Environmental Markets explains the prospects of using markets to
improve environmental quality and resource conservation. No other
book focuses on a property rights approach using environmental
markets to solve environmental problems. This book compares
standard approaches to these problems using governmental
management, regulation, taxation, and subsidization with a
market-based property rights approach. This approach is applied to
land, water, wildlife, fisheries, and air and is compared to
governmental solutions. The book concludes by discussing tougher
environmental problems such as ocean fisheries and the global
atmosphere, emphasizing that neither governmental nor market
solutions are a panacea.
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