{"product_id":"economics-and-the-environment-9781119693505","title":"Economics and the Environment","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 Four Economic Questions About Climate Change 2\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 Introduction 2\u003c\/p\u003e \u003cp\u003e1.2 Four Questions 3\u003c\/p\u003e \u003cp\u003e1.3 How Much Pollution is Too Much? 6\u003c\/p\u003e \u003cp\u003e1.4 Is Government Up to the Job? 11\u003c\/p\u003e \u003cp\u003e1.5 How Can We Do Better? 11\u003c\/p\u003e \u003cp\u003e1.6 Can We Resolve Global Issues? 14\u003c\/p\u003e \u003cp\u003e1.7 Summary 15\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I How Much Pollution is Too Much?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Ethics and Economics 21\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Introduction 21\u003c\/p\u003e \u003cp\u003e2.2 Utility and Utilitarianism 22\u003c\/p\u003e \u003cp\u003e2.3 Social Welfare 24\u003c\/p\u003e \u003cp\u003e2.4 Summary 26\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Pollution and Resource Degradation as Externalities 29\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Introduction 29\u003c\/p\u003e \u003cp\u003e3.2 The Open-Access Problem 31\u003c\/p\u003e \u003cp\u003e3.3 The Public Goods Problem 34\u003c\/p\u003e \u003cp\u003e3.4 Is Sustainable Business a Solution? 37\u003c\/p\u003e \u003cp\u003e3.5 Summary 38\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 The Efficiency Standard 42\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Introduction 42\u003c\/p\u003e \u003cp\u003e4.2 Efficiency Defined 42\u003c\/p\u003e \u003cp\u003e4.3 Efficient Pollution Levels 45\u003c\/p\u003e \u003cp\u003e4.4 Marginals and Totals 48\u003c\/p\u003e \u003cp\u003e4.5 The Coase Theorem Introduced 49\u003c\/p\u003e \u003cp\u003e4.6 Air Pollution Control in Baltimore: Calculating the Efficient Standard 50\u003c\/p\u003e \u003cp\u003e4.7 The Ethical Basis of the Efficiency Standard 52\u003c\/p\u003e \u003cp\u003e4.8 Real-World Benefit–Cost Analysis 53\u003c\/p\u003e \u003cp\u003e4.9 Summary 56\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Measuring the Benefits of Environmental Protection 64\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Introduction 64\u003c\/p\u003e \u003cp\u003e5.2 Use, Option, and Existence Value: Types of Nonmarket Benefits 65\u003c\/p\u003e \u003cp\u003e5.3 Consumer Surplus, WTP, and WTA: Measuring Benefits 65\u003c\/p\u003e \u003cp\u003e5.4 Risk: Assessment and Perception 68\u003c\/p\u003e \u003cp\u003e5.5 Measuring Benefits I: Contingent Valuation 71\u003c\/p\u003e \u003cp\u003e5.6 Measuring Benefits II: Travel Cost 74\u003c\/p\u003e \u003cp\u003e5.7 Measuring Benefits III: Hedonic Regression 76\u003c\/p\u003e \u003cp\u003e5.8 The Value of Human Life 76\u003c\/p\u003e \u003cp\u003e5.9 Summary 79\u003c\/p\u003e \u003cp\u003eAppendix 5A: WTA and WTP Redux 83\u003c\/p\u003e \u003cp\u003e5A.1: An Indifference Curve Analysis 83\u003c\/p\u003e \u003cp\u003e5A.2: The Endowment Effect or Substitutability? 85\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Measuring the Costs of Environmental Protection 87\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Introduction 87\u003c\/p\u003e \u003cp\u003e6.2 Engineering Costs 88\u003c\/p\u003e \u003cp\u003e6.3 Productivity Impacts of Regulation 90\u003c\/p\u003e \u003cp\u003e6.4 Employment Impacts of Regulation 92\u003c\/p\u003e \u003cp\u003e6.5 General Equilibrium Effects and the Double Dividend 97\u003c\/p\u003e \u003cp\u003e6.6 A Final Look at Benefit–Cost Analysis 98\u003c\/p\u003e \u003cp\u003e6.7 Summary 101\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 The Safety Standard 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Introduction 105\u003c\/p\u003e \u003cp\u003e7.2 Defining the Right to Safety 105\u003c\/p\u003e \u003cp\u003e7.3 The Safety Standard: Inefficient 108\u003c\/p\u003e \u003cp\u003e7.4 The Safety Standard: Not Cost-Effective 109\u003c\/p\u003e \u003cp\u003e7.5 The Safety Standard: Environmental Justice or Regressive Impact? 