This is a book about the work of scientists in the era of the Anthropocene: where human beings appear to have become a driving force in the evolution of the planet. It is a diverse collection of empirical, methodological and theoretical chapters concerned with the practice of interdisciplinary social-ecological systems research. The aim of the contributors is to give the reader an appreciation for the range and complexity of the challenges faced by researchers, research institutions and wider communities trying to make sense of the causes and consequences of the this new era of global environmental change.

The tragedy of the Anthropocene, of the large scale anthropogenic habitat destruction and planet-wide impacts of anthropogenic climate change, is not that science has failed humanity but rather that it has served humanity all too well, making possible in just a few hundred years volumes and scales of human activity far exceeding anything ever seen before. Coming to terms with that success was the aim of the 1969 Alpbach Symposium, from which this book draws its name, where contributors including Friedrich Hayek and Ludwig von Bertalanffy, asked themselves: what theory, practices and standards are required to move beyond reductionism? Like those from 1969, the answers presented in this collection are hugely diverse, ranging from PhD students concerned with research methods and institutional obstacles, to mid-career scholars presenting their innovative beyond-reductionism research methods, to emeritus professors looking back over what has been achieved in the past 30 years and suggesting where things might go from here.

All the contributors begin from the premise that the challenges of the Anthropocene can only be successfully met if interdisciplinary research effectively brings together social and natural sciences, the humanities, stakeholders and decision makers. They conclude, in unison, that both the institutional and the methodological foundations needed to do this work are still sorely lacking. While this may seem a dismal position, the book is full of success stories, such as: the integrative approach of MuSIASEM (Multi-Scale Integrative Assessment of Social-Ecological Metabolism) developed by Mario Giampietro s group in Barcelona, Spain; the alternative perspectives of what Ariel Salleh calls the meta-industrial discourse in Ecofeminism; or the innovative trans-departmental status of the Stockholm Resilience Centre in Sweden. Putting both the theoretical and methodological challenges of moving beyond reductionism on the table for discussion, this text aims to help a growing community of passionate thinkers and actors better understand themselves and their work.

Chris Ryan, as editor of Tourism Management, the author of several books and a researcher with an international reputation, has revisited his book, Recreational Tourism, after a gap of more than ten years. This new edition is an appraisal of that which is still thought to be valid, but with a significant updating in the light of new research. The structure of the book has been slightly changed to better reflect, not only current thinking, but the nature of existing texts and the greater degree of specialisation that now exists in the tourism literature. The book is primarily concerned with the determinants of tourism demand, the implications of that demand, and the problems posed for those who, in whatever capacity, seek to manage tourism at the destination level. After a new chapter that presents a history of tourism where the discerning reader can see that which is old and that which is new, the rest of the book analyses social, economic and psychological determinants of demand and discusses the broad aspects of destination change and the challenges presented to those responsible for managing such change. The book represents a learned introduction to the subject, a review of the developing literature and thinking that can be classified as broadly postpositivistic. In a curious manner it represents a return to the conventional, but within a new awareness of competing interpretations of one of the leading economic drivers of the new millennium.

Chris Ryan, as editor of Tourism Management, the author of several books and a researcher with an international reputation, has revisited his book, Recreational Tourism, after a gap of more than ten years. This new edition is an appraisal of that which is still thought to be valid, but with a significant updating in the light of new research. The structure of the book has been slightly changed to better reflect, not only current thinking, but the nature of existing texts and the greater degree of specialisation that now exists in the tourism literature. The book is primarily concerned with the determinants of tourism demand, the implications of that demand, and the problems posed for those who, in whatever capacity, seek to manage tourism at the destination level. After a new chapter that presents a history of tourism where the discerning reader can see that which is old and that which is new, the rest of the book analyses social, economic and psychological determinants of demand and discusses the broad aspects of destination change and the challenges presented to those responsible for managing such change. The book represents a learned introduction to the subject, a review of the developing literature and thinking that can be classified as broadly postpositivistic. In a curious manner it represents a return to the conventional, but within a new awareness of competing interpretations of one of the leading economic drivers of the new millennium.

