Environmental and Natural Resources Economics Theory, Policy, and the Sustainable Society

ISBN-10: 0765614731
ISBN-13: 9780765614735
Edition: 3rd 2006 (Revised)
List price: $48.95
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Description: The new edition of Environmental and Natural Resources Economics provides an accessible yet rigorous treatment of the subject, including the economics of sustainability. This up-to-date and innovative textbook is designed for economics majors as  More...

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Book details

List price: $48.95
Edition: 3rd
Copyright year: 2006
Publisher: Routledge
Publication date: 5/15/2006
Binding: Paperback
Pages: 560
Size: 6.00" wide x 8.75" long x 1.25" tall
Weight: 2.2
Language: English

The new edition of Environmental and Natural Resources Economics provides an accessible yet rigorous treatment of the subject, including the economics of sustainability. This up-to-date and innovative textbook is designed for economics majors as well as students in interdisciplinary programs, such as environmental science and policy. The new edition has been updated extensively throughout. A new chapter has been added on fisheries economics and policy, and the chapter on global climate change has been substantially rewritten to incorporate new scientific information and evolving public policy. Many new figures and tables have been added, and the glossary has also been expanded. Instructors will find that students appreciate the balanced and accessible coverage, and the integration of economics with science and public policy.

List of Tables and Figures
Preface
Theory and Fundamentals
Introduction to Environmental and Natural Resources Economics
Introduction
Fundamental Concepts
Some Reasons for Optimism and Some Reasons for Concern
Reasons for Optimism
Reasons for Concern
Overview
Summary
Review Questions and Problems
Internet Links
References and Further Reading
Value Systems and Economic Systems
Introduction
Fundamentals of Ethical Systems
Deontological Ethics
Teleological Ethics
A Closer Look at Utilitarianism
Self-Interest, the Common Good, and Social Order
Private Property
Locke and the Liberal Society
Rousseau and the Civil Society
On Positive and Normative Economics
Economic Questions That All Societies Must Answer
Summary
Review Questions and Problems
Internet Links
References and Further Reading
The Economics of Market Allocation
Introduction
Market Capitalism
Conditions Required for a Well-Functioning Competitive Market
Market Demand and Supply
Market Demand
Market Supply
Market Equilibrium and Efficiency
Market Equilibrium
Efficient Resource Allocation
Market Failure
Monopoly, Cartels, and Market Power
Externalities
Common-Pool Resources and Public Goods: Collectively Produced and/or Consumed Goods
Imperfect Information
Fairness, Equity, and Distributive Justice
Perspectives on Market Failures and Government Intervention
Summary
Review Questions and Problems
Internet Links
References and Further Reading
Appendix: A Calculus-based Derivation of Supply Curves
Externalities, Market Failures, and Policy Interventions
Introduction
Positive Externalities
Negative Externalities
Property Rights and Negative Externalities
Social Cost as the Sum of Private and External Cost
Competitive Markets are Inefficient When There Are Negative Externalities
Pigouvian Taxes: The Theory of Policy Interventions for Negative Externalities
Summary
Review Questions and Problems
Internet Links
References and Further Reading
The Economics of Natural Resource Systems
Part I: Theory and Concepts
Introduction and Overview
Allocating Nonrenewable Resources
The Industrial Organization of Energy Delivery in the United States
The Theory of Dynamically Efficient Nonrenewable Resources Pricing
Present Value Analysis
Dynamic Efficiency
Allocating Recyclable Resources
Allocating Renewable Resources
Allocating Common-Pool Resources
Ecosystem Services and Natural Capital
Resources for the Future: Factors Affecting Future Resource Scarcity
Summary
Review Questions and Problems
Internet Links
References and Further Reading
Appendix: The Prisoner's Dilemma and the Tragedy of the Commons
Policy
The Economics of Natural Resource Systems, Part II: Marine Capture Fisheries
Introduction
World Trends
Bioeconomic Model of a Fishery
Fishery Management
Individual Quotas
Aquaculture
Summary
Review Questions and Problems
Internet Links
References and Further Reading
Measurement and Analysis of Benefits and Costs
Introduction: Benefit/Cost Analysis
Efficiency
Maximizing Net Present Discounted Value (PV)
An Illustrative Example of Benefit/Cost Analysis
The Coase Theorem
Operationalizing Benefit/Cost Analysis in U.S. Environmental Policy
Measuring Benefits
Overview
Measuring the Health and Ecological Benefits of Regulation: Quantitative Risk Assessment (QRA) and the Value of a Statistical Life
Categories of Non-Marketed Environmental Benefits: Use and Nonuse Values
Use Values
Nonuse Values
Measuring Non-Marketed Environmental Benefits: The Contingent Valuation Method (CVM)
Examples of CVM Studies
The CVM Debate
Measuring Nonmarketed Environmental Benefits: The Travel Cost Method (TCM)
Measuring Nonmarketed Environmental Benefits: Hedonic Regression Method (HRM)
Other Valuation Approaches
Measuring Costs
Direct Costs
Indirect Costs
Summary
Review Questions and Problems
Internet Links
References and Further Reading
The Political Economy of Environmental Regulation and Resource Management
Introduction: What Is Political Economy?
Economic Models of Political Economy and the Regulatory Process
Introduction
The Political Market for Regulation
The Political Economy of Environmental Regulation: A Selective Survey
