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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.

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

Environmental Economics: The Essentials offers a policy-oriented approach to the increasingly influential field of environmental economics that is based upon a solid foundation of economic theory and empirical research. Students will not only leave the course with a firm understanding of environmental economics, but they will also be exposed to a number of case studies showing how underlying economic principles provided the foundation for specific environmental and resource policies. This key text highlights what insights can be derived from the actual experience. Key features include: Extensive coverage of the major issues including climate change, air and water pollution, sustainable development, and environmental justice; Introductions to the theory and method of environmental economics including externalities, experimental and behavioral economics, benefit-cost analysis, and methods for valuing the services provided by the environment; Boxed Examples' and Debates' throughout the text which highlight global examples and major talking points. The text is fully supported with end-of-chapter summaries, discussion questions, and self-test exercises in the book, as well as with multiple-choice questions, simulations, references, slides, and an instructor's manual on the Companion Website. This text is adapted from the best-selling Environmental and Natural Resource Economics, 11th edition, by the same authors.

The book presents new developments in the dynamic modeling and optimization methods in environmental economics and provides a huge range of applications dealing with the economics of natural resources, the impacts of climate change and of environmental pollution, and respective policy measures. The interrelationship between economic activities and environmental quality, the development of cleaner technologies, the switch from fossil to renewable resources and the proper use of policy instruments play an important role along the path towards a sustainable future. Biological, physical and economic processes are naturally involved in the subject, and postulate the main modelling, simulation and decision-making tools: the methods of dynamic optimization and dynamic games.

1. A reconsideration of environmental federalism / Wallace E. Oates -- 2. Global environmental governance, political lobbying and transboundary pollution / Surjinder Johal and Alistair Ulph -- 3. Endogenous transfrontier pollution / Michael Rauscher -- 4. Allocating greenhouse gas emissions among countries with mobile populations / Michael Hoel -- 5. Environmental regulation and international trade : a general equilibrium approach / Chris Elbers and Cees Withagen -- 6. The ups and downs of the environmental Kuznets curve / Arik Levinson -- 7. Participation in industry-wide voluntary approaches : short-run vs. long-run equilibrium / Na Li Dawson and Kathleen Segerson -- 8. Irreversible development of a natural resource : management rules and policy issues when direct use values and environmental values are uncertain / Anastasios Xepapadeas -- 9. A model of neighbourhood conditions and internal household environments / Mark Agee and Thomas Crocker -- 10. Environmental policy and the timing of drilling and production in the oil and gas industry / Mitch Kunce, Shelby Gerking and William Morgan -- 11. Using flexible scenarios in benefit estimation : an application to the cluster rule and the pulp and paper industry / Susan Kask ... [et al.] -- 12. Trade-off at the trough : TMDLs and the evolving status of US water quality policy / Carol Mansfield and V. Kerry Smith -- 13. Heterogeneous preferences and complex environmental goods : the case of ecosystem restoration / J. Walter Milon and David Scrogin -- 14. Incentives in public goods experiments : implications for the environment / Jacob Goeree -- Charles Holt and Susan Laury -- 15. An experimental test for options value : relevance for contingent valuation elicitation / David Bjornstad ... [et al.] -- 16. Is the scope test meaningful in the presence of other-regarding behaviour? / William Schulze ... [et al.].

The book presents new developments in the dynamic modeling and optimization methods in environmental economics and provides a huge range of applications dealing with the economics of natural resources, the impacts of climate change and of environmental pollution, and respective policy measures. The interrelationship between economic activities and environmental quality, the development of cleaner technologies, the switch from fossil to renewable resources and the proper use of policy instruments play an important role along the path towards a sustainable future. Biological, physical and economic processes are naturally involved in the subject, and postulate the main modelling, simulation and decision-making tools: the methods of dynamic optimization and dynamic games

Introduction: Economics and Environmental Degradation -- Environmental Externalities and Their Internationalization Through Voluntary Approaches -- Monetary Valuation of the Environment -- A Comparison of Environmental Policy Instruments -- International Environmental Problems

Top European and American scholars contribute to this cutting-edge volume on little-researched areas of environmental and resource economics. Topics include spatial economics, poverty and development, experimental economics, large-scale risk and its management, organizational economics, technological innovation and diffusion and many more

Sustainable development, climate policy, biodiversity conservation - all these represent flash points at the intersection of environmental science, economics, and public policy. This volume offers a snapshot of environmental economic research on a range of policy-relevant problems. Academic contributions are complemented by the views of policy makers on environmental policy priorities, the usefulness of academic research for decision making, and the future of applied research.

3: STRUCTURAL EQUATION MODELLING AND THE CAUSAL EFFECT OF PERMANENT INCOME ON LIFE SATISFACTION: THE CASE OF AIR POLLUTION VALUATION IN SWITZERLAND; 1. Introduction; 2. Literature Review; 3. Methodology; 4. Data; 5. Empirical Results; 6. Conclusions; Acknowledgements; Note; References; 4: THE DECOMPOSITION AND DYNAMICS OF INDUSTRIAL CARBON DIOXIDE EMISSIONS FOR 287 CHINESE CITIES IN 1998-2009; 1. Introduction; 2. Survey of Related Literature; 3. Decomposition of Carbon Dioxide Emissions in Chinese Cities.

1. What is urban and environmental economics? -- 2. Perspectives in urban and environmental economics -- 3. The built and natural environment according to economists -- 4. The basic economic problem in shared spaces -- 5. Limits to growth : balancing space and resources -- 6. Market forces : demand and supply -- 7. Failure of the market and externalities -- 8. Cost-benefit analysis and discounting -- 9. Macroeconomic considerations -- 10. Macroeconomic government objectives and policy -- 11. Shared urban space : themes and application -- 12. Environmental resources and use in urban space -- 13. Policy and contemporary challenges.

Cover -- Half Title -- Title -- Copyright -- Brief Contents -- Contents -- List of figures -- List of tables -- Preface -- An overview of the book -- Acknowledgements -- Section I Economic analysis: options and applications -- 1 The role of economics in formulating and implementing policy -- Introduction -- The role of economics -- The use of models -- The road ahead -- The overarching questions -- Discussion questions -- Self-test exercise -- 2 The economic approach: property rights, externalities, and environmental problems -- Introduction -- The economic approach -- Environmental problems and economic efficiency -- Static efficiency -- Property rights -- Property rights and efficient market allocations -- Efficient property rights structures -- Producer's surplus, scarcity rent, and long-run competitive equilibrium -- Externalities as a source of market failure -- The concept introduced -- Types of externalities -- Perverse incentives arising from some property right structures -- Public goods -- Imperfect market structures -- Asymmetric information -- Government failure -- Summary -- Discussion questions -- Self-test exercises -- 3 The role of policy instrument choice in efficient environmental management -- The changing role for government over time -- The choice of policy instruments -- The role of policy instruments: defining the objectives -- Categories of policy instruments -- Dealing with asymmetric information -- Summary -- Self-test exercises -- 4 Evaluating trade-offs: benefit-cost analysis and other decision-making metrics -- Introduction -- Normative criteria for decision making -- Evaluating predefined options: benefit-cost analysis -- Finding the optimal outcome -- Relating optimality to efficiency -- Comparing benefits and costs across time -- Dynamic efficiency -- Applying the concepts -- Pollution control.

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