Environmental and Natural Resource Economics

Environmental and Natural Resource Economics, 8/e takes a policy-oriented approach, introducing economic theory in the context of debates and empirical work from the field. Students leave the course with a global perspective of both environmental and natural resource economics.Visions of the Future; Valuing the Environment: Concepts; Valuing the Environment: Methods; Property Rights, Externalities, and Environmental Problems; Dynamic Efficiency and Sustainable Development; The Population Problem; The Allocation of Depletable and Renewable Resources: An Overview; Energy: the Transition From Depletable to Renewable Resources; Recyclable Resources: Minerals, Paper, Bottles, and E-Waste; Replenishable but Depletable Resources: Water; Land; Reproducible Private-Property Resources: Agriculture; Storable, Renewable Resources: Forests; Common-Pool Resources: Fisheries and Other Commercially Valuable Species; Economics of Pollution Control: An Overview; Stationary-Source Local Air Pollution; Regional and Global Air Pollutants: Acid Rain and Atmospheric Modification; Mobile-Source Air Pollution; Water Pollution; Toxic Substances; Environmental Justice; Development, Poverty, and the Environment; The Quest for Sustainable Development; Visions of the Future Revisited.For all readers interested in environmental and natural resource economics.

Visions of the Future
Introduction
Future Environmental Challenges
Meeting the Challenges
How Will Societies Respond?
The Role of Economics
The Road Ahead
Valuing the Environment: Concepts
Introduction
The Human Environment Relationship
Normative Criteria for Decision-Making
Finding the Optimal Outcome
Applying the Concepts
Appendix: The Simple Mathematics of Dynamic Efficiency
Valuing the Environment: Methods
Introduction
Why Value the Environment?
Valuing Benefits
Cost-Effectiveness
Analysis Impact Analysis
Property Rights, Externalities, and Environmental Problems
Introduction
Property Rights
Externalities as a Source of Market Failure
Improperly Designed
Property Rights Systems
Public Goods
Imperfect Market Structures
Divergence of Social and Private Discount Rates Government Failure
The Pursuit of Efficiency
An Efficient Role for Government
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
Appendix:The Mathematics of the Two-Period Model
The Population Problem
Introduction
Historical Perspective Effects of Population Growth on Economic Development
The Population/Environment Connection Effects of Economic Development on Population Growth
The Economic Approach to Population Control Urbanization
A Note on Using GIS to Map Population Data
The Allocation of Depletable and Renewable Resources: An Overview
Introduction
A Resource Taxonomy Efficient Intertemporal
Allocations Market
Allocations
Appendix:Extensions of the Basic Depletable Resource Model
Energy: The Transition from Depletable to Renewable Resources
Introduction
Natural Gas
Price Controls Oil
The Cartel Problem Fossil Fuels
National Security and Climate Considerations
The Other Depletable Sources
Unconventional Oil, Coal and Nuclear Electricity Energy
Efficiency Transitioning to Renewables
Recyclable Resources: Minerals, Paper, Bottles, and E-Waste
Introduction
An Efficient Allocation of Recyclable Resources
Factors Mitigating Resource
Scarcity Market Imperfections
Replenishable but Depletable Resources: Water
Introduction
The Potential for Water Scarcity
The Efficient Allocation of Scarce Water
The Current Allocation System
Potential Remedies GIS and Water Resources
Land
Introduction
The Economics of Land Allocation
Sources of Inefficient
Use and Conversion
Special Problems in Developing Countries
Innovative Market-Based Policy Remedies
Reproducible Private-Property Resources: Agriculture
Introduction
Global Scarcity
Formulating the Global Scarcity Hypothesis
Testing the Hypothesis
The Role of Agricultural Policies
A Summing Up Distribution of Food Resources Feast and Famine Cycles
Storable, Renewable Resources: Forests
Introduction
Characterizing Forest Harvesting Decisions
Sources of Inefficiency
Poverty and Debt
Sustainable Forestry Public Policy
Appendix:The Harvesting Decision: Forests
Common-Pool Resources: Fisheries and Other Commercially Valuable Species Introduction
Efficient Allocations
Appropriability and Market Solutions
Public Policy Toward Fisheries
Appendix:The Harvesting Decision: Fisheries
Economics of Pollution Control: An Overview
Introduction
A Pollutant Taxonomy Defining the Efficient Allocation of Pol
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Environmental and Natural Resource Economics

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Table of Contents

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