Environmental Economics : Critical Concepts in the Environment book cover
1st Edition

Environmental Economics
Critical Concepts in the Environment

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ISBN 9780415360586
Published December 14, 2007 by Routledge
1888 Pages

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Book Description

Environmental economics is dedicated to the analysis of externalities (i.e. the side-effects or consequences of industrial or commercial activities that are not reflected in market prices), including the characterization of possible manifestations, appropriate policy remedies, measurement of the benefits and costs of treating externalities, and the implications for both short- and long-term societal well-being. Such analyses embrace a large number of increasingly urgent issues, including efficiency (are decisions made in such a way as to minimize costs to society?), scarcity (are we running out of key resources, including environmental attributes such as clean drinking water and clean air?), and sustainability (will future generations be able to enjoy a similar standard of living as do current generations?).

In four volumes, this new Routledge Major Work brings together the best foundational and cutting-edge research on these and other vital topics to provide a conspectus of a vibrant and internationally important field. It is an essential work of reference and is destined to be valued by all scholars and students of environmental economics as a vital one-stop research and pedagogic resource.

Table of Contents

Volume I: Environmental Regulation and Policy

1. Thomas D. Crocker (1966), ‘The Structuring of Atmospheric Pollution Control Systems’, in H. Wolozin (ed.), The Economics of Air Pollution (Norton, New York), 61–86.

2. Martin D. Weitzman (1974), ‘Prices vs. Quantities’, Review of Economic Studies, 41: 477–91.

3. Tracy R. Lewis (1996), ‘Protecting the Environment When Costs and Benefits are Privately Known’, Rand Journal of Economics, 27: 819–47.

4. Tom Tietenberg (1998), ‘Disclosure Strategies for Pollution Control’, Environmental and Resource Economics, 11, 587–602.

5. Marc J. Roberts and Michael Spence (1976), ‘Effluent Charges and Licenses under Uncertainty’, Journal of Public Economics, 5: 193–208.

6. A. Lans Bovenberg and Lawrence H. Goulder (1996), ‘Optimal Environmental Taxation in the Presence of Other Taxes: General–Equilibrium Analyses’, American Economic Review, 86: 985–1000.

7. Till Requate and Wolfram Unold (2003), ‘Environmental Policy Incentives to Adopt Advanced Abatement Technology: Will the True Ranking Please Stand Up?’, European Economic Review 47: 125–46.

8. Kathleen Segerson (1988), ‘Uncertainty and Incentives for Nonpoint Pollution Control’, Journal of Environmental Economics and Management, 15: 87–98.

9. James Shortle and Rick Horan (2001), ‘The Economics of Nonpoint Pollution’, Journal of Economic Surveys, 15: 255–90.

10. Lans Bovenberg and Sjak Smulders (1995), ‘Environmental Quality and Pollution-Augmenting Technological Change in a Two-Sector Endogenous Growth Model’, Journal of Public Economics, 57: 369–91.

11. Junjie Wu and William G. Boggess (1999), ‘The Optimal Allocation of Conservation Funds’, Journal of Environmental Economics and Management, 38: 302–21.

12. Gene Grossman and Alan B. Krueger (1995), ‘Economic Growth and the Environment’, The Quarterly Journal of Economics, 110: 353–77.

13. William Harbaugh, Arik Levinson, and David Wilson (2002), ‘Reexamining the Empirical Evidence For an Environmental Kuznets Curve’, The Review of Economics and Statistics, 84: 541–51.

14. Robert Innes, Stephen Polasky, and John Tschirhart, ‘Takings, Compensation and Endangered Species on Private Lands’, Journal of Economic Perspectives, 12: 35–52.

15. Lawrence Blume, Daniel L. Rubinfeld, and Perry Shapiro, ‘The Taking of Land: When Should Compensation be Paid?’, The Quarterly Journal of Economics, 99: 71–92.

