2nd Edition

Economics and the Environment A signalling and incentives approach

By Ian Wills Copyright 2006
400 Pages
by Routledge

400 Pages
by Routledge

400 Pages
by Routledge

Coordinating our use of the earth's natural resources is not easy. Resource users are many, their goals diverse, and their impacts on the environment often uncertain. How we use those resources depends on the signals and incentives we receive, from either the market or our governments. These systems encourage certain uses of natural resources, but they are not perfect. We harm the environment not... Read more
I: SOCIAL COORDINATION, THE ECONOMY AND THE ENVIRONMENT

1. Introduction

2. Scarcity and systems of social coordination

3. Social coordination in market and planned economies

4. The economy and the environment

II: LIMITATIONS OF MARKET SIGNALLING AND INCENTIVES

5. High costs of markets

6. Non-excludable goods

7. Common pool resources

8. Limitations of government signalling and incentives

III: DECISION-MAKING TOOLS

9. Decision making over time

10. Cost-benefit analysis of environmental changes

11. Valuing the environment

12. Stated preference valuation techniques

13. Monitoring changes in economic-environmental systems (available online)

IV: LOCALISED ENVIRONMENTAL PROBLEMS

14. The economics of pollution control: two parties

15. The economics of pollution control: many parties

16. Social coordination in waste disposal and recycling (available online)

Biography

Ian Wills is Associate Professor in the Department of Economics at Monash University, where he teaches in the economics and graduate environmental science programs.