Environmental Economics: Theory and Policy in Equilibrium (Springer Texts in Business and Economics)

This text provides an analysis and investigation of the most essential areas of environmental theory and policy, including international environmental problems. The approach is based on standard theoretical tools, in particular equilibrium analysis, and aims to demonstrate how economic principles can help to understand environmental issues and guide policymakers. Current topics including climate change, overfishing and integrated approaches to environmental policies are carefully analyzed in this framework, and a multitude of practical examples from various parts of the world is presented. Front Matter....Pages i-xix Introduction....Pages 1-9 Front Matter....Pages 11-12 Differing Views on the Environment....Pages 13-25 The International Dimension of the Environment....Pages 27-42 Front Matter....Pages 43-44 Basics of Environmental Economics....Pages 45-52 Allocation Problems in a Market Economy....Pages 53-75 The Internalization of External Effects....Pages 77-101 Public Goods in Environmental Economics....Pages 103-123 Front Matter....Pages 125-126 From Theory to Policy: Information Deficits....Pages 127-137 Command-and-Control Policy....Pages 139-158 Integrated Approaches to Environmental Policy....Pages 159-181 The Price-Standard Approach to Environmental Policy....Pages 183-209 The Allocation of International Environmental Commodities....Pages 211-225 Front Matter....Pages 227-228 Trade and the Environment: The Legal Context....Pages 229-243 Overfishing....Pages 245-279 Integration of Trade and the Environment....Pages 281-301 Back Matter....Pages 303-307 This book covers essential areas of environmental theory and policy, including international environmental problems. The approach, based on rigorous theory, shows how economic principles can aid in understanding environmental issues and can guide policymakers. This text covers essential areas of environmental theory and policy, including international environmental problems. The approach, based on rigorous theory, shows how economic principles can aid in understanding environmental issues and can guide policymakers