16. Richard G. Newell, Adam B. Jaffe, and Robert N. Stavins (1999), ‘The Induced Innovation Hypothesis and Energy-Saving Technological Change’, The Quarterly Journal of Economics, 114: 941–75.

17. Evan Kwerel (1977), ‘To Tell the Truth: Imperfect Information and Optimal Pollution Control’, Review of Economic Studies, 44: 595–601.

18. Erik Lichtenberg and David Zilberman (1988), ‘Efficient Regulation of Environmental Health Risks’, The Quarterly Journal of Economics, 103: 167–78.

19. Stephen Polasky and Holly Doremus (1998), ‘When the Truth Hurts: Endangered Species Policy on Private Land with Imperfect Information’, Journal of Environmental Economics and Management, 35: 22–47.

Volume II: The international dimension

20. Brian R. Copeland and M. Scott Taylor (1994), ‘North-South Trade and the Environment’, The Quarterly Journal of Economics, 109: 755–87.

21. Werner Antweiler, Brian R. Copeland, and M. Scott Taylor (2001), ‘Is Free Trade Good for the Environment?’, American Economic Review, 91: 877–908.

22. Graciela Chichilnisky (1994), ‘North-South Trade and the Global Environment’, The American Economic Review, 84: 851–74.

23. James A. Brander and M. Scott Taylor (1997), ‘International Trade and Open-Access Renewable Resources: The Small Open Economy Case’, The Canadian Journal of Economics, 30: 526–52.

24. Larry S. Karp, Sandeep Sacheti, and Jinhua Zhao (2001), ‘Common Ground Between Free-Traders and Environmentalists’, International Economic Review, 42: 617–47.

25. Michael Rauscher (1994), ‘On Ecological Dumping’, Oxford Economic Papers, 46: 822–40.

26. Scott Barrett (1994), ‘Strategic Environmental Policy and International Trade’, Journal of Public Economics, 54: 325–38.

27. Wallace E. Oates and Robert M. Schwab (1988), ‘Economic Competition Among Jurisdictions: Efficiency Enhancing or Distortion Inducing?’, Journal of Public Economics, 35: 333–54.

28. James R. Markusen, Edward R. Morey, and Nancy Olewiler (1995), ‘Competition in Regional Environmental Policies When Plant Locations are Endogenous’, Journal of Public Economics, 56: 55–77.

29. John D. Wilson (1996), ‘Capital Mobility and Environmental Standards: Is There a Theoretical Basis For a Race to the Bottom?’, in J. Bhagwati and R. Hudec (eds.), Fair Trade and Harmonization: Prerequisites for Free Trade?, Vol. 1 (MIT Press), 393–427.

30. John A. List and Shelby Gerking (2000), ‘Regulatory Federalism and Environmental Protection in the United States’, Journal of Regional Science, 40: 453–71.

31. John A. List and Charles F. Mason (2001), ‘Optimal Institutional Arrangements For Transboundary Pollutants in a Second-Best World: Evidence From a Differential Game With Asymmetric Players’, Journal of Environmental Economics and Management, 42: 277–96.

32. Karl-Goran Maler (1989), ‘The Acid Rain Game’, in Folmer and van Ierland (eds.), Valuation Methods and Policy Making in Environmental Economics (Studies in Environmental Science 36) (Elsevier), 231–52.

33. Michael Hoel (1991), ‘Global Environmental Problems: The Effects of Unilateral Actions Taken By One Country’, Journal of Environmental Economics and Management, 20: 55–70.

34. Frederick van der Ploeg and Aart J. de Zeeuw (1992), ‘International Aspects of Pollution Control’, Environmental and Resource Economics, 2, 117–39.

35. Engelbert Dockner and Ngo van Long (1993), ‘International Pollution Control: Cooperative Versus Noncooperative Strategies’, Journal of Environmental Economics and Management, 24: 13–29.

36. Parkash Chandler and Henry Tulkens (1992), ‘Theoretical Foundations of Negotiations and Cost-Sharing in Transfrontier Pollution Problems’, European Economic Review, 36: 288–99.