110\u003c\/p\u003e \u003cp\u003e7.6 Siting Hazardous Waste Facilities: Safety versus Efficiency 112\u003c\/p\u003e \u003cp\u003e7.7 Summary 115\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 The Sustainability Standard 119\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Introduction 119\u003c\/p\u003e \u003cp\u003e8.2 Sustainability: Neoclassical and Ecological Approaches 120\u003c\/p\u003e \u003cp\u003e8.3 Future Benefits, Costs, and Discounting 123\u003c\/p\u003e \u003cp\u003e8.4 An Example of Discounting: Light Bulbs 125\u003c\/p\u003e \u003cp\u003e8.5 Savings, Investment, and Market Interest Rates 126\u003c\/p\u003e \u003cp\u003e8.6 The Social Discount Rate and Dynamic Efficiency 127\u003c\/p\u003e \u003cp\u003e8.7 Discounting Climate Change 130\u003c\/p\u003e \u003cp\u003e8.8 Ecological Economics, Strong Sustainability, and the Precautionary Principle 131\u003c\/p\u003e \u003cp\u003e8.9 Strong Sustainability in Practice: Endangered Species, EIS, and Reach 133\u003c\/p\u003e \u003cp\u003e8.10 Summary 135\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Measuring Sustainability 139\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Introduction 139\u003c\/p\u003e \u003cp\u003e9.2 Malthus and Ecological Economics 140\u003c\/p\u003e \u003cp\u003e9.3 Modern Debates: Limits to Growth and Planetary Boundaries 142\u003c\/p\u003e \u003cp\u003e9.4 Measuring Strong Sustainability: Impacts and Footprints 144\u003c\/p\u003e \u003cp\u003e9.5 Measuring Weak Sustainability: Net National Welfare and Inclusive Wealth 148\u003c\/p\u003e \u003cp\u003e9.6 Natural Capital Depreciation 152\u003c\/p\u003e \u003cp\u003e9.7 Are We Achieving Sustainability? 154\u003c\/p\u003e \u003cp\u003e9.8 Discounting, Sustainability, and Investing for the Future 159\u003c\/p\u003e \u003cp\u003e9.9 The Ecological–Neoclassical Debate in Context 160\u003c\/p\u003e \u003cp\u003e9.10 Summary 161\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Natural Resources and Ecosystem Services 167\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 Introduction 167\u003c\/p\u003e \u003cp\u003e10.2 Nonrenewable Resources and the Hotelling Model 168\u003c\/p\u003e \u003cp\u003e10.3 Testing the Nonrenewable Resource Model 174\u003c\/p\u003e \u003cp\u003e10.4 The Roller Coaster Ride of Oil Prices 175\u003c\/p\u003e \u003cp\u003e10.5 Peak Oil? 176\u003c\/p\u003e \u003cp\u003e10.6 Renewable Resources 178\u003c\/p\u003e \u003cp\u003e10.7 Renewable Resource Policy: Fisheries and Endangered Species 182\u003c\/p\u003e \u003cp\u003e10.8 Ecosystem Services and Natural Capital 185\u003c\/p\u003e \u003cp\u003e10.9 Summary 188\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11 Is More Really Better? Consumption, Welfare, and Behavior 193\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 Introduction 193\u003c\/p\u003e \u003cp\u003e11.2 Money and Happiness 194\u003c\/p\u003e \u003cp\u003e11.3 Social Norms and the Rat Race 195\u003c\/p\u003e \u003cp\u003e11.4 Positional Goods and Consumption Externalities 198\u003c\/p\u003e \u003cp\u003e11.5 Welfare with Social Consumption 199\u003c\/p\u003e \u003cp\u003e11.6 Overconsumption Policy Solutions 201\u003c\/p\u003e \u003cp\u003e11.7 Behavioral Economics and Behavior Change 204\u003c\/p\u003e \u003cp\u003e11.8 Summary 205\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Is Government Up to the Job?