Over five decades of economic and technical assistance to the countries of Africa and the Middle East have failed to improve the life prospects for over 1.4 billion people who remain vulnerable. Billions of dollars have been spent on such assistance and yet little progress has been made. Persistent hunger and hopelessness threaten more than individuals and families. These conditions foster political alienation that can easily metastasize into hostility and aggression. Recent uprisings in the Middle East are emblematic of this problem. Vulnerable people give rise to vulnerable states. This book challenges the dominant catechism of development assistance by arguing that the focus on economic growth (and fighting poverty) has failed to bring about the promised "convergence." Poor people and poor countries have clearly not closed the gap on the rich industrialized world. Pursuing convergence has been a failure. Here we argue that development assistance must be reconstituted to focus on creating economic coherence. People are vulnerable because the economies in which they are embedded do not cohere. The absence of economic coherence means that economic processes do not work as they must if individual initiative is to result in improved livelihoods. Weak and vulnerable states must be strengthened so that they can become partners in the process of creating economic coherence. When economies do not cohere, countries become breeding grounds for localized civil conflicts that often spill across national borders.

To understand China s climate change policy is not easy, as the country itself is a paradox actor in global climate political economy: it used to take very suspicious stand on the scientific certainty of climate change, but recently it has become a signatory and firm supporter of the Kyoto Protocol; it stubbornly refuses to accept any emission cutting obligations, but has gradually taken the lead in developing renewable energies and carbon trading business; it accuses western countries of their hypocrisy and irresponsibility, but ironically maintains close cooperation with them on low-carbon projects; it fears climate mitigation commitments may hamper the economic growth, but meanwhile spends most lavishly on the research and development of clean energy and other green technologies.

This book, unlike other researches which explain China s climate policy from pure economics or politics/foreign policy perspectives, provides a panoramic view over China s climate-related regulations, laws and policies as well as various government and non-government actors involved in the climate politics. Through analyzing the political and socioeconomic factors that influence the world s largest carbon emitter s participation into the global collective actions against climate change, the book argues that as a vast continental state with a mix of authoritarian politics and a quasi-liberalised market economy, China s climate policy process is fragmented and self-defensive, seemingly having little room for significant compromises or changes; yet in response to the mounting international pressures and energy security concerns and attracted by lucrative carbon businesses and clean energy market, the regime shows some sort of better-than-expected flexibility and shrewdness in coping with the newly-emerged challenges. Its future climate actions, whether effective or not, are vital not only for the success of the global mitigation effort, but for China s own economic restructure and sustainable development.

The book is a unique research monograph on the evolving domestic and foreign policies taken by the Chinese government to tackle climate change challenges. It concludes that instead of being motivated by concern about its vulnerability to climate change, Chinese climate-related policies have been mainly driven by its intensive attention to energy security, business opportunities lying in emerging green industries and image consideration in the global climate politics.

The book reveals the changing dynamics of the helium industry on both the supply-side and the demand-side. The helium industry has a long-term future and this important gas will have a role to play for many decades to come. Major new users of helium are expected to enter the market, especially in nuclear energy (both fission and fusion). Prices and volumes supplied and expected to rise and this will prompt greater efforts towards the development of new helium sources and helium conservation and recycling.

This book assembles a host of front-line insights on the role of power and inequalities in shaping patterns of land use and resource management. Most of the contributions are informed by the notion of political ecology, recognizing that human relations to the environment and human social relations are not separate phenomena but inextricably intertwined.

The volume is unique is that it sets this approach in a trans-disciplinary, global and historical framework; the contributors represent a spectrum of academic disciplines including anthropology, sociology, geography, economics, economic history, historical archaeology, human ecology, development studies, and sustainability science.

This text provides a comprehensive introduction to the important issues of land use and forest economics. The authors employ economic tools to study the allocation of land among alternative activities such as agriculture, grazing and forestry which impact upon the landscape. The book begins by explaining general economic concepts of well-being, welfare measurement and economic rents before providing a synopsis of various environmental economic issues including non-market valuation, cost-benefit analysis and sustainable development. The authors then move on to address several critical topics relating to land use, the conservation of nature and the protection of agricultural land. These include an analysis of agricultural land use from the perspective of urban expansion and the interface between crop production and nature. They also discuss the economics of public lands, range and ranching, forestry, and global climate change in a comprehensive fashion. Throughout the book, the focus is on enhancing welfare for society as a whole, rather than for particular individuals, interest groups or sectors. In this way, the authors present a balanced and just approach to policy decisions regarding the allocation of scarce land resources. Accessible and self-contained, this text will become indispensable to postgraduate and undergraduate students on a range of courses including agricultural and environmental economics, geography and resource management. Although primarily a textbook, it will also provide a useful overview for policymakers, range scientists, public land managers and anyone with an interest in the economic evaluation of rural land use and forestry.