37. Scott Barrett (1994), ‘Self-Enforcing International Environmental Agreements’, Oxford Economic Papers, 46: 878–94.

Volume III: Resources, sustainable development, and growth

38. Colin Clark (1976), ‘A Delayed Recruitment Model of Population Dynamics With an Application to Baleen Whale Populations’, Journal of Mathematical Biology, 31: 381–91.

39. Colin Clark (1973), ‘Profit Maximization and the Extinction of Animal Species’, Journal of Political Economy, 81: 950–61.

40. Avinash Dixit, Peter Hammond, and Michael Hoel (1980), ‘On Hartwick’s Rule For Regular Maximin Paths of Capital Accumulation and Resource Depletion’, Review of Economic Studies, 47: 551–6.

41. Robert Pindyck (1980), ‘Uncertainty and Exhaustible Resource Markets’, Journal of Political Economy, 88: 1203–25.

42. Charles F. Mason (2001), ‘Non-Renewable Resources With Switching Costs’, Journal of Environmental Economics and Management, 42: 65–81.

43. Henning Bohn and Robert T. Deacon (2000), ‘Ownership Risk, Investment, and the Use of Natural Resources’, American Economic Review, 90: 526–49.

44. Martin Weitzman (1976), ‘On the Welfare Significance of National Product in a Dynamic Economy’, Quarterly Journal of Economics, 90: 156–62.

45. Partha Dasgupta and Karl-Goran Maler (2000), ‘Net National Product, Wealth, and Social Well-Being’, Environment and Development Economics, 5: 69–94.

46. Martin Weitzman (1998), ‘The Noah’s Ark Problem’, Econometrica, 66: 1279–98.

47. Charles Perrings and Brian Walker (1997), ‘Biodiversity, Resilience and the Control of Ecological-Economic Systems: The Case of Fire-Driven Rangelands’, Ecological Economics, 22: 73–83.

48. Jeffrey D. Sachs and Andrew M. Warner (1997), Natural Resource Abundance and Economic Growth (NBER Working Paper Series, WP 5398) (Cambridge: National Bureau of Economic Research), 1–47.

49. Elionor Ostrom, Roy Gardner, and James Walker (1992), ‘Covenants With and Without Sword: Self-Governance is Possible’, American Political Science Review, 86: 404–17.

50. Rajiv Sethi and E. Somanathan (1996), ‘The Evolution of Social Norms in Common Property Resource Use’, American Economic Review, 86: 766–88.

51. David Levhari and Leonard J. Mirman (1980), ‘The Great Fish War: An Example Using a Dynamic Cournot-Nash Solution’, Bell Journal of Economics, 11: 322–34.

52. James Sanchirico and James Wilen (1999), ‘Bioeconomics of Spatial Exploitation in a Patchy Environment’, Journal of Environmental Economics and Management, 37: 129–50.

53. Frances R. Homans and James E. Wilen (1997), ‘A Model of Regulated Open Access Resource Use’, Journal of Environmental Economics and Management, 32: 1–21.

54. David L. Ragozin and Gardner Brown (1985), ‘Harvest Policies and Nonmarket Valuation in a Predator–Prey System’, Journal of Environmental Economics and Management, 12: 155–68.

55. Claire A. Montgomery, Gardner Brown, and Darius Adams (1994), ‘The Marginal Cost of Species Preservation: The Northern Spotted Owl’, Journal of Environmental Economics and Management, 26: 111–28.

56. Shantayanan Devarajan and Anthony C. Fisher (1982), ‘Exploration and Scarcity’, The Journal of Political Economy, 90: 1279–90.

57. Y. Hossein Farzin (1992), ‘The Time Path of Scarcity Rent in the Theory of Exhaustible Resources’, The Economic Journal, 102: 813–30.

58. David Finnoff and John Tschirhart (2003), ‘Harvesting in an Eight Species Ecosystem’, Journal of Environmental Economics and Management, 45: 589–611.

