Environmental and Natural Resource Economics

Höfundar: Tom Tietenberg; Lynne Lewis (Útgáfa: 12)
Environmental and Natural Resource Economics

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Environmental and Natural Resource Economics is one of the most widely used textbooks for environmental economics and natural resource economics courses, offering a policy-oriented approach and introducing economic theory and empirical work from the field. Students will develop a global perspective of both environmental and natural resource economics and how they interact. This 12th edition provides updated data, new studies, and more international examples.

There is a considerable amount of new material, with a deeper focus on climate change and coverage of COVID-19, social justice, and the circular economy. Key features include: Extensive coverage of major contemporary issues including climate change, water and air pollution, resource allocation, biodiversity protection, sustainable development, and environmental justice. Four chapters specifically devoted to climate economics, including chapters on energy, climate mitigation, carbon pricing, and adaptation to climate change.

Introductions to the theory and method of environmental economics, including externalities, benefit-cost analysis, valuation methods, and ecosystem goods and services and updates to the social cost of carbon. New examples and debates throughout the text, highlighting global cases and major talking points. Environmental and Natural Resource Economics supports students with end-of-chapter summaries, discussion questions, exercises, and further reading in the book, and the companion website offers additional learning and teaching resources.

Nánar um bókina

Útgefandi
Taylor & Francis
ISBN
9781000892185
Print ISBN
9781032101194
Format
ePub
Útgáfa
12
Höfundar
Tom Tietenberg; Lynne Lewis
Tungumál
English
Útgefið
2023-07-31
Prent takmörkun á líftíma
100
Prent takmörkun
2
Afritunar takmörkun
2

