The Economics Of The Environment

This book integrates economics and environmental issues and explains how both market successes and failures affect the environment. It also shows readers how to measure the value of environmental goods, the use of these measurements in weighing environmental costs against the benefits of economic activity, and the implementation of policies to correct market failures. Key Features of the book : ??? Accessible treatment of environmental economics using graphic tools. ??? Reality-based cases. ???Additional boxed examples of ssic and contemporary environmental issues. ??? Summaries of key lessons. ??? Numerical and conceptual exercises in each chapter. Table Of Contents: CONTENTS: Preface. PART I: Introduction??”Chapter 1: Economics and the Environment. Chapter 2: Supply and Demand: Market Forces and the Environment. Chapter 3: Markets and Market Failure: A Cause of Environmental Degradation. PART II: Consumer Theory and Valuation??”Chapter 4: Consumer Behavior and the Environment. Chapter 5: Measuring Benefits to Consumers. Chapter 6: Revealed Preference Methods. Chapter 7: Stated Preference Methods. PART III: Why Firms Pollute and Production Theory??”Chapter 8: From Production to Pollution. Chapter 9: Production, Pollution, Output, and Prices. PART IV: Environmental Protection and Welfare??”Chapter 10: Maximizing Net Benefits in the Presence of Externalities. Chapter 11: Private Markets and the Environment: The Coase Theorem. Chapter 12: Government Policies for Environmental Protection. Chapter 13: Enforcement and Political Economy. PART V: Discounting and Project Analysis??”Chapter 14: The Time Factor: Discounting. Chapter 15: Benefit-Cost Analysis. PART VI: Resource Management??”Chapter 16: Nonrenewable Resource Management. Chapter 17: Renewable Resource Management.PART VII: Final Applications??”Chapter 18: Economic Growth and the Environment. Chapter 19: Sustainability. Index.