000			10059nam a22002057a 4500
008			240805b |||||||| |||| 00| 0 eng d
020			_a9781119693505
082			_a333.7 _bGOO
100			_aGoodstein, Eban S. and Polasky , Stephen _911990
245			_aEconomics and the environment
250			_a9th ed.
260			_aHoboken _bWiley _c2020
300			_axi, 429p. _bpbk.
500			_ahttps://www.wiley.com/en-us/Economics+and+the+Environment%2C+9th+Edition-p-9781119693505
520			_aNow in its ninth edition, Economics and the Environment offers an accessible approach to the latest debates, concerns, standards, and legislation related to contemporary environmental issues. Featuring new and updated content throughout, this student-friendly textbook organizes its discussion around four specific questions — How much pollution is too much? Is the government up to the job? How can we do better? How can we resolve global issues? — to provide an inclusive and highly-engaging examination of environmental economics. Following a unique four-question format, the text provides an integrated pedagogy that is simpler and more useful than a “topics” approach to the subject. Students are encouraged to discuss the government’s role in environmental policy, the benefits and costs of environmental protection, methods for promoting clean technology and sustainability, global pollution and resource issues, environmental justice and ethics, and more. Throughout the text, illustrative examples and real-world case studies are complemented by end-of-chapter problems and exercises that both strengthen student comprehension and increase retention. Table of Contents Preface ix Introduction 1 1 Four Economic Questions About Climate Change 2 1.1 Introduction 2 1.2 Four Questions 3 1.3 How Much Pollution is Too Much? 6 1.4 Is Government Up to the Job? 11 1.5 How Can We Do Better? 11 1.6 Can We Resolve Global Issues? 14 1.7 Summary 15 Part I How Much Pollution is Too Much? 2 Ethics and Economics 21 2.1 Introduction 21 2.2 Utility and Utilitarianism 22 2.3 Social Welfare 24 2.4 Summary 26 3 Pollution and Resource Degradation as Externalities 29 3.1 Introduction 29 3.2 The Open-Access Problem 31 3.3 The Public Goods Problem 34 3.4 Is Sustainable Business a Solution? 37 3.5 Summary 38 4 The Efficiency Standard 42 4.1 Introduction 42 4.2 Efficiency Defined 42 4.3 Efficient Pollution Levels 45 4.4 Marginals and Totals 48 4.5 The Coase Theorem Introduced 49 4.6 Air Pollution Control in Baltimore: Calculating the Efficient Standard 50 4.7 The Ethical Basis of the Efficiency Standard 52 4.8 Real-World Benefit–Cost Analysis 53 4.9 Summary 56 5 Measuring the Benefits of Environmental Protection 64 5.1 Introduction 64 5.2 Use, Option, and Existence Value: Types of Nonmarket Benefits 65 5.3 Consumer Surplus, WTP, and WTA: Measuring Benefits 65 5.4 Risk: Assessment and Perception 68 5.5 Measuring Benefits I: Contingent Valuation 71 5.6 Measuring Benefits II: Travel Cost 74 5.7 Measuring Benefits III: Hedonic Regression 76 5.8 The Value of Human Life 76 5.9 Summary 79 Appendix 5A: WTA and WTP Redux 83 5A.1: An Indifference Curve Analysis 83 5A.2: The Endowment Effect or Substitutability? 85 6 Measuring the Costs of Environmental Protection 87 6.1 Introduction 87 6.2 Engineering Costs 88 6.3 Productivity Impacts of Regulation 90 6.4 Employment Impacts of Regulation 92 6.5 General Equilibrium Effects and the Double Dividend 97 6.6 A Final Look at Benefit–Cost Analysis 98 6.7 Summary 101 7 The Safety Standard 105 7.1 Introduction 105 7.2 Defining the Right to Safety 105 7.3 The Safety Standard: Inefficient 108 7.4 The Safety Standard: Not Cost-Effective 109 7.5 The Safety Standard: Environmental Justice or Regressive Impact? 110 7.6 Siting Hazardous Waste Facilities: Safety versus Efficiency 112 7.7 Summary 115 8 The Sustainability Standard 119 8.1 Introduction 119 8.2 Sustainability: Neoclassical and Ecological Approaches 120 8.3 Future Benefits, Costs, and Discounting 123 8.4 An Example of Discounting: Light Bulbs 125 8.5 Savings, Investment, and Market Interest Rates 126 8.6 The Social Discount Rate and Dynamic Efficiency 127 8.7 Discounting Climate Change 130 8.8 Ecological Economics, Strong Sustainability, and the Precautionary Principle 131 8.9 Strong Sustainability in Practice: Endangered Species, EIS, and Reach 133 8.10 Summary 135 9 Measuring Sustainability 139 9.1 Introduction 139 9.2 Malthus and Ecological Economics 140 9.3 Modern Debates: Limits to Growth and Planetary Boundaries 142 9.4 Measuring Strong Sustainability: Impacts and Footprints 144 9.5 Measuring Weak Sustainability: Net National Welfare and Inclusive Wealth 148 9.6 Natural Capital Depreciation 152 9.7 Are We Achieving Sustainability? 