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First published in 1988, this book examines pollution and natural resources in relation to economic analysis. The section on pollution looks at areas such as the main problems in the field at the time, possible remedies and the environmental costs involved. In regards to natural resources, the book considers both the exploitation of non-renewable resources and commercial fishing. The non-technical introduction to the main problems set out in each chapter will appeal to the general reader whilst the formal models and more technical parts make the material equally suitable for more advanced s

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

The dissertation consists of five chapters in Environmental Economics and Policy. The first three chapters consider (optimal) policy in situations where multiple market failures interact, or there exist restrictions on the type or scope of policy instruments available to the policymaker. The first chapter assesses under what conditions, and what type of, unilateral policy can prevent rising global emission concentrations. The second chapter analyzes second-best optimal environmental policy responses to real and financial shocks when firms are subject to credit constraints. The third chapter explores optimal transitory tax policy when the adjustment to a new consumption bundle is slow due to habit formation and the lack of habit internalization. The last two chapters focus on the size of the environmental externality, and the evaluation of policy effectiveness respectively. The fourth chapter develops a closed-form formula to compute the social cost of carbon (SCC), which explains the parameter-driven SCC variation of a mainstream IAM without systematic bias, and allows for an analytic breakdown and quantification of how different sets of parameters contribute to the SCC distribution. The fifth and final chapter is an empirical assessment of the effect of car registration and road taxes on vehicles average CO2 emissions from new vehicles in the EU15 countries over the period 2001-2010.