Environmental And Natural Resources Economics: Theory, Policy, And the Sustainable Society - 3rd Edition

Contents......Page 7
List of Tables and Figures......Page 17
Preface......Page 21
Part I Theory and Fundamentals......Page 25
Introduction......Page 27
Fundamental Concepts......Page 29
Some Reasons for Optimism and Some Reasons for Concern......Page 34
Overview......Page 38
Summary......Page 40
Review Questions and Problems......Page 41
Internet Links......Page 42
References and Further Reading......Page 43
Introduction......Page 45
Fundamentals of Ethical Systems......Page 46
Self-Interest, the Common Good, and Social Order......Page 54
Private Property......Page 56
On Positive and Normative Economics......Page 59
Summary......Page 60
Review Questions and Problems......Page 61
References and Further Reading......Page 63
Market Capitalism......Page 65
Conditions Required for a Well-Functioning Competitive Market......Page 66
Market Demand and Supply......Page 67
Market Equilibrium and Efficiency......Page 75
Market Failure......Page 79
Summary......Page 83
Review Questions and Problems......Page 84
Internet Links......Page 86
References and Further Reading......Page 87
Appendix: A Calculus-based Derivation of Supply Curves......Page 88
Positive Externalities......Page 90
Negative Externalities......Page 93
Summary......Page 106
Review Questions and Problems......Page 107
Internet Links......Page 109
References and Further Reading......Page 110
Introduction and Overview......Page 112
Allocating Nonrenewable Resources......Page 114
Allocating Recyclable Resources......Page 126
Allocating Renewable Resources......Page 129
Allocating Common-Pool Resources......Page 130
Ecosystem Services and Natural Capital......Page 137
Resources for the Future: Factors Affecting Future Resource Scarcity......Page 138
Summary......Page 141
Review Questions and Problems......Page 143
Internet Links......Page 144
References and Further Reading......Page 145
Appendix: The Prisoner’s Dilemma and the Tragedy of the Commons......Page 147
Part II Policy......Page 151
Introduction......Page 153
World Trends......Page 154
Bioeconomic Model of a Fishery......Page 158
Fishery Management......Page 163
Individual Quotas......Page 165
Aquaculture......Page 170
Summary......Page 172
Review Questions and Problems......Page 173
Internet Links......Page 174
References and Further Reading......Page 175
Introduction: Benefit/Cost Analysis......Page 177
Measuring Benefits......Page 188
Measuring Costs......Page 210
Summary......Page 216
Review Questions and Problems......Page 218
Internet Links......Page 221
References and Further Reading......Page 222
Introduction: What Is Political Economy?......Page 227
Economic Models of Political Economy and the Regulatory Process......Page 229
The Political Economy of Environmental Regulation: A Selective Survey......Page 234
The Political Economy of Locally Self-Governed Common-Pool Resources......Page 236
The Political Economy of International Environmental Accords: The Case of the Montreal Protocol......Page 240
Summary......Page 245
Review Questions and Problems......Page 247
Internet Links......Page 249
References and Further Reading......Page 250
The Economics of Crime......Page 253
EPA Enforcement......Page 266
Selected Civil and Criminal Case Summaries from the Department of Justice......Page 269
California Enforcement......Page 271
Compliance......Page 273
Summary......Page 274
Review Questions and Problems......Page 275
Internet Links......Page 276
References and Further Reading......Page 277
Introduction......Page 279
Marketable Pollution Allowances......Page 282
An Illustration of the Cost-Savings Potential from Marketable Pollution Allowances......Page 283
Marketable Pollution Allowances and the Clean Air Act (CAA) Amendments of 1990: The Acid Rain Program......Page 291
Renewable Portfolio Standard (RPS)......Page 294
Emissions Trading......Page 295
Other Experiments with Marketable Allowances......Page 296
Environmental Taxes......Page 298
Summary......Page 300
Review Questions and Problems......Page 302
Internet Links......Page 304
References and Further Reading......Page 305
Introduction......Page 307
Greenhouse Gas Emissions and Global Climate Change......Page 310
The Evidence Regarding Global Climate Change......Page 320
International Action on Global Climate Change......Page 323
Policy Studies: The Economics of Controlling Greenhouse Gas Emissions......Page 329
Summary......Page 336
Review Questions and Problems......Page 338
Internet Links......Page 339
References and Further Reading......Page 342
Part III Topics on the Economics of Sustainability......Page 345
Introduction......Page 347
Sustainable Development......Page 349
Conservation-based Development......Page 352
A Working Definition of Sustainability......Page 353
Summary......Page 358
Review Questions and Problems......Page 359
Internet Links......Page 360
References and Further Reading......Page 362
Recognizing Interdependencies......Page 363
Thinking Long Term: Discounting and Policy Making......Page 397
Summary......Page 405
Review Questions and Problems......Page 408
Internet Links......Page 410
References and Further Reading......Page 411
Introduction......Page 415
Conventional Economic Development Strategies......Page 416
Envisioning Sustainable Development: The Brundtland Commission Report, the Earth Summit, the Millennium Development Goals, and Beyond......Page 422
Theories of Sustainability......Page 426
Sustainability Indicators......Page 430
Case Studies in Measuring Sustainable Economic Development......Page 439
Summary......Page 441
Review Questions and Problems......Page 442
Internet Links......Page 443
Introduction......Page 450
More Sustainable Energy Resources, Technologies, and Processes......Page 453
Policies Promoting Sustainable Production and Consumption......Page 462
Consumer Preferences and Sustainable Consumption......Page 470
Summary......Page 472
Review Questions and Problems......Page 473
Internet Links......Page 474
References and Further Reading......Page 475
Introduction......Page 477
Sustainable Local Self-Governance of CPR Systems......Page 478
Examples of Sustainable Local Communities and the Systems They Use for Governing CPRs......Page 479
Retrospective on CPRs and Local Self-Governance......Page 485
Integrating Sustainability into Local Economic Development......Page 486
Summary......Page 501
Review Questions and Problems......Page 503
Internet Links......Page 504
References and Further Reading......Page 505
Glossary......Page 507
Index......Page 535
About the Author......Page 549