In this classic book, originally published in 1968 by University of Toronto Press, John Dales proposed a new policy instrument for tackling pollution problems, namely 'markets in pollution rights'. Dales was one of the first economists to put forward such a solution, and in subsequent years a system of emissions trading has evolved which is now a centrepiece in international discussions of how to address the problem of global climate change. Policymakers around the world are still exploring ways in which the marketable-rights approach may be used to increase the effectiveness of environmental regulation. From this perspective, readers will find this short and extremely readable book of great interest - as a return to the basic idea in its original form and a lucid justification for its continued use.

India has moved along an impressive growth path over the last decade, marked with falling share of agriculture, stagnating manufacturing, expanding services segment, growing trade orientation, enhanced FDI inflows etc. The consequent growth implications are obvious as far as the numbers like GDP growth rate and Per Capita GDP trend are concerned, but how sustainable the associated development is with respect to resource management and environmental governance?

This book captures the economy-wide impacts of various activities on environment in India. The environmental impacts on water, air, soil quality and human health are captured through case studies from different parts of India. Analyzing separately the concern areas within agriculture (cultivation, aquaculture), manufacturing (industrial pollution, power generation), services (waste management, bio-medical waste, e-waste recycling) and external sector (agricultural trade, FDI inflow, trade in waste products) performance of India, the book attempts to find an answer to that crucial question. The methodology adopted to capture the environmental impacts of various economic activities is derived from the relevant branches like environmental economics, agricultural economics, and water resources economics. The book, focusing on particular sectors, indicates the concern areas and possible ways for enhancing environmental governance.

During the five decades since its origin, law and economics has provided an influential framework for addressing a wide array of areas of law ranging from judicial behaviour to contracts. This book will reflects the first-ever forum for law and economics scholars to apply the analysis and methodologies of their field to the subject of wildfire. The only modern legal work on wildfire, the book brings together leading scholars to consider questions such as: How can public policy address the effects of climate change on wildfire, and wildfire on climate change? Are the environmental and fiscal costs of ex ante prevention measures justified? What are the appropriate levels of prevention and suppression responsibility borne by private, state, and federal actors? Can tort liability provide a solution for realigning the grossly distorted incentives that currently exist for private landowners and government firefighters? Do the existing incentives in wildfire institutions provide incentives for efficient private and collective action and how might they be improved?

Environmental policy may produce effects which go beyond the scope of the specific policy's initial aim. Reforestation, for example, generates positive benefits not only in the shape of climate protection but also in the shape of the combat of biodiversity loss and it may also raise the attractiveness of a region for tourists. There are several examples of environmental policies, generating initially unintended co-effects. These co-effects are not always positive, of course. This book addresses the wide range of (co-)effects associated with environmental policies which may increase or decrease the attractiveness of these policies. Therefore, the book's scope goes beyond the standard economic analyses, which regularly postulate a specific cause-and-effect chain. The complexity and wide range of benefits is investigated from different perspectives and by means of different methodologies. Among the environmental policies discussed are climate mitigation policies as well as adaptation policies. The inclusion of all relevant effects of environmental policy (and therefore not only of the primarily intended effects) tends to have a strong impact on the efficient policy design. The areas which are covered by the book will be of great interest mainly for economists (environmental economics, ecological economics), ecologists and political scientists as well as practitioners, scientists and policy makers.

National Accounting Matrices of Environmental Accounts (NAMEA) tables are used to analyze a range of environmental pressures and economic data resulting from consumption and production patterns -- helping us gain a far better notion of the consequences of individuals', households' and firms' actions for the world we live in. This book deals with the increasingly complex issues of hybrid environmental and economic accounts. The perspective of environmental accounting for the analysis of the relationships between the economic and environmental systems, especially regarding the satellite accounts like NAMEA, is relatively recent, and partly derives from the conceptual and applied deficits that have emerged during the setting up of green GDP or GNP measures as alternative measures of accounting. NAMEA provides a comprehensive and integrated picture of the economic system in association with the environmental system (physical pressures such as emissions) by a sector classification.This book is an integrated collection of complementary papers that revolve around the issue of environment-economic accounting In the first part a historical background and empirical issues related to the NAMEA-type table definitions and estimations open the book, followed by some applications and analyses mainly applied to a sub-national level. The second part opens the window to international case studies for different EU countries and studies with methodological insights. These policy-oriented, original works are primarily from an applied perspective, although theoretical aspects are also fully developed. The book should be of use to Environmental and Ecological economics students and researchers, as well as those studying the more general field of Environment studies.