Kaflar

  • Cover Page
  • Half Title page
  • Title Page
  • Copyright Page
  • Contents in Brief
  • Contents in Full
  • Preface
  • Acknowledgments
  • Part I Introduction to the Field of Environmental and Natural Resource Economics
  • Chapter 1 Visions of the Future
  • Introduction
  • The Self-Extinction Premise
  • Future Environmental Challenges
  • The Policy Context
  • How Will Societies Respond?
  • The Road Ahead
  • Summary
  • Discussion Questions
  • Self-Test Exercise
  • Further Reading
  • Chapter 2 The Economic Approach: Property Rights, Externalities, and Environmental Problems
  • Introduction
  • The Human–Environment Relationship
  • The Economic Approach
  • Economic Efficiency
  • Static Efficiency
  • Property Rights
  • Property Rights and Efficient Market Allocations
  • Efficient Property Rights Structures
  • Producer's Surplus, Scarcity Rent, and Long-Run Competitive Equilibrium
  • Externalities as a Source of Market Failure
  • The Concept Introduced
  • Types of Externalities
  • Alternative Property Right Structures and the Incentives They Create
  • Public Goods
  • Imperfect Market Structures
  • Asymmetric Information
  • Government Failure
  • The Pursuit of Efficiency
  • Judicial Liability Rules
  • Legislative and Executive Regulation
  • Summary
  • Discussion Questions
  • Self-Test Exercises
  • Further Reading
  • Chapter 3 Evaluating Trade-Offs: Benefit-Cost Analysis and Other Decision-Making Metrics
  • Introduction
  • Normative Criteria for Decision Making
  • Evaluating Predefined Options: Benefit-Cost Analysis
  • Finding the Optimal Outcome
  • Relating Optimality to Efficiency
  • Comparing Benefits and Costs across Time
  • Dynamic Efficiency
  • Applying the Concepts
  • Pollution Control
  • Estimating Benefits of Carbon Dioxide Emission Reductions
  • Issues in Benefit Estimation
  • Approaches to Cost Estimation
  • The Treatment of Risk
  • Distribution of Benefits and Costs
  • Choosing the Discount Rate
  • Divergence of Social and Private Discount Rates
  • A Critical Appraisal
  • Other Decision-Making Metrics
  • Cost-Effectiveness Analysis
  • Impact Analysis
  • Summary
  • Discussion Questions
  • Self-Test Exercises
  • Further Reading
  • Chapter 4 Valuing the Environment: Methods
  • Introduction
  • Why Value the Environment?
  • Valuation
  • Types of Values
  • Classifying Valuation Methods
  • Stated Preference Methods
  • Contingent Valuation Method
  • Choice Experiments
  • Revealed Preference Methods
  • Benefit Transfer and Meta-Analysis
  • Using Geographic Information Systems to Enhance Valuation
  • Challenges
  • Valuing Human Life
  • Damage Assessments: Loss of Ecosystem Services
  • Summary: Nonmarket Valuation Today
  • Discussion Question
  • Self-Test Exercises
  • Further Reading
  • Chapter 5 Dynamic Efficiency and Sustainable Development
  • Introduction
  • A Two-Period Model
  • Defining Intertemporal Fairness
  • Are Efficient Allocations Fair?
  • Applying the Sustainability Criterion
  • Implications for Environmental Policy
  • Summary
  • Discussion Question
  • Self-Test Exercises
  • Further Reading
  • Appendix: The Simple Mathematics of Dynamic Efficiency
  • Chapter 6 Depletable Resource Allocation: The Role of Longer Time Horizons, Substitutes, and Extraction Cost
  • Introduction
  • A Resource Taxonomy
  • Efficient Intertemporal Allocations
  • The Two-Period Model Revisited
  • The N-Period Constant-Cost Case
  • Transition to a Renewable Substitute
  • Increasing Marginal Extraction Cost
  • Exploration and Technological Progress
  • Market Allocations of Depletable Resources
  • Appropriate Property Rights Structures
  • Environmental Costs
  • Summary
  • Discussion Question
  • Self-Test Exercises
  • Further Reading
  • Appendix: Extensions of the Constant-Extraction-Cost Depletable Resource Model: Longer Time Horizons and the Role of an Abundant Substitute
  • The N-Period, Constant-Cost, No-Substitute Case
  • Constant Marginal Cost with an Abundant Renewable Substitute
  • Part II Economics of Pollution Control
  • Chapter 7 Economics of Pollution Control: An Overview
  • Introduction
  • A Pollutant Taxonomy
  • Defining the Efficient Allocation of Pollution
  • Stock Pollutants
  • Fund Pollutants
  • Market Allocation of Pollution
  • Efficient Policy Responses
  • Cost-Effective Policies for Uniformly Mixed Fund Pollutants
  • Defining a Cost-Effective Allocation
  • Cost-Effective Pollution Control Policies
  • Cost-Effective Policies for Nonuniformly Mixed Surface Pollutants
  • The Single-Receptor Case
  • Policy Approaches for Nonuniformly Mixed Pollutants
  • The Many-Receptors Case
  • Other Policy Dimensions
  • The Revenue Effect
  • Responses to Changes in the Regulatory Environment
  • Instrument Choice under Uncertainty
  • Summary
  • Discussion Questions
  • Self-Test Exercises
