) 24. Salah El Serafy (1991), 'The Environment as Capital', in Robert Costanza (ed.), Ecological Economics: The Science and Management of Sustainability, Chapter 12, New York: Columbia University Press, 168-75. (8) 25. Peter A. Victor (1991), 'Indicators of Sustainable Development: Some Lessons from Capital Theory', Ecological Economics, 4, 191-213. (23) 26. Karl-Göran Mäler (1991), 'National Accounts and Environmental Resources', Environmental and Resource Economics, 1 (1), 1-15. (15) 27. Robert Costanza and Herman E. Daly (1992), 'Natural Capital and Sustainable Development', Conservation Biology, 6 (1), March, 37-46. (10) 28. G. Daily and P.R. Ehrlich (1992), 'Population, Sustainability, and Earth's Carrying Capacity', BioScience, 42, 761-71. (11) 29. Robert K. Kaufmann (1995), 'The Economic Multiplier of Environmental Life Support: Can Capital Substitute for a Degraded Environment?', Ecological Economics, 12 (1), January, 67-79. (12) 30. Kenneth Arrow, Bert Bolin, Robert Costanza, Partha Dasgupta, Carl Folke, C.S. Holling, Bengt-Owe Jansson, Simon Levin, Karl-Göran Mäler, Charles Perrings and David Pimentel (1995), 'Economic Growth, Carrying Capacity, and the Environment', Science, 268, 28 April, 520-21. (2) Part V: Valuation of Ecological Services 31. Robert Costanza, Stephen C. Farber and Judith Maxwell (1989), 'Valuation and Management of Wetland Ecosystems', Ecological Economics, 1, 335-61. (27) 32. Rudolf S. de Groot (1994), 'Environmental Functions and the Economic Value of Natural Ecosystems', in Ann Mari Jansson, Monica Hammer, Carl Folke and Robert Costanza (eds), Investing in Natural Capital: The Ecological Economics Approach to Sustainability, Chapter 9, Washington DC: Island Press, 151-68. (18) 33. J. Larsson, C. Folke and N. Kautsky (1994), 'Ecological Limitations and Appropriation of Ecosystem Support by Shrimp Farming in Colombia', Environmental Management, 18, 663-76. (14) 34. Clive L. Spash and Nick Hanley (1995), 'Preferences, Information and Biodiversity Preservation', Ecological Economics, 12 (3), March, 191-208. (18) 35. Gail Bingham, Richard Bishop, Michael Brody, Daniel Bromley, Edwin (Toby) Clark, William Cooper, Robert Costanza, Thomas Hale, Gregory Hayden, Stephen Kellert, Richard Norgaard, Bryan Norton, John Payne, Clifford Russell and Glenn Suter (1995), 'Issues in Ecosystem Valuation: Improving Information for Decision Making', Ecological Economics, 14, 73-90. (18) Part VI: Integrated Ecological Economic Modeling and Assessment 36. L.C. Braat and W.F.J. van Lierop (1987), 'Integrated Economic-Ecological Modeling', in L.C. Braat and W.F.J. van Lierop (eds), Economic-Ecological Modeling, Amsterdam: North-Holland, 49-68. (20) 37. Robert Costanza, Fred H. Sklar and Mary L. White (1990), 'Modeling Coastal Landscape Dynamics: Process-based Dynamic Spatial Ecosystem Simulation can Examine Long-term Natural Changes and Human Impacts', BioScience, 40 (2), February, 91-107. (17) 38. Kimberly Anne Baker, M. Siobhan Fennessy and William J. Mitsch (1991), 'Designing Wetlands for Controlling Mine Drainage: An Ecologic-Economic Modelling Approach', Ecological Economics, 3, 1-24. (24) 39. C.A.S. Hall and M.H.P. Hall (1993), 'The Efficiency of Land and Energy Use in Tropical Economies and Agriculture', Agriculture, Ecosystems, and the Environment, 46, 1-30. (30) 40. Faye Duchin and Glenn-Marie Lange (1994), 'Strategies for Enviromentally Sound Economic Development', in Ann-Mari Jansson, Monica Hammer, Carl Folke and Robert Costanza (eds), Investing in Natural Capital: The Ecological Economics Approach to Sustainability, Chapter 15, Washington DC: Island Press, 250-65. (16) 41. H. Jack Ruitenbeek (1994), 'Modelling Economy-Ecology Linkages in Mangroves: Economic Evidence for Promoting Conservation in Bintuni Bay, Indonesia', Ecological Economics, 10 (3), 233-47. (15) 42. Jianguo Liu, Fred W. Cubbage and H. Ronald Pulliam (1994), 'Ecological and Economic Effects of Forest Landscape Structure and Rotation Length: Simulation Studies Using ECOLECON', Ecological Economics, 10 (3), 249-63. (15) 43. N. Bockstael, R. Costanza, I. Strand, W. Boynton, K. Bell and L. Wainger (1995), 'Ecological Economic Modeling and Valuation of Ecosystems', Ecological Economics, 14 (2), 143-59. (17)