Volume IV: Valuing the environment

59. Richard T. Carson, Nicholas Flores, and Norman F. Meade (2001), ‘Contingent Valuation: Controversies and Evidence’, Environmental and Resource Economics, 19: 173–210.

60. Mark Morrison, Jeff Bennett, Russell Blamey, and Jordan Louviere (2002), ‘Choice Modelling and Tests of Benefit Transfer’, American Journal of Agricultural Economics, 84: 161–70.

61. Nancy Bockstael and Kenneth McConnell (1993), ‘Public Goods as Characteristics of Non-Market Commodities’, Economic Journal, 103: 1244–57.

62. Kenneth J. Arrow and Anthony C. Fisher (1974), ‘Environmental Preservation, Uncertainty, and Irreversibility’, Quarterly Journal of Economics, 88: 312–19.

63. Jack L. Knetsch (1989), ‘The Endowment Effect and Evidence of Nonreversible Indifference Curves’, American Economic Review, 79: 1277–84.

64. John A. List (2002), ‘Preference Reversals of a Different Kind: The More is Less Phenomenon’, American Economic Review, 92: 1636–43.

65. Daniel Kahneman and Jack Knetsch (1992), ‘Valuing Public Goods: The Purchase of Moral Satisfaction’, Journal of Environmental Economics and Management, 22: 57–70.

66. Glenn W. Harrison (1992), ‘Valuing Public Goods With the Contingent Valuation Method: A Critique of Kahneman and Knetsch’, Journal of Environmental Economics and Management, 23: 248–57.

67. Karine Nyborg (2000), ‘Homo Economicus and Homo Politicus: Interpretation and Aggregation of Environmental Values’, Journal of Economic Behavior and Organization, 42: 305–22.

68. Ronald Cummings, Glenn Harrison, and Elisabet Rutstrom (1995), ‘Homegrown Values and Hypothetical Surveys: Is the Dichotomous Choice Approach Incentive-Compatible?’, American Economic Review, 85: 260–6.

69. Mark Dickie, Shelby Gerking, and Ann Fisher (1987), ‘Market Transactions and Hypothetical Demand Data: A Comparative Study’, Journal of the American Statistical Association, 82: 397, 69–75.

70. Mordechai Schechter (1991), ‘A Comparative Study of Environmental Amenity Valuations’, Environmental and Resource Economics, 1: 129–55.

71. Wictor Adamowicz, Joffre Swait, Peter Boxall, Jordan Louviere, and Michael Williams (1997), ‘Perceptions Versus Objective Measures of Environmental Quality in Combined Revealed and Stated Preference Models of Environmental Valuation’, Journal of Environmental Economics and Management, 32: 65–84.

72. Hanley Nicholas, David Bell, and Begona Alvarez-Farizo (2003), ‘Valuing the Benefits of Coastal Water Quality Improvements Using Contingent and Real Behaviour’, Environmental and Resource Economics, 24: 273–85.

73. Stephen Polasky, A. R. Solow, and J. M. Broadus (1993), ‘Searching For Uncertain Benefits and the Conservation of Biological Diversity’, Environmental and Resource Economics, 3: 171–81.

74. David Simpson, Roger Sedjo, and J. Reid (1996), ‘Valuing Biodiversity For Use in Pharmaceutical Research’, Journal of Political Economy, 104: 163–85.

75. William Brock and Anastasios Xepapadeas (2003), ‘Valuing Biodiversity From an Economic Perspective: A Unified Economic, Ecological, and Genetic Approach’, American Economic Review, 93: 1597–614.

76. William Nordhaus and Zili Yang (1996), ‘A Regional Dynamic General-Equilibrium Model of Alternative Climate-Change Strategies’, American Economic Review, 86: 741–65.

77. W. Kip Viscusi and Joseph E. Aldy (2003), ‘The Value of a Statistical Life: A Critical Review of Market Estimates Throughout the World’, Journal of Risk and Uncertainty, 27: 5–76.

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