  • Further Reading
  • Appendix: The Simple Mathematics of Cost-Effective Pollution Control
  • Policy Instruments
  • Chapter 8 Stationary-Source Local and Regional Air Pollution
  • Introduction
  • Conventional Pollutants
  • The Regulatory Policy Framework
  • The Efficiency of the Command-and-Control Approach
  • Cost-Effectiveness of the Traditional Regulatory Approach
  • Air Quality
  • Market-Based Approaches
  • Co-Benefits and Co-Costs
  • Summary
  • Discussion Questions
  • Self-Test Exercises
  • Further Reading
  • Chapter 9 Water Pollution: Managing Water Quality for Rivers, Lakes, and Oceans
  • Introduction
  • Nature of Water Pollution Problems
  • Types of Waste-Receiving Water
  • Sources of Contamination
  • Types of Pollutants
  • Traditional Water Pollution Control Policy
  • The U.S. Experience
  • Early Legislation
  • Subsequent Legislation
  • The Clean Water Rule
  • The European Experience
  • European Water Framework Directive
  • The Developing Country Experience
  • Ocean Pollution
  • Oil Spills
  • Ocean Dumping
  • Ocean Trash
  • Oil Spills—Tankers and Offshore Drilling
  • An Overall Assessment
  • Summary
  • Discussion Questions
  • Self-Test Exercises
  • Further Reading
  • Chapter 10 Toxic Substances and Environmental Justice
  • Introduction
  • Nature of Toxic Substance Pollution
  • Toxic Substance Health Effects
  • Policy Issues
  • Market Allocations and Toxic Substances
  • Occupational Hazards
  • Product Safety
  • Third Parties
  • Environmental Justice and the Siting of Hazardous Waste Plants
  • History
  • Environmental Justice Research and the Emerging Role of GIS
  • The Economics of Site Location
  • Environmental Justice in Canada and Europe
  • Programs to Improve Information
  • Proposition 65
  • Europe's Approach to Toxic Substance Management
  • Summary
  • Discussion Questions
  • Self-Test Exercises
  • Further Reading
  • Part III Climate Section
  • Chapter 11 Climate Change I: The Nature of the Challenge
  • Introduction
  • The Science of Climate Change: The Basics
  • Quantifying the Intensity of the Threats
  • Tipping Points and Fat Tails
  • Dealing with Uncertainty
  • Broad Strategies
  • The Evolution of Targets
  • Economic Insights on Targets and Timing
  • Getting There: The Economics of International Climate Agreements
  • The Precedent: Reducing Ozone-Depleting Gases
  • Summary
  • Discussion Question
  • Self-Test Exercise
  • Further Reading
  • Chapter 12 Climate Change II: The Role of Energy Policy
  • Introduction
  • Future Pathways
  • Energy Efficiency
  • Fuel Switching
  • Beneficial Electrification
  • The Potential Role for Nuclear Energy
  • The Role of Policy in Transitioning to Renewables
  • Policy Design Issues
  • Transition Complexities
  • Dealing with Intermittent Sources
  • Integrating Distributed Energy Sources
  • Access to Critical Resources
  • Summary
  • Discussion Questions
  • Self-Test Exercises
  • Further Reading
  • Chapter 13 Climate Change III: Carbon Pricing
  • Introduction
  • Carbon Pricing and Emissions Mitigation Policy
  • Forms of Carbon Pricing
  • Carbon Offset Markets
  • Carbon Markets and Taxes: How have these Approaches Worked in Practice?
  • Cost Savings
  • Economic Impacts
  • The Sufficiency of Carbon Pricing: Meeting the Goals?
  • Protecting Trade-Vulnerable Industries
  • Using the Revenue: Possibilities and Experience
  • Uncertainty-Decreasing Hybrid Carbon Pricing Designs
  • Emissions Trading Program Hybrids
  • Carbon Tax Hybrids
  • Providing Context: A Brief Look at Four Illustrative Carbon Pricing Programs
  • Output-Based Carbon Pricing Systems
  • Policy Design and the Just Transition
  • Controversy: The Morality of Emissions Trading
  • Summary
  • Discussion Questions
  • Self-Test Exercises
  • Further Reading
  • Chapter 14 Climate Change IV: Adaptation: Floods, Wildfires, and Water Scarcity
  • Introduction—The Role of Adaptation Policy
  • Adaptation and Mitigation—Complements or Substitutes?
  • Climate Adaptation: Flood Risks—Storms, Sea Level Rise, and Storm Surges
  • Flood Insurance in the United States
  • Proactive versus Reactive Adaptation Strategies
  • Flood Insurance around the World
  • Rethinking Flood Insurance
  • Sea Level Rise and the Role for Adaptation
  • Managed Retreat: Buyouts
  • Prioritizing among Adaptation Options in the Presence of Ethical Boundaries
  • Information as an Adaptive Strategy
  • Climate Adaptation: Wildfire Risk and Management
  • Climate Adaptation: Managing Water Shortages
  • The Efficient Allocation of Scarce Water
  • Municipal Water Pricing
  • Full Cost Recovery Pricing
  • Desalination and Wastewater Recycling
  • Roles for Public and Private Institutions
  • Summary
  • Discussion Questions
  • Self-Test Exercises
  • Further Reading
  • Chapter 15 Transportation: Managing Congestion and Pollution
  • Introduction