154 9.8 Discounting, Sustainability, and Investing for the Future 159 9.9 The Ecological–Neoclassical Debate in Context 160 9.10 Summary 161 10 Natural Resources and Ecosystem Services 167 10.1 Introduction 167 10.2 Nonrenewable Resources and the Hotelling Model 168 10.3 Testing the Nonrenewable Resource Model 174 10.4 The Roller Coaster Ride of Oil Prices 175 10.5 Peak Oil? 176 10.6 Renewable Resources 178 10.7 Renewable Resource Policy: Fisheries and Endangered Species 182 10.8 Ecosystem Services and Natural Capital 185 10.9 Summary 188 11 Is More Really Better? Consumption, Welfare, and Behavior 193 11.1 Introduction 193 11.2 Money and Happiness 194 11.3 Social Norms and the Rat Race 195 11.4 Positional Goods and Consumption Externalities 198 11.5 Welfare with Social Consumption 199 11.6 Overconsumption Policy Solutions 201 11.7 Behavioral Economics and Behavior Change 204 11.8 Summary 205 Part II Is Government Up to the Job? 12 The Political Economy of Environmental Regulation 211 12.1 Introduction 211 12.2 The Process of Environmental Regulation 212 12.3 Regulation under Imperfect Information 214 12.4 Bureaucratic Discretion and Political Influence 215 12.5 The Influence Game: Pre-2016 217 12.6 The End of the Bipartisan Concensus 220 12.7 Better Information, More Democracy 225 12.8 Summary 227 13 An Overview of Environmental Legislation 231 13.1 Introduction 231 13.2 Cleaning the Air 232 13.3 The Clean Air Act and Climate Change 235 13.4 Fishable and Swimmable Waters 237 13.5 Hazardous Waste Disposal on Land 239 13.6 Chemicals and Pesticides 242 13.7 Endangered Species Protection 245 13.8 Summary 247 14 The Regulatory Record: Achievements and Obstacles 250 14.1 Introduction 250 14.2 Accomplishments of Environmental Regulation 250 14.3 Monitoring and Enforcement: Political Constraints 254 14.4 The Appeal of Incentive-Based Regulation 257 14.5 Beyond Regulation? Promoting Clean Technology 258 14.6 Summary 260 Part III How Can We Do Better? 15 Incentive-Based Regulation: Theory 267 15.1 Introduction 267 15.2 The Cost-Effectiveness Rule 268 15.3 IB Regulation and Cost-Effectiveness 271 15.4 IB Regulation and Technological Progress 274 15.5 Potential Problems with IB Regulation 275 15.6 Summary 281 Appendix 15A: Imperfect Regulation in an Uncertain World 284 15A.1: Minimizing the Costs of Being Wrong 285 15A.2: An Application to Greenhouse Gas Emissions 287 15A.3: Summary 288 Appendix 15B: Incentive-Compatible Regulation 289 15B.1: Incentives to Lie 289 15B.2: Incentives to Tell the Truth 291 15B.3: Summary 293 16 Incentive-Based Regulation: Practice 294 16.1 Introduction 294 16.2 Lead and Chlorofluorocarbons 295 16.3 Trading Urban Air Pollutants 295 16.4 Marketable Permits and Acid Rain 299 16.5 Carbon Trading in the Northeast and California 302 16.6 Two Failed U.S. Efforts: Mercury and Carbon 305 16.7 The European Emissions Trading System 307 16.8 Pollution Taxes and Their Relatives 309 16.9 Summary 313 17 Promoting Clean Technology: Theory 317 17.1 Introduction 317 17.2 Path Dependence and Clean Technology 318 17.3 Clean Technology Defined 319 17.4 If You’re So Smart, Why Aren’t You Rich? 322 17.5 Picking the Winning Path 325 17.6 Promoting Early-Stage Clean Technologies 327 17.7 Promoting Late-Stage Clean Technologies 329 17.8 Clean Technology: Two Case Studies 332 17.9 Summary 337 18 Energy Policy and the Future 342 18.1 Introduction 342 18.2 Technology Options: Electricity and Heat 342 18.3 Policy Options: Electricity and Heat 351 18.4 Technology Options: Transport 355 18.5 Policy Options: Transport 360 18.6 Summary 364 Part IV How Can We Solve Global Challenges? 19 Poverty, Population, and the Environment 369 19.1 Introduction 369 19.2 Poverty and the Environment 371 19.3 The Population Picture in Perspective 373 19.4 An Economic Approach to Family Size 376 19.5 Controlling Population Growth 377 19.6 Consumption and the Global Environment 381 19.7 Envisioning a Sustainable Future 383 19.8 Summary 385 20 Environmental Policy in Low-Income Countries 388 20.1 Introduction 388 20.2 The Political Economy of Sustainable Development 388 20.3 Ending Environmentally Damaging Subsidies 391 20.4 Establishing and Enforcing Property Rights 392 20.5 Regulatory Approaches 395 20.6 Sustainable Technology: Development and Transfer 399 20.7 Resource Conservation and Debt Relief 401 20.8 Trade and the Environment 406 20.9 Summary 410 21 The Economics of Global Agreements 414 21.1 Introduction 414 21.2 Agreements as Public Goods 415 21.3 Monitoring and Enforcement 416 21.4 The Ozone Layer and Biodiversity 417 21.5 Stopping Global Warming: Theory 421 21.6 Stopping Global Warming: Reality 423 21.7 Summary 425 Selected Websites for Environmental and Natural Resource Economists 429 Author Index I-1 Subject Index I-5
650			_aEconomic development--Environmental aspects _94451
650			_aEnvironmental economics _92969
650			_aSustainable development _93412
942			_cBK
999			_c10705 _d10705