The Political Economy of Locally Self-Governed Common-Pool Resources
The Political Economy of International Environmental Accords: The Case of the Montreal Protocol
Theoretical Foundation
Case Study: The International Political Economy of CFC Control
Summary
Review Questions and Problems
Internet Links
References and Further Reading
Motivating Regulatory Compliance: Monitoring, Enforcement, and Sanctions
Introduction
The Economics of Crime
The Economics of Deterrence
Criminal Penalties and Incarceration Versus Fines and Monetary Damages
Market-based Reputational Enforcement and Voluntary Overcompliance
Private Auditing
Incentive Enforcement Systems
EPA Enforcement
Selected Civil and Criminal Case Summaries from the Department of Justice
California Enforcement
Compliance
Citizen Suits
Summary
Review Questions and Problems
Internet Links
References and Further Reading
Creating Economic Incentives for Environmental Protection and Resource Management
Introduction
Marketable Pollution Allowances
An Illustration of the Cost-Savings Potential from Marketable Pollution Allowances
Traditional Uniform Performance Standard and No Marketable Allowances
Cap and Trade
Limited Allowance Trading
Advantages of Marketable Allowance Systems
Disadvantages of Marketable Allowance Systems
Marketable Pollution Allowances and the Clean Air Act (CAA) Amendments of 1990: The Acid Rain Program
Renewable Portfolio Standard (RPS)
Emissions Trading
Other Experiments with Marketable Allowances
Environmental Taxes
Environmental Taxes in the United States
Environmental Taxes Around the World
Summary
Review Questions and Problems
Internet Links
References and Further Reading
Global Climate Change: Science, Policy, and Economics
Introduction
Greenhouse Gas Emissions and Global Climate Change
Modeling Carbon Dioxide Emissions
Trends in Greenhouse Gas Emissions
Global Climate Change Predictions
The Evidence Regarding Global Climate Change
International Action on Global Climate Change
The Earth Summit
The Kyoto Protocol
Policy Studies: The Economics of Controlling Greenhouse Gas Emissions
Summary
Review Questions and Problems
Internet Links
References and Further Reading
Topics on the Economics of Sustainability
Introduction to the Concept of Sustainability
Introduction
Sustainable Development
Conservation-based Development
A Working Definition of Sustainability
Summary
Review Questions and Problems
Internet Links
References and Further Reading
Recognizing Interdependencies and Thinking Long Term
Introduction
Recognizing Interdependencies
The Industrial Revolution and the Agrarian Transition
Income, Poverty, and Economic Growth
Education, Empowerment, and Justice
International Trade
The Argument for Free International Trade
The Argument Against Free International Trade
Population
The Demographic Transition Model
Population Forecasts
Taxes and Incentives
Thinking Long Term: Discounting and Policy Making
The Effect of Discount Rates on Environmentally Friendly Investments and Sustainability: An Illustrative Example
The Opportunity Cost of Capital and the Social Rate of Time Preference
The Opportunity Cost of Capital
The Social Rate of Time Preference
Are the Discount Rates Associated with Competitive Financial Markets Consistent with Those Required for Sustainablity?
Summary
Review Questions and Problems
Internet Links
References and Further Reading
Sustainable Economic Development
Introduction
Conventional Economic Development Strategies
Conventional Economic Development Assistance Programs
Case Studies
Envisioning Sustainable Development: The Brundtland Commission Report, the Earth Summit, the Millennium Development Goals, and Beyond
Theories of Sustainability
Weak Sustainability
Strong Sustainability
Practical Policy Implications
Sustainability Indicators
Indicators of Weak Sustainability
Indicators of Strong Sustainability
Case Studies in Measuring Sustainable Economic Development
Scotland
United States
Sub-Saharan Africa, Latin America, and the Caribbean
Summary
Review Questions and Problems
Internet Links
References and Further Reading
Issues in Sustainable Production and Consumption
Introduction
More Sustainable Energy Resources, Technologies, and Processes
Solar Energy
Industrial Ecology
Policies Promoting Sustainable Production and Consumption
Extended Producer Responsibility (EPR)
Ecolabels
Factors Relating to the Success of Ecolabel Programs
Three Examples of Ecolabeled Goods
Taxes, Subsidies, and Ecological Tax Reform
Government Research and Development Funding
International Environmental Certification
Consumer Preferences and Sustainable Consumption
Summary
Review Questions and Problems
Internet Links
References and Further Reading
Issues in the Economics of Sustainable Local Communities
Introduction
Sustainable Local Self-Governance of Localized CPR Systems
Examples of Sustainable Local Communities and the Systems They Use for Governing CPRs
Törbel, Switzerland
Japanese Village Commons
Spanish Irrigation Commons
Localized Self-Governance of Fisheries
Fodder and Fuelwood Use in Panchayat Community Forests
Ostrom's Design Principles Associated with Sustainable Local Self-Governance of Common-Pool Resources
Retrospective on CPRs and Local Self-Governance
Integrating Sustainability into Local Economic Development
A Model of the Local Economy
Different Approaches to Economic Development
Case Studies
Arcata
The Cogtong Bay Mangrove Management Project
Sustainable Local Economic Development in South Africa
Moving Toward Sustainable Urban Planning in Curitiba, Brazil
Summary
Review Questions and Problems
Internet Links
References and Further Reading
Glossary
Index
About the Author
Table of Contents provided by Ingram. All Rights Reserved.

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