  • Subsidies and Externalities
  • Implicit Subsidies
  • Externalities
  • Consequences
  • The U.S. and E.U. Policy Approaches
  • Transportation Pricing
  • Fuel Taxes
  • Congestion Pricing
  • Fuel-Economy Standards: The U.S. Approach
  • Gas Guzzler Tax
  • Fuel-Economy Standards in the European Union
  • Fuel-Economy Standards in Other Countries
  • External Benefits of Fuel-Economy Standards
  • Other Transportation Policies
  • Private Toll Roads
  • Parking Cash-Outs
  • Bike-Sharing Programs
  • Pricing Public Transport
  • Feebates
  • Zero-Emission Vehicles and Tax Credits for Electric Vehicles
  • Usage-Based Insurance Programs
  • Accelerated Retirement Strategies
  • Summary
  • Discussion Question
  • Self-Test Exercises
  • Further Reading
  • Part IV Natural Resource Economics
  • Chapter 16 Ecosystem Services: Nature's Threatened Bounty
  • Introduction
  • The State of Ecosystem Services
  • Economic Analysis of Ecosystem Services
  • Demonstrating the Value of Ecosystem Services
  • The Value of Coral Reefs
  • Valuing Supporting Services: Pollination
  • Valuing Supporting Services: Forests and Coastal Ecosystems
  • Challenges and Innovation in Ecosystem Valuation
  • Institutional Arrangements and Mechanisms for Protecting Nature's Services
  • Payments for Environmental Services (PES)
  • Tradable Entitlement Systems
  • Ecotourism
  • Poverty and Debt
  • Debt-for-Nature Swaps
  • Extractive Reserves
  • The World Heritage Convention
  • Royalty Payments
  • The Special Problem of Protecting Endangered Species
  • Conservation Banking
  • The Agglomeration Bonus
  • Safe Harbor Agreements
  • Preventing Invasive Species
  • Moving Forward
  • Summary
  • Discussion Questions
  • Self-Test Exercises
  • Further Reading
  • Chapter 17 Common-Pool Resources: Commercially Valuable Fisheries
  • Introduction
  • Efficient Allocations—Bioeconomics Theory
  • The Biological Dimension
  • Static Efficient Sustainable Yield
  • Dynamic Efficient Sustainable Yield
  • Appropriability and Market Solutions
  • Public Policy toward Fisheries
  • Raising the Real Cost of Fishing
  • Taxes
  • Perverse Incentives? Subsidies
  • Catch Share Programs
  • Aquaculture
  • Subsidies and Buybacks
  • Exclusive Economic Zones—The 200-Mile Limit
  • Marine Protected Areas and Marine Reserves
  • Enforcement—Illegal, Unreported, and Unregulated Fish Stocks
  • Summary
  • Discussion Questions
  • Self-Test Exercises
  • Further Reading
  • Appendix: The Harvesting Decision: Fisheries
  • Chapter 18 Forests: Storable, Renewable Resources
  • Introduction
  • Characterizing Forest Harvesting Decisions
  • Special Attributes of the Timber Resource
  • The Biological Dimension
  • The Economics of Forest Harvesting
  • Extending the Basic Model
  • Sources of Inefficiency
  • Perverse Incentives for the Landowner
  • Perverse Incentives for Nations
  • Sustainable Forestry
  • Public Policy
  • Summary
  • Discussion Questions
  • Self-Test Exercises
  • Further Reading
  • Appendix: The Harvesting Decision: Forests
  • Chapter 19 Land: A Locationally Fixed, Multipurpose Resource
  • Introduction
  • The Economics of Land Allocation
  • Land Use
  • Land-Use Conversion
  • The Ethanol Story
  • The Role of Irrigation
  • The Rise of Organic Food
  • Sources of Inefficient Use and Conversion
  • Sprawl and Leapfrogging
  • Incompatible Land Uses
  • Undervaluing Environmental Amenities
  • The Influence of Taxes on Land-Use Conversion
  • Market Power
  • Special Problems in Developing Countries
  • Innovative Market-Based Policy Remedies
  • Establishing Property Rights
  • Transferable Development Rights
  • Conservation Easements
  • Development Impact Fees
  • Real Estate Tax Adjustments
  • Summary
  • Discussion Question
  • Self-Test Exercises
  • Further Reading
  • Part V Sustainable Development
  • Chapter 20 Sustainable Development: Meeting the Challenge
  • Introduction
  • The Basic Elements of Sustainable Development
  • The Sufficiency of Market Allocations in Attaining Just, Sustainable Outcomes
  • Market Imperfections
  • The Evolution of the Sustainable Development Concept
  • The Current Sustainable Development Vision in Practice
  • The Evolution of Sustainable Development Metrics
  • Enter Donut Economics
  • Meeting the Challenges
  • The Intergenerational Challenge
  • The Intragenerational Challenge
  • The Evolving Roles of Technology, the Business Community, and Nongovernmental Organizations
  • Summary
  • Discussion Questions
  • Self-Test Exercise
  • Further Reading
  • Answers to Self-Test Exercises
  • Chapter 1
  • Chapter 2
  • Chapter 3
  • Chapter 4
  • Chapter 5
  • Chapter 6
  • Chapter 7
  • Chapter 8
  • Chapter 9
  • Chapter 10
  • Chapter 11
  • Chapter 12
  • Chapter 13
  • Chapter 14
  • Chapter 15
  • Chapter 16
  • Chapter 17
  • Chapter 18
  • Chapter 19
  • Chapter 20
  • Index