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Book SynopsisAsian nations increasingly have to balance energy needs with environmental impacts and economic growth. These critical issues for the development of Asian nations and the quality of life of their citizens are extensively addressed in this major new volume which focuses on research and policy perspectives.A distinguished group of researchers from Asia, Europe and North America, focuses on Asian initiatives on global and regional environmental problems, the impact of energy and environment on development and international trade in Asia, the problems associated with siting major energy facilities, the Asian green movement and public reaction to environmental degradation, and the role of communities in achieving a balance between energy, environment and economics.Researchers and policymakers, public policy and management researchers and environmentalists will welcome this important book which addresses the key issue of balancing the conflicting objectives of energy planning, environmental management and economic development.Trade Review'This book is useful for those who want to better understand the complexity of development dilemmas in Asia. It can be used as a reference book for university students, researchers, industrial practitioners, and policymakers who are interested, or involved, in Asian development. . . Because of the extensive involvement of the local experts in the study, this book bears a unique value in telling the inside stories of energy, environment and economic interactions in Asia.' -- Lin Gan, IIASA, AustriaTable of ContentsContents: Preface Part I: Energy and Environment in International Perspective Part II: Balancing Economic Development and Environment Part III: The Public: Client or Decision-Maker? Part IV: Industry: Partner or Culprit? Index

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Book SynopsisEconomic Policy for the Environment and Natural Resources presents some of the most important recent work on the theory and application of environmental policy at both the national and international level. At the national level it focuses on instruments for pollution control. At the international level it discusses measures to promote international cooperation for the protection of the environment.This book covers a wide range of major issues including the legal aspects of environmental protection, environmental policy under oligopolistic conditions, voluntary agreements as a policy instrument, participation in international coalitions and environmental policy in dynamic trade models. In discussing the applications of environmental policy, it includes issues such as the profitability of emission saving techniques, water management and acid rain models.This book will be essential reading for both policymakers and professional economists who are concerned with environmental policy.Trade Review’. . . this book is a collection of several excellent essays.’- Environmental Conservation -- ’. . . the book is important and the analysis presented in the individual papers is cogent.’- Amitrajeet A. Batabyal, Utah State University, USTable of ContentsContents: Preface Introduction 1. Environmental Protection, Producer Insolvency and Lender Liability (M. Boyer, J.-J. Laffont) 2. Environmental Feedbacks and Optimal Taxation in Oligopoly (C. Carraro, A. Soubeyran) 3. Environmental R&D, Spillovers and Optimal Policy Schemes Under Oligopoly (Y. Katsoulacos, A. Xepapadeas) 4. Voluntary Agreements in Environmental Policy: A Theoretical Appraisal (C. Carraro, D. Siniscalco) 5. Environmental Policy and the Choice of the Best Available Technology: An Empirical Assessment (M. Boetti, M. Botteon) 6. Managing Common Access Resources under Production Externalities (A. Xepapadeas) 7. Issue Linkage in Global Environmental Problems (H. Cesar, A. de Zeeuw) 8. Reflections on Multilateral Environmental Agreements (F. Stähler) 9. Standards Versus Taxes in a Dynamic Duopoly Model of Trade (T. Feenstra, P. Kort, P. Verheyen, A. de Zeeuw) 10. International Negotiations on Acid Rain in Northern Europe: A Discrete Time Iterative Process (M. Germain, P. Toint, H. Tulkens) Index

