Markets and the environment
By: Nathaniel O. Keohane, Sheila M. Olmstead
Contributors: Olmstead, Sheila M., author
Edition: Second edition.
Series: Foundations of contemporary environmental studies; Foundations of contemporary environmental studies
Publisher: Island Press
Published: 2016
Language: eng
Number of pages: 307
ISBN-13: 9781610916073
Copyright date: 2016
Subjects: Environmental economics; Water quality trading
Description: "A clear grasp of economics is essential to understanding why environmental problems arise and how we can address them. ... Now thoroughly revised with updated information on current environmental policy and real-world examples of market-based instruments .... The authors provide a concise yet thorough introduction to the economic theory of environmental policy and natural resource management. They begin with an overview of environmental economics before exploring topics including cost-benefit analysis, market failures and successes, and economic growth and sustainability. Readers of the first edition will notice new analysis of cost estimation as well as specific market instruments, including municipal water pricing and waste disposal. Particular attention is paid to behavioral economics and cap-and-trade programs for carbon."--Publisher's web site.
Notes: Previous edition: 2007.

Includes bibliographical references (pages 267-296) and index.
Table of contents: title: chapter 1. Introduction; title: chapter 2. Economic efficiency and environmental protection; title: chapter 3. The benefits and costs of environmental protection; title: chapter 4. The efficiency of markets; title: chapter 5. Market failures in the environmental realm; title: chapter 6. Managing stocks : natural resources as capital assets; title: chapter 7. Stocks that grow : the economics of renewable resource management; title: chapter 8. Principles of market-based environmental policy; title: chapter 9. The case for market-based instruments in the real world; title: chapter 10. Market-based instruments in practice; title: chapter 11. Sustainability and economic growth; title: chapter 12. Conclusion.