| Description |
1 online resource (383 pages) |
| Contents |
Cover; Half Title; Title; Copyright; Brief Contents; Contents; List of figures; List of tables; Preface; An overview of the book; Acknowledgements; Section I Economic analysis: options and applications; 1 The role of economics in formulating and implementing policy; Introduction; The role of economics; The use of models; The road ahead; The overarching questions; Discussion questions; Self-test exercise; 2 The economic approach: property rights, externalities, and environmental problems; Introduction; The economic approach; Environmental problems and economic efficiency; Static efficiency |
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Property rightsProperty rights and efficient market allocations; Efficient property rights structures; Producer's surplus, scarcity rent, and long-run competitive equilibrium; Externalities as a source of market failure; The concept introduced; Types of externalities; Perverse incentives arising from some property right structures; Public goods; Imperfect market structures; Asymmetric information; Government failure; Summary; Discussion questions; Self-test exercises; 3 The role of policy instrument choice in efficient environmental management; The changing role for government over time |
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The choice of policy instrumentsThe role of policy instruments: defining the objectives; Categories of policy instruments; Dealing with asymmetric information; Summary; Self-test exercises; 4 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; Dynamic efficiency; Applying the concepts; Pollution control |
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Estimating benefits of carbon dioxide emission reductionsIssues in benefit estimation; Approaches to cost estimation; The treatment of risk; Distribution of benefits and costs; Unintended consequences; Choosing the discount rate; Divergence of social and private discount rates; A critical appraisal; Other decision-making metrics; Cost-effectiveness analysis; Impact analysis; Summary; Discussion questions; Self-test exercises; 5 Valuing the environment: methods and examples; Introduction; Why value the environment?; Valuation; Types of values; Classifying valuation methods |
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Stated preference methodsContingent valuation method; Choice experiments; Revealed preference methods; Benefit transfer and meta-analysis; Using geographic information systems to enhance valuation; Averting expenditures; Challenges; Aggregation; Partial values; Valuing human life; Damage assessments: loss of ecosystem services; Summary: nonmarket valuation today; Discussion question; Self-test exercises; Section II Environmental policy; 6 Ecosystem goods and services: nature's threatened bounty; Introduction; The state of ecosystem services; Economic analysis of ecosystem services |
| Notes |
Demonstrating the value of ecosystem services |
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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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Print version record |
| Form |
Electronic book
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| Author |
Tietenberg, Thomas H
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| ISBN |
9780429995125 |
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0429995121 |
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9780429995118 |
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0429995113 |
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