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Markets and the environment / by Nathaniel O. Keohane, Sheila M. Olmstead.

By: Contributor(s): Material type: TextTextSeries: Foundations of contemporary environmental studiesPublisher: Washington, DC : Island Press/Center for Resource Economics, [2016]Copyright date: �2016Edition: Second editionDescription: 1 online resource (xvi, 307 pages) : illustrationsContent type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9781610916080
  • 1610916085
Subject(s): Genre/Form: Additional physical formats: Print version:: Markets and the Environment.DDC classification:
  • 333.7 23
LOC classification:
  • HC79.E5
Online resources:
Contents:
Introduction -- 2. Economic Efficiency and Environmental Protection -- 3. The Benefits and Costs of Environmental Protection -- 4. The Efficiency of Markets -- 5. Market Failures in the Environmental Realm -- 6. Managing Stocks: Natural Resources as Capital Assets -- 7. Stocks that Grow: The Economics of Renewable Resource Management -- 8. Principles of Market-based Environmental Policy -- 9. The Case for Market-Based Instruments in the Real World -- 10. Market Based Instruments in Practice -- 11. Sustainability and Economic Growth -- 12. Conclusion.
Summary: A clear grasp of economics is essential to understanding why environmental problems arise and how we can address them. So it is with good reason that this book has become a classic text in environmental studies since its first publication in 2007. Now thoroughly revised with updated information on current environmental policy and real-world examples of market-based instruments, the primer is more relevant than ever. The authors provide a concise yet thorough introduction to the economic theory of environmental policy and natural resource management. They begin with an overview of environmental economics before exploring topics including cost-benefit analysis, market failures and successes, and economic growth and sustainability.
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Introduction -- 2. Economic Efficiency and Environmental Protection -- 3. The Benefits and Costs of Environmental Protection -- 4. The Efficiency of Markets -- 5. Market Failures in the Environmental Realm -- 6. Managing Stocks: Natural Resources as Capital Assets -- 7. Stocks that Grow: The Economics of Renewable Resource Management -- 8. Principles of Market-based Environmental Policy -- 9. The Case for Market-Based Instruments in the Real World -- 10. Market Based Instruments in Practice -- 11. Sustainability and Economic Growth -- 12. Conclusion.

A clear grasp of economics is essential to understanding why environmental problems arise and how we can address them. So it is with good reason that this book has become a classic text in environmental studies since its first publication in 2007. Now thoroughly revised with updated information on current environmental policy and real-world examples of market-based instruments, the primer is more relevant than ever. The authors provide a concise yet thorough introduction to the economic theory of environmental policy and natural resource management. They begin with an overview of environmental economics before exploring topics including cost-benefit analysis, market failures and successes, and economic growth and sustainability.

Includes bibliographical references (pages 267-296) and index.

Online resource, title from PDF title page (EBSCO, viewed January 29, 2017).

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