Preface
Chapter 1. Introduction
-Economics and the Environment
-Global Climate Change
-Organization and Content of This Book
-What We Hope Readers Will Take away from This Book
Chapter 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
Chapter 3. The Benefits and Costs of Environmental Protection
-Measuring Costs
-Evaluating the Benefits
-Benefit-Cost Analysis
-Conclusion
Chapter 4. The Efficiency of Markets
-Competitive Market Equilibrium
-The Efficiency of Competitive Markets
-Conclusion
Chapter 5. Market Failures in the Environmental Realm
-Externalities
-Public Goods
-The Tragedy of the Commons
-Conclusions
Chapter 6. Managing Stocks: Natural Resources as Capital Assets
-Economic Scarcity
-Efficient Extraction in Two Periods
-A Closer Look at the Efficient Extraction Path
-What about Market Power?
-The Critical Role of Property Rights
-Conclusion
Chapter 7. Stocks that Grow: The Economics of Renewable Resource Management
-Economics of Forest Resources
-Fisheries
-Conclusion
Chapter 8. Principles of Market-based Environmental Policy
-The Coase Theorem
-The Array of Policy Instruments
-How Market-Based Policies Can Overcome Market Failure
-Raising Revenues
-Setting Prices versus Setting Quantities?
-Conclusions
Chapter 9. The Case for Market-Based Instruments in the Real World
-Reducing Costs
-Promoting Technological Change
-Market-Based Instruments for Managing Natural Resources
-Other Considerations
-Conclusions
Chapter 10. Market-Based Instruments in Practice
-The U.S. Sulfur Dioxide Market
-Individual Tradable Quotas for Fishing in New Zealand
-Municipal Water Pricing
-The European Union's Emission Trading System
-Water Quality Trading
-Waste Management: ""Pay As You Throw""
-Habitat and Land Management
-Conclusions
Chapter 11. Sustainability and Economic Growth
-Limits to Growth?
-Sustainability, in Economic Terms
-Keeping Track: Green Accounting
-Are Economic Growth and Sustainability Compatible?
-Conclusions
Chapter 12. Conclusion
-What Does Economics Imply for Environmental Policy?
-The Role of Firms, Consumers, and Governments
-Some Final Thoughts
Chapter 1. Introduction
-Economics and the Environment
-Global Climate Change
-Organization and Content of This Book
-What We Hope Readers Will Take away from This Book
Chapter 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
Chapter 3. The Benefits and Costs of Environmental Protection
-Measuring Costs
-Evaluating the Benefits
-Benefit-Cost Analysis
-Conclusion
Chapter 4. The Efficiency of Markets
-Competitive Market Equilibrium
-The Efficiency of Competitive Markets
-Conclusion
Chapter 5. Market Failures in the Environmental Realm
-Externalities
-Public Goods
-The Tragedy of the Commons
-Conclusions
Chapter 6. Managing Stocks: Natural Resources as Capital Assets
-Economic Scarcity
-Efficient Extraction in Two Periods
-A Closer Look at the Efficient Extraction Path
-What about Market Power?
-The Critical Role of Property Rights
-Conclusion
Chapter 7. Stocks that Grow: The Economics of Renewable Resource Management
-Economics of Forest Resources
-Fisheries
-Conclusion
Chapter 8. Principles of Market-based Environmental Policy
-The Coase Theorem
-The Array of Policy Instruments
-How Market-Based Policies Can Overcome Market Failure
-Raising Revenues
-Setting Prices versus Setting Quantities?
-Conclusions
Chapter 9. The Case for Market-Based Instruments in the Real World
-Reducing Costs
-Promoting Technological Change
-Market-Based Instruments for Managing Natural Resources
-Other Considerations
-Conclusions
Chapter 10. Market-Based Instruments in Practice
-The U.S. Sulfur Dioxide Market
-Individual Tradable Quotas for Fishing in New Zealand
-Municipal Water Pricing
-The European Union's Emission Trading System
-Water Quality Trading
-Waste Management: ""Pay As You Throw""
-Habitat and Land Management
-Conclusions
Chapter 11. Sustainability and Economic Growth
-Limits to Growth?
-Sustainability, in Economic Terms
-Keeping Track: Green Accounting
-Are Economic Growth and Sustainability Compatible?
-Conclusions
Chapter 12. Conclusion
-What Does Economics Imply for Environmental Policy?
-The Role of Firms, Consumers, and Governments
-Some Final Thoughts