Contents in Brief

Section 1 Introduction

1 What is Environmental Economics?

2 The Economy and the Environment

Section 2 Analytical Tools

3 Benefits and Costs, Supply and Demand

4 Economic Efficiency and Markets

5 The Economics of Environmental Quality

Section 3 Environmental Analysis

6 Frameworks of Analysis

7 Benefit-Cost Analysis: Benefits

8 Benefit-Cost Analysis: Costs

Section 4 Environmental Policy Analysis

9 Criteria for Evaluating Environmental Policies

10 Decentralized Policies: Liability Laws, Property Rights, Voluntary Action

11 Command-and-Control Strategies: The Case of Standards

12 Incentive-Based Strategies: Emission Charges and Subsidies

13 Incentive-Based Strategies: Transferable Discharge Permits

Section 5 Environmental Policy in the United States

14 Federal Water Pollution Control Policy

15 Federal Air Pollution Control Policy

16 Federal Policy on Toxic and Hazardous Substances

17 State and Local Environmental Issues

Section 6 International Environmental Issues

18 Comparative Environmental Policies

19 Economic Development and the Environment

20 The Global Environment

21 International Environmental Agreements

Appendix: Abbreviations and Acronyms Used in the Book

Name Index

Subject Index