It is increasingly evident that the conventional scientific approach to economic processes and related sustainability issues is seriously flawed. No economist predicted the current planetary crisis even though the world has now undergone five severe recessions primed by dramatic increases in the price of oil. This book presents the results of more than twenty years of work aimed at developing an alternative method of analysis of the economic process and related sustainability issues: it is possible to perform an integrated and comprehensive analysis of the sustainability of socio-economic systems using indicators and variables that have been so far ignored by conventional economists.

The book 's innovative approach aims to provide a better framework with which we can face the predicaments of sustainability issues. It begins by presenting practical examples of the shortcomings of conventional economic analysis and examines the systemic problems faced when trying to use quantitative analysis for governance. In providing a critical appraisal of current applications of economic narratives to the issue of sustainability, the book presents several innovative concepts required to generate a post-Newtonian approach to quantitative analysis in the Musiasem approach. An empirical section illustrates the results of an analysis of structural changes in world and EU countries. Finally, the book, using the insight gained in the theoretical and empirical analysis, exposes the dubious quality of many narratives currently used in the sustainability debate.

Overall, the performance of modern economies across different hierarchical levels of organization and across different disciplinary knowledge systems is fully analyzed and a more realistic measure of happiness and well-being is devised. The book should be of interest to researchers and students looking at the issue of sustainability within a variety of disciplines.

The urgent need for a sustainable environment has resulted in the increased recognition of the field of landscape ecology amongst policy makers working in the area of nature conservation, restoration and territorial planning. Nonetheless, the question of what is precisely meant by the term 'landscape ecology' is still unresolved. Is it, for example, an interdisciplinary approach to the study of the environment at a landscape scale? Or perhaps at the level of biological organisation? Still further, has the inseparability of landscape and culture affected the scope of 'landscape ecology'? No doubt, a proper foundation of the discipline must first be cemented. This book then develops such a foundation. In doing so it provides all the diverse applications of the discipline with a solid framework and proposes an effective diagnostic methodology to investigate the ecological state and the pathologies of the landscape.

The major goal of the book is to create an environment for matching different d- ciplinary approaches to studying economic growth. This goal is implemented on the basis of results of the Symposium "Applications of Dynamic Systems to E- nomic Growth with Environment" which was held at the International Institute for Applied Systems Analysis (IIASA) on the 7th-8th of November, 2008, within the IIASA Project "Driving Forces of Economic Growth" (ECG). The symposium was organized by coordinators of the ECG project: Jesus Crespo-Cuaresma from IIASA World Population Program, and Tapio Palokangas and Alexander Tarasyev from IIASA Dynamic Systems Program. The book addresses the issues of sustainability of economic growth in a cha- ing environment, global warming and exhausting energy resources, technological change, and also focuses on explanations of signi?cant ?uctuations in countries' growth rates. The chapters focus on the analysis of historical economic growth - periences in relation to environmental policy, technological change, development of transport infrastructure, population issues and environmental mortality. The book is written in a popular-science style, accessible to any intelligent lay reader. The prime audience for the book is economists, mathematicians and en- neersworkingonproblemsofeconomicgrowthandenvironment.Themathematical part of the book is presented in a rigorous manner, and the detailed analysis is - pected to be of interest to specialists in optimal control and applications to economic modeling. The book consists of four interrelated parts.

Nicolas Buclet Waste management issues can be approached in several ways. The question of which treatment technique to adopt is essentially a downstream problem. In our view the issue needed to be tackled further upstream. Waste management is not only a technical problem, it is also an area which involves various actors throughout society. In this book, as in the previous volume (Buclet, Godard, 2000), the organisation of waste management is seen in terms of regimes. A regime is an entire form ofinstitutional, technical, economic and social organisation relating to a specific field, no matter how complex that field is. Regime formation is generally a long-drawn-out process, rooted in the multiple interactions of the actors involved. Legislation plays a crucial role but would not, of itself, lead to the formation of a regime. There is always the old question of causality and which element occurs first: the behaviour of actors who constitute the reality, or the legislation that models their behaviour? Besides legislation, other formal or informal conventions influence the behaviour of actors approaching a common path, making co ordination easier between them. In this book we have insisted on conventional principles. They are the real guides for actors within each national regime."

