Markets and the Environment
288 pages
|
5.5 x 8.75
Markets and the Environment is a concise yet comprehensive introduction to a topic of central importance in understanding a wide range of environmental issues and policy approaches. It offers a clear overview of the fundamentals of environmental economics that will enable students and professionals to quickly grasp important concepts and to apply those concepts to real-world environmental problems. In addition, the book integrates normative, policy, and institutional issues at a principles level. Chapters examine
- the benefits and costs of environmental protection
- markets and market failure
- natural resources as capital assets
- sustainability and economic development
Markets and the Environment is the second volume in the Foundations of Contemporary Environmental Studies Series, edited by James Gustave Speth. The series presents concise guides to essential subjects in the environmental curriculum, incorporating a problem-based approach to teaching and learning. Sheila M. Olmstead is assistant professor of environmental economics at the Yale School of Forestry and Environmental Studies. Nathaniel Keohane is assistant professor of economics at the Yale School of Management.
"The niche for this work lies in its emphasis on market intervention in the environment, and Keohane and Olmstead (both Yale) provide an excellent argument for why an economist deserves a seat at the environmental policy table ... Summing Up: Recommended."
B.J. Peterson, CHOICE1. Introduction
" Economics and the environment
" Global climate change
" Organization and content of this book
" What we hope readers will take away from this book
2. Economic Efficiency and Environmental Protection
" Economic efficiency
" Efficiency and environmental policy
" Equating benefits and costs on the margin
" Dynamic efficiency and environmental policy
" Conclusion
3. The Benefits and Costs of Environmental Protection
" Measuring costs
" Evaluating the benefits
" Benefit-cost analysis
" Conclusion
4. The Efficiency of Markets
" Competitive market equilibrium
" The efficiency of competitive markets
" Conclusion
5. Market Failures in the Environmental Realm
" Externalities
" Public goods
" The tragedy of the commons
" Conclusions
6. Managing Stocks: Natural Resources as Capital Assets
" Economic scarcity
" Efficient extraction in two periods
" A closer look at the efficient extraction path
" The critical role of property rights
" Conclusion
7. Stocks that Grow: The Economics of Renewable Resource Management
" Economics of Forest Resources
" Fisheries
" Conclusion
8. Principles of Market-based Environmental Policy
" Array of policy instruments
" Market-based policies can overcome market failure
" Is it preferable to set prices or quantities?
" Conclusions
9 The Case for Market-Based Instruments in the Real World
" Reducing costs
" Promoting technological change
" Marked-based instruments for managing natural resources
" Other considerations
" Conclusions
10 Market Based Instruments in Practice
" The U.S. sulfur dioxide market
" Individual tradable quotas for fishing in New Zealand
" Municipal water pricing
" Water quality trading
" Waste management: "Pay as you throw"
" Habitat and land management
" Conclusions
11. Sustainability and Economic Growth
" Limits to Growth?
" Sustainability, in Economic Terms
" Keeping Track: Green Accounting
" Are Economic Growth and Sustainability Compatible?
" Conclusions
12. Conclusion
" What does economics imply for environmental policy?
" The role of firms, consumers, and governments
" Some final thoughts
" Economics and the environment
" Global climate change
" Organization and content of this book
" What we hope readers will take away from this book
2. Economic Efficiency and Environmental Protection
" Economic efficiency
" Efficiency and environmental policy
" Equating benefits and costs on the margin
" Dynamic efficiency and environmental policy
" Conclusion
3. The Benefits and Costs of Environmental Protection
" Measuring costs
" Evaluating the benefits
" Benefit-cost analysis
" Conclusion
4. The Efficiency of Markets
" Competitive market equilibrium
" The efficiency of competitive markets
" Conclusion
5. Market Failures in the Environmental Realm
" Externalities
" Public goods
" The tragedy of the commons
" Conclusions
6. Managing Stocks: Natural Resources as Capital Assets
" Economic scarcity
" Efficient extraction in two periods
" A closer look at the efficient extraction path
" The critical role of property rights
" Conclusion
7. Stocks that Grow: The Economics of Renewable Resource Management
" Economics of Forest Resources
" Fisheries
" Conclusion
8. Principles of Market-based Environmental Policy
" Array of policy instruments
" Market-based policies can overcome market failure
" Is it preferable to set prices or quantities?
" Conclusions
9 The Case for Market-Based Instruments in the Real World
" Reducing costs
" Promoting technological change
" Marked-based instruments for managing natural resources
" Other considerations
" Conclusions
10 Market Based Instruments in Practice
" The U.S. sulfur dioxide market
" Individual tradable quotas for fishing in New Zealand
" Municipal water pricing
" Water quality trading
" Waste management: "Pay as you throw"
" Habitat and land management
" Conclusions
11. Sustainability and Economic Growth
" Limits to Growth?
" Sustainability, in Economic Terms
" Keeping Track: Green Accounting
" Are Economic Growth and Sustainability Compatible?
" Conclusions
12. Conclusion
" What does economics imply for environmental policy?
" The role of firms, consumers, and governments
" Some final thoughts
Google preview here
You may purchase this title at fine bookstores across the United States. Outside the USA, see our international sales information.
