Markets and the environment /
Nathaniel O. Keohane, Sheila M. Olmstead.
- Washington ; London : Island Press, c2007.
- 274 p. ; 22 cm.
- Foundations of contemporary environmental studies .
- Foundations of contemporary environmental studies .
Includes bibliographical references and index.
1. 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.
Is an introduction to a topic of central importance in understanding a wide range of environmental issues and policy approaches. It offers a clear overview of the fundamentals of environmental economics that will enable students and professionals to quickly grasp important concepts and to apply those concepts to real-world environmental problems.