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12 The Political Economy of Environmental Regulation 211\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12.1 Introduction 211\u003c\/p\u003e \u003cp\u003e12.2 The Process of Environmental Regulation 212\u003c\/p\u003e \u003cp\u003e12.3 Regulation under Imperfect Information 214\u003c\/p\u003e \u003cp\u003e12.4 Bureaucratic Discretion and Political Influence 215\u003c\/p\u003e \u003cp\u003e12.5 The Influence Game: Pre-2016 217\u003c\/p\u003e \u003cp\u003e12.6 The End of the Bipartisan Concensus 220\u003c\/p\u003e \u003cp\u003e12.7 Better Information, More Democracy 225\u003c\/p\u003e \u003cp\u003e12.8 Summary 227\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13 An Overview of Environmental Legislation 231\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13.1 Introduction 231\u003c\/p\u003e \u003cp\u003e13.2 Cleaning the Air 232\u003c\/p\u003e \u003cp\u003e13.3 The Clean Air Act and Climate Change 235\u003c\/p\u003e \u003cp\u003e13.4 Fishable and Swimmable Waters 237\u003c\/p\u003e \u003cp\u003e13.5 Hazardous Waste Disposal on Land 239\u003c\/p\u003e \u003cp\u003e13.6 Chemicals and Pesticides 242\u003c\/p\u003e \u003cp\u003e13.7 Endangered Species Protection 245\u003c\/p\u003e \u003cp\u003e13.8 Summary 247\u003c\/p\u003e \u003cp\u003e\u003cb\u003e14 The Regulatory Record: Achievements and Obstacles 250\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e14.1 Introduction 250\u003c\/p\u003e \u003cp\u003e14.2 Accomplishments of Environmental Regulation 250\u003c\/p\u003e \u003cp\u003e14.3 Monitoring and Enforcement: Political Constraints 254\u003c\/p\u003e \u003cp\u003e14.4 The Appeal of Incentive-Based Regulation 257\u003c\/p\u003e \u003cp\u003e14.5 Beyond Regulation? Promoting Clean Technology 258\u003c\/p\u003e \u003cp\u003e14.6 Summary 260\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III How Can We Do Better?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e15 Incentive-Based Regulation: Theory 267\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e15.1 Introduction 267\u003c\/p\u003e \u003cp\u003e15.2 The Cost-Effectiveness Rule 268\u003c\/p\u003e \u003cp\u003e15.3 IB Regulation and Cost-Effectiveness 271\u003c\/p\u003e \u003cp\u003e15.4 IB Regulation and Technological Progress 274\u003c\/p\u003e \u003cp\u003e15.5 Potential Problems with IB Regulation 275\u003c\/p\u003e \u003cp\u003e15.6 Summary 281\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix 15A: Imperfect Regulation in an Uncertain World 284\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e15A.1: Minimizing the Costs of Being Wrong 285\u003c\/p\u003e \u003cp\u003e15A.2: An Application to Greenhouse Gas Emissions 287\u003c\/p\u003e \u003cp\u003e15A.3: Summary 288\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix 15B: Incentive-Compatible Regulation 289\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e15B.1: Incentives to Lie 289\u003c\/p\u003e \u003cp\u003e15B.2: Incentives to Tell the Truth 291\u003c\/p\u003e \u003cp\u003e15B.3: Summary 293\u003c\/p\u003e \u003cp\u003e\u003cb\u003e16 Incentive-Based Regulation: Practice 294\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e16.1 Introduction 294\u003c\/p\u003e \u003cp\u003e16.2 Lead and Chlorofluorocarbons 295\u003c\/p\u003e \u003cp\u003e16.3 Trading Urban Air Pollutants 295\u003c\/p\u003e \u003cp\u003e16.4 Marketable Permits and Acid Rain 299\u003c\/p\u003e \u003cp\u003e16.5 Carbon Trading in the Northeast and California 302\u003c\/p\u003e \u003cp\u003e16.6 Two Failed U.S. Efforts: Mercury and Carbon 305\u003c\/p\u003e \u003cp\u003e16.7 The European Emissions Trading System 307\u003c\/p\u003e \u003cp\u003e16.8 Pollution Taxes and Their Relatives 309\u003c\/p\u003e \u003cp\u003e16.9 