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The major elements of environmental economics are clearly described and illustrated for the noneconomist in this timely work. Business practitioners, environmental scientists, planners and engineers, and students will gain a broad understanding of what economics may contribute to environmental assessment and decisionmaking. The presentation is largely nonmathematical.
Emphasizing critical assumptions and intuitive logic, this overview of the theoretical foundations allows readers from a variety of backgrounds to develop and apply tools needed to function effectively in the increasingly important field of environmental management. In addition, this book is appropriate for one- and two-semester courses and professional development programs.
List of contents
Preface
An Economics Perspective on Environmental Management
Basic Concepts in Supply and Demand
Assessing Economic Efficiency: Comparing Values at the Margin
Externalities and Property Rights
Overuse of Common Property Resources
Benefit-Cost Analysis for Environmental Management
Monetary Valuation Techniques: Potentials and Limitations
Time-Dependent Valuation
Dealing with Risk and Uncertainty
Policy Instruments for Environmental Management
Applications of Environmental Economics: Illustrative Examples
Bibliography
Index
About the author
WILLIAM F. BARRON is Associate Professor of Environmental Management at the University of Hong Kong.
ROBERT D. PERLACK is the leader of a biomass and resource systems group at Oak Ridge National Laboratory.
JOHN J. BOLAND is Professor of Geography and Environmental Engineering at Johns Hopkins University.
