This book aids those concerned about environmental issues to firmly grasp relevant analytical methods and to comprehend the thought process behind environmental economics. It does so by drawing from specific environmental issues and at the same time providing commentary that facilitates understanding. This text contains in-depth explanations necessary for a thorough understanding of the fundamental aspects and importance of environmental economics.
The environment and economics -- Normative and positive economic analysis -- Social choice : how much environmental protection? -- Efficiency and markets -- Market failure : public goods, public bads, and externalities -- Making decisions about environmental programs -- Demand for environmental goods -- Hedonic price methods -- Household production -- Constructed markets -- Regulating pollution -- Emission prices and fees -- Property rights -- Regulation over space and time -- Regulation with unknown control costs -- Audits, enforcement, and moral hazard -- Voluntary actions and agreements -- Managing risk and uncertainty -- International and interregional competition -- Environment, growth, and development
Front Cover -- Handbook of Environmental Economics -- Copyright -- Contents -- Contributors -- Introduction to the Series -- Preface -- 1 Modeling coupled climate, ecosystems, and economic systems -- 1 Introduction -- 2 Coupled Ecological/Economic Modeling for Robustness -- 2.1 Robust Control Methods in Coupled Ecological/Economic Systems -- 2.1.1 An Introduction to Robust Control Methods -- 2.1.2 A Deterministic Approximation to Robust Control Methods in Ecosystem Management -- 3 Climate Economics with Emphasis on New Modeling: Carbon Budgeting and Robustness -- 3.1 Cumulative Carbon Budgeting to Implement Temperature Limits -- 3.1.1 Deterministic Case: The Simplest Possible Model -- 3.1.2 Robust Emission Control with Multiplicative Uncertainty -- 3.1.3 Cumulative Carbon Budgeting and Climate Changes Damages -- 3.2 Climate Change Policy with Multiple Lifetime for Greenhouse Gases -- 4 Implementation -- 5 Energy Balance Climate Models and Spatial Transport Phenomena -- 5.1 Spatial Pattern Scaling -- 5.2 Discounting for Climate Change -- 6 Spatial Aspects in Economic/Ecological Modeling -- 7 Future Directions -- 7.1 Bottom Up Implementation Rather than Top Down Implementation -- 7.2 Stochastic Modeling and Computational Approaches -- 7.3 Bifurcations and Tipping Points -- Appendix A -- A.1 Robust Control Methods -- A.2 The Case of Additive Uncertainty -- A.3 Time Consistency Issues of Solutions to Zero Sum Robust Control Games -- A.4 Climate Change Policy with Multiple Lifetime for Greenhouse Gases -- Appendix B Spatially Extended Deterministic Robust Control Problems -- B.1 An Example -- References -- 2 Ecology and economics in the science of anthropogenic biosphere change -- 1 Introduction -- 2 The Dynamics of Coupled Hierarchical Systems -- 3 Carrying Capacity and Assimilative Capacity -- 4 Resilience and Stability