Description
Book SynopsisThe tools of environmental economics guide policymakers as they weigh development against nature, present against future, and certain benefits against uncertain consequences. The policies and research findings explained in this textbook are relevant to decisions made daily by individuals, firms, and governments.
This textbook offers instructors and students a user-friendly, relevant, and up-to-date introduction to these topics while covering recent advancements in the field and significant political and economic changes. The fifth edition has been thoroughly updated while retaining the story-based narratives and visual emphasis of previous editions, capturing studentsâ attention with full-color photos, graphs, and illustrations. It addresses the impact of changes in world leaders, national priorities, and international agreements along with key developments in the energy sector. These include the way hydraulic fracturing and the surging popularity of natural gas have revolutio
Table of Contents
Part I Building a Foundation. 1. The Big Picture. 2. Efficiency and Choice. Appendix: Efficiency Criteria in Greater Detail. 3. Market Failure. 4. The Role of Government. 5. Trade-offs and the Economy. Part II Issues and Approaches. 6. Environmental Quality. 7. Energy. 8. Sustainability. 9. Population, Poverty, and Economic Growth. 10. Biodiversity and Valuation. 11. International and Global Issues. Part III Policy and Procedure. 12. Perspectives on Environmental Policy. 13. Natural Resource Management: Renewable Resources. 14. Natural Resource Management: Depletable and Replenishable Resources. Appendix: Intertemporal Allocation and Hotelling’s Rule. 15. Environmental Dispute Resolution. 16. Morals and Motivation