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Book SynopsisTowards Sustainable Project Development is an important new book which addresses the sustainability of development projects from an environmental as well as from a human resources perspective. It extends beyond the traditional concentration on economic issues, and is highly focused on practical experience, research, and operational analysis.In this book an outstanding group of international contributors explores sustainable project development in three main ways. It begins by considering environmental sustainability for development projects both methodologically and in practical policy terms, with emphasis on incorporating environmental policies more effectively into development programmes. The discussion develops to examine the success of projects in relation to approaches to human resource development and how the planning process is transformed into a manageable reality. Special emphasis is placed on managerial effectiveness as a key requirement for sustainable project initiatives. Finally the authors explore, with the aid of country case studies, the extent to which donors and recipients have developed their approaches to project and programme development and consider the opportunity for long term sustainability of development projects.This outstanding book will be invaluable to undergraduate and postgraduate students of development studies, to project and programme planners and managers, officials of international organizations and government departments.Table of ContentsContents: Introduction Part I: Environmental Sustainability Part II: Projects, People and Process Part III: Towards Sustainable Development - Perspectives and Practice Index

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Book SynopsisThe crisis of environmental degradation has createcharemd an immense volume of literature which focuses on controlling environmental problems. Economic Rights and Environmental Wrongs goes one step further to extend and complement the current debates. Using property rights the book examines the causes and possible solutions to environmental and resource degradation. Written in a non-technical, reader-friendly style the book also offers: numerous examples and case studies an up-to-date list of world wide web sites relevant to the subject a detailed glossary of environmental and economic terms a guide to the literature at the end of every chapter Economic Rights and Environmental Wrongs is an essential supplementary text for undergraduates and postgraduates studying environmental and natural resource management, environmental studies, ecology, environmental science, environmental economics, agricultural economics and geography.Trade Review'This is an excellent book, both clearly written and lively . . . We therefore wholeheartedly recommend this book to anyone. . .'Table of ContentsContents: Preface 1. Environmental Wrongs 2. Externalities and the Environment 3. Property Rights for Pollution 4. Property Rights for Natural Resources 5. Controlling Environmental Degradation without Property Rights 6. Property Rights for the Common Good References Index

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Book SynopsisControlling Pollution in Transition Economies examines and evaluates the recent experience of implementing pollution charges and the use of environmental permits in Central and Eastern Europe and Russia.The book focuses on controlling point-source air and water pollution. It describes and analyses the experience of implementing pollution charges and fines, and the interactions of these fiscal instruments with systems of pollution permits. The ten country case studies have been written by specialists who have been or are actively involved with the development or revision of pollution charges. Based on the experience of these countries, general conclusions are drawn for implementing pollution charge systems in other contexts. This book will encourage new theoretical and empirical work on the problem of implementing economic instruments (pollution charges), in combination with 'command-and-control' instruments (pollution permits).Practitioners and policy analysts as well as graduate students, academics, researchers and environmental consultants will find this book an important contribution to the existing literature.Trade Review'The book is certainly a valuable read, and from both theoretical and practical sides it provides much background material and information useful for policymakers as well as scientific debate.'Table of ContentsContents: Environmental Policy in the Making: Lessons from Central and Eastern Europe and the former Soviet Union 1. Controlling Pollution in Transition Economies: Introduction to the Book and Overview of Economic Concepts (B.A. Larson and R. Bluffstone) 2. A Survey of Pollution Charge Systems and Key Issues in Policy Design (J. Vincent and S. Farrow) 3. Estonia’s Mixed System of Pollution Permits, Standards and Charges (L. Gornaja, E. Kraav, B.A. Larson and K. Türk) 4. Implementing Pollution Permits and Charges in Latvia (J. Brunenieks, A. Kozlovska and B.A. Larson) 5. The Lithuanian Pollution Charge System: Evaluation and Prospects for the Future (D. Semènienè, R. Bluffstone and L. Cekanavucius) 6. Pollutions Charges in Russia: The Experience of 1990–1995 (M. Kozeltsev and A. Markandya) 7. Integration of Pollution Charge Systems with strict Performance Standards: The Experience of the Czech Republic (Z. Stepanek) 8. Environmental Emission Charges ad Air Quality Protection in Hungary: Recent Practice and Future Prospects (G.E. Morris, J. Tiderenczl and P. Kovács) 9. Environmental Charges in Poland (G.D. Anderson and B. Fiedor) 10. Implementation of Pollution Charge Systems in a Transition Economy: The Case of Slovakia (T.H. Owen, J. Myjvec and D. Jassikova) 11. Implementation of Pollution Charges and Fines in Bulgaria (N. Matev and N.I. Novov 12. The Road to Creating an Integrated Pollution Charge and Permitting System in Romania (C.F. Zinnes) 13. Implementing Pollution Permit and Charge Systems in Transition Economies: A Possible Blueprint (R.Bluffstone and B.A. Larson) Index

