Environmental and Natural Resource Economics

This 12th edition provides updated data, new studies and more international examples. There is a considerable amount of new material, with a deeper focus on climate change and coverage of COVID-19, social justice and the circular economy.

Part I: Introduction to the Field of Environmental and Natural Resource Economics 1. Visions of the Future 2. The Economic Approach: Property Rights, Externalities, and Environmental Problems 3. Evaluating Trade-Offs: Benefit-Cost Analysis and Other Decision-Making Metrics 4. Valuing the Environment: Methods 5. Dynamic Efficiency and Sustainable Development 6. Depletable Resource Allocation: The Role of Longer Time Horizons, Substitutes and Extraction Cost Part II: Economics of Pollution Control 7. Economics of Pollution Control: An Overview 8. Stationary-Source Local and Regional Air Pollution 9. Water Pollution: Managing water quality for rivers, lakes, and oceans 10. Toxic Substances and Environmental Justice Part III: Climate Section 11. Climate Change I: The Nature of the Challenge 12. Climate Change II: The Role of Energy Policy 13. Climate Change III: Carbon Pricing 14. Climate Change IV: Adaptation - Floods, fires and water scarcity 15. Transportation: Managing congestion and pollution Part IV: Natural Resource Economics 16. Ecosystem Services: Nature's Threatened Bounty 17. Common-Pool Resources: Commercially Valuable Fisheries 18. Forests: Storable, Renewable Resources 19. Land: A Locationally Fixed, Multipurpose Resource Part V: Sustainable Development 20. Sustainable Development: Meeting the Challenge End Matter: Answers to Self-Test Exercises Glossary Index