Economic Incentives are playing an increasingly important role in pollution control.This authoritative collection - edited by leading contributors to the field - presents the most important published work on the legal and economic instruments and institutions which have been used during the last thirty years to control pollution. The papers focus on issues of instrument design, implementation, enforcement and evaluation, and consider strategies for coping with uncertainty and 'second-best' situations.

Environmental Economics and Policy is a best-selling text for environmental economics courses. Offering a policy-oriented approach, it introduces economic theory, empirical fieldwork, and case studies that show how underlying economic principles provided the foundation for environmental policies.

Key features include:

Introductions to the theory and method of environmental economics, including externalities, benefit-cost analysis, valuation methods, and ecosystem goods and services.

Extensive coverage of the major issues including climate change mitigation and adaptation, air and water pollution, and environmental justice.

Boxed "Examples" and "Debates" throughout the text, which highlight global examples and major talking points.

This text will be of use to undergraduate students of economics. Students will leave the course with a global perspective of how environmental economics has played and can continue to play a role in promoting fair and efficient environmental management.

The text is fully supported with end-of-chapter summaries, discussion questions, and self-test exercises in the book. Additional online resources include references, as well as PowerPoint slides for each chapter.

Table of Contents

Section I. Economic Analysis: Options and Applications

1 The Role of Economics in Formulating and Implementing Policy

2 The Economic Approach: Property Rights, Externalities and Environmental Problems

3 The Role of Policy Instrument Choice in Efficient Environmental Management

4 Evaluating Trade-Offs: Benefit-Cost Analysis and Other Decision-Making Metrics

5 Valuing the Environment: Methods and Examples

Section II. Environmental Policy

6 Ecosystem Goods and Services: Nature’s Threatened Bounty

7 Fisheries Policy

8 Climate Change I: The Nature of the Challenge

9 Climate Change II: The Role of Energy Policy

10 Climate Change III: Carbon Pricing

11 Climate Change IV: Adaptation

12 Transportation: Managing Congestion and Local Pollution

13 Water: Managing Water Quality for Rivers, Lakes and Oceans

14 Toxics Policy and Environmental Justice

15 Meeting the Challenges: The Role of Economics

Environmental Economics and Policy is a best-selling text for environmental economics courses. Offering a policy-oriented approach, it introduces economic theory, empirical fieldwork, and case studies that show how underlying economic principles provided the foundation for environmental policies. Key features include: Introductions to the theory and method of environmental economics, including externalities, benefit-cost analysis, valuation methods, and ecosystem goods and services. Extensive coverage of the major issues including climate change mitigation and adaptation, air and water pollution, and environmental justice. Boxed "Examples" and "Debates" throughout the text, which highlight global examples and major talking points. This text will be of use to undergraduate students of economics. Students will leave the course with a global perspective of how environmental economics has played and can continue to play a role in promoting fair and efficient environmental management. The text is fully supported with end-of-chapter summaries, discussion questions, and self-test exercises in the book. Additional online resources include references, as well as PowerPoint slides for each chapter.