This title was first published in 2001. This wide-ranging and comprehensive collection investigates the background to environmental economic development over the last thirty years, and the political implications of new directions resulting from technological and cultural changes in environmental issues. It examines the application of economic analysis to environmental problems in the past and solutions to the current issues of water, soil, air, energy, waste and urban ecology, discussing the implications of political decisions, cultural changes and technological constraints. It will prove a stimulating resource for students, academics, researchers and policy-makers alike.
'Economic Institutions and Environmental Policy not only provides a wide-ranging overview of the development of environmental economics over the past 30 years but it engages in trying to push the subject beyond some of the most troublesome current shortcomings.' The Journal of Energy Literature
Contents: Economic institutions and environmental policy: an introduction, Maurizio Franzini and Antonio Nicita. The Complexity of Evaluation Processes: Welfare indices and environmental accounting: a critical survey, Simone Borghesi and Silvia Tiezzi; Sustainable development and the valuation problem: option values as a guide-line for institutional choices, Marcello Basili. The Complexity of Institutional Arrangements: Voluntary approaches to environmental regulation, Thomas P. Lyon and John W. Maxwell; Economic institutions and common-pool resources: the role of exit costs in enforcing full co-operation, Antonio Nicita; Facing environmental bads: alternative property rights regimes for local and transnational commons, Massimo Di Matteo and Antonio Nicita. Evaluation Processes and Policy Choice: Exploring biophysical approaches to develop environmental taxation tools: envitax to face the new scarcity, Salvatore Bimonte and Sergio Ulgiati; The environmental Kuznets curve: a critical survey, Simone Borghesi; Environmental resources valuation as an institutional problem, Maurizio Franzini; Index.