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Book SynopsisContingent Valuation and Endangered Species provides a comprehensive and rigorous examination of the contingent valuation method as applied to the profound social problem of biodiversity conservation.The contingent valuation method allows the explicit identification and valuation of the non-use values of species in a way which has not been possible before. This new book offers a rigorous state-of-the-art evaluation of the theoretical and statistical issues central to the contingent valuation method as well as a hands-on account of the design, implementation and analysis of contingent valuation surveys of the benefits of species conservation. Contingent Valuation and Endangered Species includes a comprehensive account of efforts at endangered species protection in Australia and New Zealand as well as current developments in the United States.This comprehensive appraisal of the problems and economics of biodiversity conservation will be welcomed by researchers and practitioners as an explicit hands-on application of the contingent valuation method.Trade Review'The main strength of the book is the fact that not one but ten sub-surveys were conducted. . . . As a result, one can illustrate many of the important issues relating to contingent valuation techniques within a single study, a fact that has been appreciated by graduate students on courses where I have used the book.'Table of ContentsContents: Foreword (M. Hanemann) Part I: Environmental Values: The Institutional and Biological Setting for Species Conservation 1. Introduction 2. The Institutional Setting: The Victorian Flora and Fauna Guarantee Act 3. Endangered Species in Victoria Part II: Welfare Economic Principles of Species Conservation 4. Welfare Economic Principles and Issues 5. The Economics of Species Conservation Part III: The Contingent Valuation Method 6. The Contingent Valuation Method 7. Estimating Changes in Welfare from Discrete Choice Surveys Part IV: The Survey Application to Species Conservation 8. A Contingent Valuation Survey of Endangered Species in Victoria 9. Estimation of Willingness to Pay Part V: Conclusions 10. Conservation Value: Estimation and Methodological Inference 11. From Contingent Valuation to Species Conservation Policy References Subject Index

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Book SynopsisEconomics of Ecological Resources presents new or recently published work on ecological economies, sustainability, poverty, resource degradation and decision-making under uncertainty.The book explores the allocation of resources in jointly determined ecological-economic systems. An introductory chapter examines the work of other major contributors to the field of ecological economics and introduces Professor Perrings's work and the material in this volume. The first of three parts is concerned with the dynamics of joint systems and with the implications for the control and conservation of ecological resources. The second part focuses on the conditioning effect of the economic environment on private decisions in low income resource-dependent economies. The final part considers the way that decision makers handle the uncertainty that is an integral feature of the evolution of the ecological-economic system.Economics of Ecological Resources will be of interest to academics, researchers and students of ecological and environmental economics.Trade Review'Perrings' book is a well edited, and presented, integrated work based upon nine of his articles and book chapters published between 1989 and 1995.' -- Clive L. Spash, Environmental ValuesTable of ContentsContents: Introduction Part I: The Control and Sustainablity of Ecological–Economic Systems Part II: The Economic Environment and Ecological Change Part III: Uncertainty, Innovation and Choice Postscript: Ecology, Economics and Ecological Economics Index

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Book SynopsisOne of the basic issues of accounting is to augment, or extend the conventional net national product measure so as to obtain a better indicator of welfare. This book extends the usual analysis of social accounting by including technological change, externalities and uncertainty.This important new book analyses welfare measurement, sustainability and 'green accounting' within general equilibrium models. A large part of the book is devoted to welfare measurement in the presence of technological change and external effects which complicate 'green accounting' to a considerable extent. In addition to environmental externalities, the authors also discuss external effects arising from investments in human capital and their implications for welfare measurement. Other areas examined are welfare measurement under uncertainty and examples of cost-benefit analyses of environmental and other policies.The book will be required reading for graduate students and professional economists interested in macroeconomics, environmental and resource economics.Trade Review'This is definitely a book for graduate students and researchers in the field, as a large number of different economic theories are drawn upon. . . . The book is well structured; the reader is led through the concepts, issues and theories in a logical order, with each chapter leading neatly on from and building upon the ideas presented in the previous chapters.'Table of ContentsContents: 1. Introduction 2. Introducing Dynamic Models and Welfare Indices 3. A Dynamic General Equilibrium Model 4. Welfare Measures under Technological Change and Externalities 5. Human Capital – A Recent Issue in ‘Practical’ National Accounting 6. Sustainable Development and its Relation to Welfare Measures 7. A Smörgasbord of Topics 8. Welfare Measurement under Uncertainty 9. Afterwords References Index

