Environmental Economics

Environmental Economics is the first text to concentrate solely on environmental economics. - problems of pollution of earth, air, and water - with an emphasis on both government regulation and private-sector anti-pollution incentives. Assuming a basic knowledge of intermediate microeconomics, the book is divided into four sections: the first defines the field of environmental economics in relation to general economics and to ecological and resource economics; the second looks at market failure and considers why, even with apparent environmental protection, market-led regulation often fails to work properly; the third examines government regulation of pollution using industrial organization literature; and the final section looks at the demand for environmental quality, covering both revealed preference and stated preference methods. The author includes many international examples and places special emphasis on the way countries around the world approach and control their own environmental problems.