Summary 313\u003c\/p\u003e \u003cp\u003e\u003cb\u003e17 Promoting Clean Technology: Theory 317\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e17.1 Introduction 317\u003c\/p\u003e \u003cp\u003e17.2 Path Dependence and Clean Technology 318\u003c\/p\u003e \u003cp\u003e17.3 Clean Technology Defined 319\u003c\/p\u003e \u003cp\u003e17.4 If You’re So Smart, Why Aren’t You Rich? 322\u003c\/p\u003e \u003cp\u003e17.5 Picking the Winning Path 325\u003c\/p\u003e \u003cp\u003e17.6 Promoting Early-Stage Clean Technologies 327\u003c\/p\u003e \u003cp\u003e17.7 Promoting Late-Stage Clean Technologies 329\u003c\/p\u003e \u003cp\u003e17.8 Clean Technology: Two Case Studies 332\u003c\/p\u003e \u003cp\u003e17.9 Summary 337\u003c\/p\u003e \u003cp\u003e\u003cb\u003e18 Energy Policy and the Future 342\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e18.1 Introduction 342\u003c\/p\u003e \u003cp\u003e18.2 Technology Options: Electricity and Heat 342\u003c\/p\u003e \u003cp\u003e18.3 Policy Options: Electricity and Heat 351\u003c\/p\u003e \u003cp\u003e18.4 Technology Options: Transport 355\u003c\/p\u003e \u003cp\u003e18.5 Policy Options: Transport 360\u003c\/p\u003e \u003cp\u003e18.6 Summary 364\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV How Can We Solve Global Challenges?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e19 Poverty, Population, and the Environment 369\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e19.1 Introduction 369\u003c\/p\u003e \u003cp\u003e19.2 Poverty and the Environment 371\u003c\/p\u003e \u003cp\u003e19.3 The Population Picture in Perspective 373\u003c\/p\u003e \u003cp\u003e19.4 An Economic Approach to Family Size 376\u003c\/p\u003e \u003cp\u003e19.5 Controlling Population Growth 377\u003c\/p\u003e \u003cp\u003e19.6 Consumption and the Global Environment 381\u003c\/p\u003e \u003cp\u003e19.7 Envisioning a Sustainable Future 383\u003c\/p\u003e \u003cp\u003e19.8 Summary 385\u003c\/p\u003e \u003cp\u003e\u003cb\u003e20 Environmental Policy in Low-Income Countries 388\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e20.1 Introduction 388\u003c\/p\u003e \u003cp\u003e20.2 The Political Economy of Sustainable Development 388\u003c\/p\u003e \u003cp\u003e20.3 Ending Environmentally Damaging Subsidies 391\u003c\/p\u003e \u003cp\u003e20.4 Establishing and Enforcing Property Rights 392\u003c\/p\u003e \u003cp\u003e20.5 Regulatory Approaches 395\u003c\/p\u003e \u003cp\u003e20.6 Sustainable Technology: Development and Transfer 399\u003c\/p\u003e \u003cp\u003e20.7 Resource Conservation and Debt Relief 401\u003c\/p\u003e \u003cp\u003e20.8 Trade and the Environment 406\u003c\/p\u003e \u003cp\u003e20.9 Summary 410\u003c\/p\u003e \u003cp\u003e\u003cb\u003e21 The Economics of Global Agreements 414\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e21.1 Introduction 414\u003c\/p\u003e \u003cp\u003e21.2 Agreements as Public Goods 415\u003c\/p\u003e \u003cp\u003e21.3 Monitoring and Enforcement 416\u003c\/p\u003e \u003cp\u003e21.4 The Ozone Layer and Biodiversity 417\u003c\/p\u003e \u003cp\u003e21.5 Stopping Global Warming: Theory 421\u003c\/p\u003e \u003cp\u003e21.6 Stopping Global Warming: Reality 423\u003c\/p\u003e \u003cp\u003e21.7 Summary 425\u003c\/p\u003e \u003cp\u003eSelected Websites for Environmental and Natural Resource Economists 429\u003c\/p\u003e \u003cp\u003eAuthor Index I-1\u003c\/p\u003e \u003cp\u003eSubject Index I-5\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49407122243927,"sku":"9781119693505","price":94.56,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119693505.jpg?v=1730498255","url":"https:\/\/bookcurl.com\/products\/economics-and-the-environment-9781119693505","provider":"Book Curl","version":"1.0","type":"link"}