| Description |
1 online resource (xvii, 557 pages) |
| Contents |
Cover; Half Title; Title Page; Copyright Page; Contents in Brief; Table of Contents; Preface; New to this Edition; An Overview of the Book; 1 Visions of the Future; Introduction; The Self-Extinction Premise; Future Environmental Challenges; Climate Change; Example 1.1 A Tale of Two Cultures; Water Accessibility; Example 1.2 Climate Change and Water Accessibility: How Are these Challenges Linked?; Meeting the Challenges; How Will Societies Respond?; The Role of Economics; Debate 1.1 Ecological Economics versus Environmental Economics; The Use of Models; The Road Ahead; The Underlying Questions |
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Example 1.3 Experimental Economics: Studying Human Behavior in a LaboratoryDebate 1.2 What Does the Future Hold?; An Overview of the Book; Summary; Discussion Questions; Self-Test Exercise; Further Reading; 2 The Economic Approach: Property Rights, Externalities, and Environmental Problems; Introduction; The Humanâ#x80;#x93;Environment Relationship; The Environment as an Asset; The Economic Approach; Example 2.1 Economic Impacts of Reducing Hazardous Pollutant Emissions from Iron and Steel Foundries; Environmental Problems and Economic Efficiency; Static Efficiency; Property Rights |
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Property Rights and Efficient Market AllocationsEfficient Property Rights Structures; Producerâ#x80;#x99;s Surplus, Scarcity Rent, and Long-Run Competitive Equilibrium; Externalities as a Source of Market Failure; The Concept Introduced; Types of Externalities; Example 2.2 Shrimp Farming Externalities in Thailand; Perverse Incentives Arising from Some Property Right Structures; Public Goods; Imperfect Market Structures; Example 2.3 Public Goods Privately Provided: The Nature Conservancy; Asymmetric Information; Government Failure; The Pursuit of Efficiency |
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Private Resolution through Negotiationâ#x80;#x94;Property, Liability, and the Coase TheoremLegislative and Executive Regulation; An Efficient Role for Government; Example 2.4 Can Eco-Certification Make a Difference? Organic Costa Rican Coffee; Summary; Discussion Questions; Self-Test Exercises; Further Reading; 3 Evaluating Trade-Offs: Benefit-Cost Analysis and Other Decision-Making Metrics; Introduction; Normative Criteria for Decision Making; Evaluating Predefined Options: Benefit-Cost Analysis; Finding the Optimal Outcome; Relating Optimality to Efficiency; Comparing Benefits and Costs across Time |
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Dynamic EfficiencyApplying the Concepts; Pollution Control; Example 3.1 Does Reducing Pollution Make Economic Sense? Evidence from the Clean Air Act; Estimating Benefits of Carbon Dioxide Emission Reductions; Example 3.2 Using the Social Cost of Capital: The DOE Microwave Oven Rule; Issues in Benefit Estimation; Debate 3.1 What Is the Proper Geographic Scope for the Social Cost of Carbon?; Approaches to Cost Estimation; The Treatment of Risk; Distribution of Benefits and Costs; Choosing the Discount Rate; Example 3.3 The Importance of the Discount Rate |
| Summary |
"Environmental and Natural Resource Economics is the best-selling text for natural resource economics and environmental economics courses, offering a policy-oriented approach and introducing economic theory and empirical work from the field. Students will leave the course with a global perspective of both environmental and natural resource economics and how they interact. Complemented by a number of case studies showing how underlying economic principles provided the foundation for specific environmental and resource policies, this key text highlights what can be learned from the actual experience. This new, 11th edition includes updated data, a number of new studies and brings a more international focus to the subject. Key features include: Extensive coverage of the major issues including climate change, air and water pollution, sustainable development, and environmental justice. Dedicated chapters on a full range of resources including water, land, forests, fisheries, and recyclables. Introductions to the theory and method of environmental economics including externalities, benefit-cost analysis, valuation methods, and ecosystem goods and services. Boxed 'Examples' and 'Debates' throughout the text which highlight global examples and major talking points. The text is fully supported with end-of-chapter summaries, discussion questions, and self-test exercises in the book and multiple-choice questions, simulations, references, slides, and an instructor's manual on the Companion Website."--Publisher's description |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force. WlAbNL |
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Online resource; title from PDF title page (EBSCO, viewed March 20, 2018) |
| Subject |
Environmental economics.
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Natural resources.
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Environmental policy.
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natural resources.
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environmental policy.
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BUSINESS & ECONOMICS -- Real Estate -- General.
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Environmental economics.
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Environmental policy.
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Natural resources.
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| Form |
Electronic book
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| Author |
Lewis, Lynne, author.
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| ISBN |
9781351803366 |
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1351803360 |
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9781351803373 |
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1351803379 |
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9781315208343 |
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1315208342 |
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