Environmental economics and natural resource management

Cover -- Half Title -- Title Page -- Copyright Page -- Dedication -- Table of Contents -- Preface -- Acknowledgements -- Part I:Building a Foundation -- Chapter 1. The Big Picture -- Market Failure: Can We Trust the Free Market? -- Waste and Recycling: Where Can We Put It All? -- Sustainable Development: How Long Can This Last? -- Biodiversity: What Is a Flamingo Worth? -- Environmental Degradation: How Much Pollution Is Too Much? -- Alternative Energy Sources: Why Aren't They Here? -- Population and Economic Growth: Are We Doomed to Starvation? -- Natural Resource Management: When Should I Harvest My Elms? -- Environmental Ethics: What Can We Do? What Must We Do? What Should We Do? -- Summary -- Problems for Review -- Websurfer's Challenge -- Internet Resources -- Further Reading -- Chapter 2. Efficiency and Choice -- Scrutinizing Efficiency -- Cost-Benefit Analysis -- Types of Efficiency -- What Goods and ServicesShould Be Produced? -- With What Resources ShouldGoods and Services Be Produced? -- Who Will Receive the Final Products? -- Supply and Demand -- Expected-Value Calculations -- How Much Is That Animal Worth? -- Summary -- Problems for Review -- Websurfer's Challenge -- Internet Resources -- Further Reading -- Appendix Efficiency Criteria in Greater Detail -- Allocative Efficiency -- Productive Efficiency -- Distributive Efficiency -- Further Explanation of MRS, MRT, and RTS -- Marginal Rate of Substitution -- Marginal Rate of Transformation -- Marginal Rate of Technical Substitution -- Chapter 3. Market Failure -- Why Markets Fail -- Imperfect Competition -- Imperfect Information -- Externalities -- Public Goods -- Summary -- Problems for Review -- Websurfer's Challenge -- Internet Resources -- Further Reading -- Chapter 4. The Role of Government -- The Meaning and Purpose of Government -- What Is Government? -- Is Government Necessary?