This volume includes a selection of papers presented at the EURESCO Conference "The International Dimension of Environmental Policy" held in Kerkrade, The Netherlands, in October 2000. We would like to thank those who made this conference possible: the European Science Foundation (ESF), which provided financial and organizational support; the European Commission EURESCO Programme; the Netherlands Organization for Scientific Research (NWO), which sponsored the conference under the research project: "Environmental Policy, International Competitiveness and the Location Behavior of Firms"; and GLOBUS, Tilburg University. The European Science Foundation (ESF), the EURESCO Programme, NWO and GlOBUS cannot be held responsible for the contents and/or opinions expressed in this volume. Our gratitude also goes to the people who assisted us in editing this volume: the papers' referees, the authors, our publisher Kluwer, and Ineke Lavrijssen and Evelyn Rogge for invaluable editorial help at different stages of this project. Laura Marsiliani W. Allen Wallis Institute of Political Economy, University of Rochester, USA and Department of Economics and Finance, University of Durham, United Kingdom; Michael Rauscher Institute of Economics, Rostock University, Germany; Cees Withagen Department of Economics and CentER, Tilburg University, The Netherlands and Department of Economics, Vrije Universiteit Amsterdam, The Netherlands. [Marsiliani, L., Rauscher, M. and Withagen, C] (eds.), [Environmental Economics and the International Economy], vii.

The monetary valuation of environmental goods and services has evolved from a fringe field of study in the late 1970s and early 1980s to a primary focus of environmental economists over the past decade. Despite its rapid growth, practitioners of valuation techniques often find themselves defending their practices to both users of the results of applied studies and, perhaps more troubling, to other practitioners.

One of the more heated threads of this internal debate over valuation techniques revolves around the types of data to use in performing a valuation study. In the infant years of the development of valuation techniques, two schools of thought emerged: the revealed preference school and the stated preference school, the latter of which is perhaps most associated with the contingent valuation method. In the midst of this debate an exciting new approach to non-market valuation was developed in the 1990s: a combination and joint estimation of revealed preference and stated preference data.

There are two primary objectives for this book. One objective is to fill a gap in the nonmarket valuation "primer" literature. A number of books have appeared over the past decade that develop the theory and methods of nonmarket valuation but each takes an individual nonmarket valuation method approach. This book considers each of these valuation methods in combination with another method. These relationships can be exploited econometrically to obtain more valid and reliable estimates of willingness-to-pay relative to the individual methods. The second objective is to showcase recent and novel applications of data combination and joint estimation via a set of original, state-of-the-art studies that are contributed by leading researchers in the field. This book will be accessible to economists and consultants working in business or government, as well as an invaluable resource for researchers and students alike.

As "business as usual" has become the mantra of today's world, it's unlikely to see a decrease in hazardous waste generated from greater economic growth. Written by renowned experts, the book suggests a solution, supported by theoretical arguments to this waste problem. The book discusses how main problems for waste management can be addressed through appropriate policies adopted by governments in OECD countries.

The book also raises thoughtful questions on how household waste management services should be privatized and who should pay for the disposal and recycling costs. It attempts to answer these questions. The book considers several factors hindering the first-best optimal outcome and highlights two crucial ones. It elaborates further with models and the solutions on how to overcome these obstacles.

The book covers not only traditional resource economics and waste management, but also the recent problem of Electric waste (E-waste) and illustrates in details, how the environments of developing countries are inevitably polluted even with the Basel ban Amendment in place. The book proposes an alternative international trading regulation to address E-waste. This book will certainly appeal to industry decision-makers, policy makers and legislators.

This outstanding text, a follow-up to the authors' award-winning 1982 text, provides a thorough treatment of economic welfare theory and develops a complete theoretical and empirical framework for applied project and policy evaluation. The authors illustrate how this theory can be used to develop policy analysis from both theory and estimation in a variety of areas including: international trade, the economics of technological change, agricultural economics, the economics of information, environmental economics, and the economics of extractive and renewable natural resources. Building on willingness-to-pay (WTP) measures as the foundation for applied welfare economics, the authors develop measures for firms and households where households are viewed as both consumers and owner/sellers of resources. Possibilities are presented for (1) approximating WTP with consumer surplus, (2) measuring WTP exactly subject to errors in existing econometric work, and (3) using duality theory to specify econometric equations consistent with theory. Later chapters cover specific areas of welfare measurement under imperfect competition, uncertainty, incomplete information, externalities, and dynamic considerations. Applications are considered explicitly for policy issues related to information, international trade, the environment, agriculture, and other natural resource issues. The Welfare Economics of Public Policy is ideal for graduate and undergraduate courses in applied welfare economics, public policy, agricultural policy, and environmental economics and provides an essential reference for practitioners of applied welfare economics.

