This intermediate-level undergraduate textbook in environmental
economics builds on the microeconomics courses students take in
their first year. It intentionally does not survey the whole field
or present every possible topic. Instead, there is a clear focus on
the theory of environmental policy and its practical applications.
Most of the applied parts of the book deal with the economics of
environmental policy in the European Union and in the United
States. The book combines basic environmental economic analysis,
such as the internalization of externalities, with recent
developments in this field, including induced technical change and
coalition theory. Moreover, topics from daily policy debates such
as global warming are put into economic perspective. This is done
in an intelligible form for advanced undergraduate students of
economics, business administration, and related fields. Each part
of the book contains a set of exercises and suggested solutions.
General
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