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Book SynopsisThe Economics of Environmental Degradation provides an institutional economics approach to analyse the underlying causes of continuing environmental degradation: poverty, population, poor policies and trade.After a critical, up-to-date survey of the most recent literature, the authors consider whether there is some common or deeper explanation of environmental degradation. They conclude that a problem results whenever human exploitation of the environment outruns the capacity of human institutions to adapt and to evolve methods for managing exploitation. Environmental degradation will persist because it is the static result of the ongoing dynamic contest between opportunistic individuals and institutional adaptation. The book assumes no prior knowledge of economics or the environment and will appeal to a wide readership of policymakers and students with a background in economics, geography, conservation biology, environmental studies and development studies.Trade Review'The multidisciplinary nature of environmental degradation and sustainable development is such that the volume may appeal to earth scientists and life scientists, and this review is directed towards this potential readership, which might be unfamiliar with the economists' perspectives. . . a useful volume for anyone wanting to understand more about how economists analyse the problems of environmental degradation and conceptualize associated policy issues.'Table of ContentsContents: Preface 1. The Economics of Environmental Degradation: An Institutional Approach (T.M. Swanson) 2. Market Failure and Environmental Degradation (R. Mason) 3. Policy Failure and Resource Degradation (T.M. Swanson, R. Cervigni) 4. The Causes of Environmental Degradation: Population, Scarcity and Growth (R. Serra) 5. Poverty and Degradation (M. Rogers) 6. Societal Poverty: Indebtedness and Degradation (M. Rogers) 7. International Trade and Environmental Quality (N. Johnstone) Conclusion: Tragedy for the Commons? (T.M. Swanson) Index

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Book SynopsisTomasz Zylicz's book is an important contribution to the debate on how to finance sustainable development in transitional economies. Using Poland as an example, the author shows how sustainable development may be possible if the economic value of natural capital is accounted for.The book studies examples of natural capital in Poland, identifies the beneficiaries of these natural assets, and discusses ways to reimburse those who own, steward or live within these assets (such as the national parks). With its focus firmly on environmental assets, rather than disruption and crises in the Central and Eastern environment, the author reports on a number of nature protection studies including economic valuation surveys, species reintroduction projects, and the financing of national park services. Regional and international contexts of the local natural heritage are highlighted. Tomasz Zylicz uses the example of Poland to frame wider theories and conclusions on how to preserve and enhance the natural capital in transition economies.Political, environmental and natural resource economists and environmental scientists, as well as NGOs and policymakers will find this book illuminating reading.Table of ContentsContents: Introduction 1. Poland’s Natural Heritage 2. The Country’s System of Nature Protection 3. Winners and Losers in Nature Protection 4. Experimenting with Valuation Techniques 5. The Value of a Species 6. Whose Heritage is That? References Index

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Book SynopsisThis important new book is an extensive, yet concise overview which critically surveys the application of economic valuation techniques to environmental problems in less developed countries. The authors argue that economic valuation has just as important a role to play in the developing as in the developed world in valuing environmental resources and change. Additionally, the information which such techniques provide is invaluable when helping to devise sound environmental policies. The book demonstrates that economic valuation is of extreme importance in raising the profile of the environmental aspects of development initiatives and policies, and that the application of economic valuation is both widespread and successful in developing countries.This book will be essential reading for professional environmental economists, particularly those working in the developing world, project appraisal analysts, policymakers in development organizations and graduate students of development and environmental economics.Trade Review'This collection is an extensive, yet concise, overview that critically surveys the application of economic valuation techniques to environmental problems in less developed countries.'Table of ContentsContents: 1. Introduction 2. Economic Valuation Methodology 3. Selected Case Studies in Economic Valuation 4. Guidelines for Economic Valuation 5. Problems with Applying Valuation Techniques in Developing Economies 6. Annotated Bibliography Index

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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