Introduction to Environmental Economics
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Clearly written, global in approach, and theoretically broad-minded, this text is an ideal introduction to environmental economics. Assuming no prior knowledge of economics, the international author team introduces fundamental economic concepts as they relate to our environment. They then use the fundamental concepts to explore and assess current and potential policy responses to some of the major environmental issues of our time.
Examples are drawn from all over the world and include such vital issues as climate change, natural resource use, waste management, water pollution, and loss of biodiversity. The text is also accompanied by the following online resources: For students: Links to news stories and organizations Exercises For lecturers: PowerPoint slides Solutions to exercises Graphs from the book List of Discussion Questions.
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- Oxford University Press Academic UK
- 9780192522399
- 9780198737230
- ePub
- 3
- Nick Hanley; Jason Shogren; Ben White
- English
- 2019-04-18
- 100
- 2
- 2
Kaflar
- Cover
- halftitle
- Title Page
- Copyright
- Dedication
- Acknowledgements
- New to this Edition
- Contents
- How to Use this Book
- How to Use the Online Resources
- 1 Introduction: Economics for the Environment
- 1.1 Welcome
- 1.2 The Economy and the Environment
- 1.3 Ten Key Insights from Economics
- 1.4 Using This Book for Teaching and Learning
- 2 Markets and the Environment
- 2.1 Introduction
- 2.2 The Power of Markets
- 2.3 Market Failure
- 2.4 Market Incentives for Environment Protection
- 2.5 Summary
- 3 Incentives for Conservation
- 3.1 Introduction
- 3.2 Zoning/Planning
- 3.3 Impact Fees
- 3.4 Subsidies
- 3.5 Transferable Development Rights (TDR) with Zoning
- 3.6 Conservation Banking
- 3.7 Conservation Easements
- 3.8 Summary
- 4 Valuing the Environment: Concepts and Methods
- 4.1 What Does Economic Value Mean?
- 4.2 In What Sense Does the Environment have Economic Value?
- 4.3 Methods for Valuing the Environment
- 4.4 Benefits Transfer
- 4.5 Summary
- 5 Cost-Benefit Analysis and Environmental Policy
- 5.1 Introduction
- 5.2 Why Undertake Cost-Benefit Analysis?
- 5.3 Stages of a CBA
- 5.4 Discounting and the Discount Rate
- 5.5 Using CBA in Environmental Management and Policy Analysis
- 5.6 Conclusions
- 6 Environmental Risk and Behaviour
- 6.1 Introduction
- 6.2 Behaviour under Risk
- 6.3 Behavioural Economics and Risk
- 6.4 Valuing Risks to Life and Limb
- 6.5 Regulating Risk
- 6.6 Concluding Remarks
- 7 Economic Growth, the Environment, and Sustainable Development
- 7.1 Introduction
- 7.2 Economic Growth and Development
- 7.3 Predictions from the Past
- 7.4 Growth and the Environment: The Environmental Kuznets Curve
- 7.5 The Economics of Sustainable Development
- 7.6 Summary
- 8 Conflicts and Cooperation: Strategic Interactions
- 8.1 Introduction
- 8.2 Game Theory
- 8.3 Co-operative Games
- 8.4 Game Theory and Transboundary Pollution Control
- 8.5 Summary
- 9 The Economics of Non-renewable Natural Resources
- 9.1 Introduction
- 9.2 The Extraction of a Non-renewable Resource
- 9.3 Testing the Hotelling Rule
- 9.4 Measuring Resource Scarcity
- 9.5 Hotelling and the Oil Market
- 9.6 Summary
- 10 The Economics of Renewable Resources: Fisheries and Forestry
- 10.1 Introduction
- 10.2 Fisheries Economics
- 10.3 Forestry
- 10.4 Summary
- 11 Trade and the Environment
- 11.1 Introduction
- 11.2 Why do Countries Gain from Trade?
- 11.3 Empirical Evidence on the Trade Effects of Environmental Regulation
- 11.4 International Trade Agreements and the Environment
- 11.5 Summary
- 12 The Economics of Climate Change
- 12.1 Introduction
- 12.2 Background
- 12.3 A Global Environmental Risk
- 12.4 The Challenge of International Coordination
- 12.5 Incentives Matter for Cost-effective Climate Policy
- 12.6 The Benefits and Costs of International Co-operation
- 12.7 Economic Issues Underlying Benefit and Cost Estimates
- 12.8 A Flexibility–Stringency Trade-off
- 12.9 Summary
- 13 The Economics of Water Quality Improvement
- 13.1 Introduction
- 13.2 Trends Over Time
- 13.3 The Costs of Improving Water Quality
- 13.4 Non-point Source Water Pollution: A Difficult Problem to Solve
- 13.5 Measuring Water Quality Benefits
- 13.6 Problems for Cost-Benefit Analysis of Water Quality Improvements
- 13.7 Conclusions
- 14 The Economics of Household Waste and Recycling
- 14.1 Introduction
- 14.2 Quantifying the External Costs of Waste Disposal
- 14.3 Policy Options for Waste Management
- 14.4 How Best to Increase Recycling?
- 14.5 Conclusions
- 15 Energy and the Environment
- 15.1 Introduction
- 15.2 Historical Patterns of Energy Consumption
- 15.3 The Role of Energy Policy
- 15.4 Renewable Electricity Policy
- 15.5 Summary
- 16 Biodiversity
- 16.1 Introduction
- 16.2 What to Conserve?
- 16.3 The Economic Value of Biodiversity
- 16.4 Biodiversity and the Design of Conservation Policy
- 16.5 Summary
- Glossary
- Index