'frees contribute a major part of fuel, fodder and fruit, and are an im of bioenergy. They are now needed in large numbers more portant source than ever before for afforestation and social forestry, so that fast-grow ing and multipurpose trees assume great importance. After extensive in discriminate deforestation and rapid depletion of genetic stocks, efforts are now being made to evolve methods for clonal mass propagation of improved and elite trees. Production of short-duration trees with a rapid turnover of biomass, and induction of genetic variability through in vitro manipulation for the production of novel fruit and forest trees, which are high-yielding and resistant to pests and diseases, and trees which display increased photosynthetic efficiency are in demand. These objectives are well within the realm of horticultural and forest biotech nology. Some of the recent advances, such as the regeneration of com plete trees from isolated protoplasts, somatic hybridization, and the Agrobacterium-mediated transformation in various tree species have opened new vistas for the genetic engineering of fruit and forest trees. This book is a continuation of the earlier volume Trees I, and presents 31 chapters on fruit, forest, nut and ornamental trees, such as avocado, pineapple, crabapple, quince, pistachio, walnut, hazelnut, date palm, oil palm, cacao, rubber, maple, sweet-gum, poplars, birches, Chinese tallow, willows, oaks, paper mulberry, rhododendrons, Scots pine, Calabrian pine, Douglas-fir, redwood, ginkgo, cycads and some flowering trees."

As progress towards a greater knowledge in sustainability science continues, the question of how better to integrate scientific progress with actual decisions made by practitioners remains paramount. This book aims to help close the gap between science and practice. Based on a two year collaborative project between Harvard and Clark Universities, the book takes as its focus the vulnerability and resilience of people around the world to the effects of environmental change, a mature area of research in which one might expect the gap between science and policy/practice to have been extensively bridged. The book presents analysis of past studies, interviews conducted with the producers and users of scientific knowledge, and case studies performed by leading scholars across a spectrum of international settings and political systems. Crucially, the authors identify new directions and tools for closing the gap between science and policy across a range of situations and societies. The result is an illuminating collection of studies and analyses that suggest to researchers, students, practitioners, and policy-makers alike how best to ensure that high quality environmental research informs good environmental policy and practice. ACKNOWLEDGEMENTS The editors and authors are grateful to Lu Ann Pacenka, who formatted the text of the book.? The editors also wish to express their appreciation to Bill Clark and Nancy Dickson of Harvard University, who commissioned and provided oversight for the preparation of the volume.? Both editors and authors wish to express their appreciation to the David and Lucile Packard Foundation for providing funds to support the project.? Finally, the editors are grateful for the continuing support of the George Perkins Marsh Institute at Clark University. Published with Science in Society

The marginal price elasticities estimated by Martinez-Espineira conforms to expectation. The price specification that accounts for the changing proportion of water users in each block yields a higher elasticity (-0. 47) compared to the spec ification ignoring this feature of the data. However, this difference is not found to be statistically significant, a result attributed to the low power of the test (small sample size limiting the accuracy of estimates). In conclusion, the paper provides a theoretically correct price specification for demand functions under block pricing and aggregate data. The empirical findings in the paper, however, are not conclusive and further empirical work using more data and alternative (nonlinear) demand functions, is needed to show the practical implications of the arguments put forward by the Martinez-Espineira's paper. Static empirical consumer demand functions estimated with aggregate data are well known to suffer form serial correlation and other statistical problems asso ciated with misspecified dynamics. These dynamics arise because consumers do not react immediately to a change in prices due to their largely predetermined lifestyle. In the case of demand for water, for example, current purchases can be largely predetermined due to commitments arising from past purchases such as swimming pools, bathtubs, dishwashing machines, etc. Muellbauer and Pashardes (1992) show that the autoregressive nature of consumer demand data can be cap tured in a theoretically consistent manner by incorporating intertemporal aspects of consumer behaviour in the model through habit formation and durability."

Provides a conceptual set of tools for how to approach environmental issues in a rigorous and thoughtful manner, based on an analysis of incentives, property rights, market failure, supply and demand constraints, and insights from behavioral economics. Easy-to-read and filled with real-world examples of the most complex environmental challenges, " "this book demonstrates that sound economic analysis and reasoning can be one of the environmental community's strongest allies.