| Description |
1 online resource (612 p.) |
| Contents |
Cover -- Half Title -- Title Page -- Copyright Page -- Table of Contents in Brief -- Table of Contents in Full -- Preface -- New to this Edition -- An Overview of the Book -- Acknowledgments -- Part I Introduction to the Field of Environmental and Natural Resource Economics -- Chapter 1 Visions of the Future -- Introduction -- The Self-Extinction Premise -- Example 1.1 A Tale of Two Cultures -- Future Environmental Challenges -- The Climate Change Challenge -- The Water Accessibility Challenge -- Example 1.2 Climate Change and Water Accessibility: The Linkage -- The Just Transition Challenge |
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The Policy Context -- How Will Societies Respond? -- The Role of Economics -- Debate 1.1 Ecological Economics versus Environmental Economics -- The Use of Models -- The Road Ahead -- Example 1.3 Experimental Economics: Studying Human Behavior in a Laboratory and in the Field -- Some Overarching Questions to Guide our Investigation -- An Overview of the Book -- Summary -- Discussion Questions -- Self-Test Exercise -- Notes -- Further Reading -- Chapter 2 The Economic Approach: Property Rights, Externalities, and Environmental Problems -- Introduction -- The Human-Environment Relationship |
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The Economic Approach -- Example 2.1 Economic Impacts of Reducing Hazardous Pollutant Emissions from Iron and Steel Foundries -- Economic Efficiency -- Static Efficiency -- Property Rights -- Property Rights and Efficient Market Allocations -- Efficient Property Rights Structures -- Producer's Surplus, Scarcity Rent, and Long-Run Competitive Equilibrium -- Externalities as a Source of Market Failure -- The Concept Introduced -- Types of Externalities -- Example 2.2 Shrimp Farming Externalities in Thailand -- Alternative Property Right Structures and the Incentives They Create -- Public Goods |
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Example 2.3 Public Goods Privately Provided: The Nature Conservancy -- Imperfect Market Structures -- Asymmetric Information -- Government Failure -- The Pursuit of Efficiency -- Judicial Liability Rules -- Legislative and Executive Regulation -- Example 2.4 Can Eco-Certification Make a Difference? Organic Costa Rican Coffee -- Summary -- Discussion Questions -- Self-Test Exercises -- Notes -- Further Reading -- Chapter 3 Evaluating Trade-Offs: Benefit-Cost Analysis and Other Decision-Making Metrics -- Introduction -- Normative Criteria for Decision Making |
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Evaluating Predefined Options: Benefit-Cost Analysis -- Finding the Optimal Outcome -- Relating Optimality to Efficiency -- Comparing Benefits and Costs across Time -- Dynamic Efficiency -- Applying the Concepts -- Pollution Control -- Example 3.1 Does Reducing Pollution Make Economic Sense? Evidence from the Clean Air Act -- Estimating Benefits of Carbon Dioxide Emission Reductions -- Example 3.2 Using the Social Cost of Capital: The DOE Microwave Oven Rule -- Example 3.3 Revisiting the Social Cost of Carbon: Just How High Should it Be? -- Issues in Benefit Estimation |
| Summary |
This 12th edition provides updated data, new studies and more international examples. There is a considerable amount of new material, with a deeper focus on climate change and coverage of COVID-19, social justice and the circular economy |
| Notes |
Description based upon print version of record |
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Approaches to Cost Estimation |
| Form |
Electronic book
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| Author |
Lewis, Lynne
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| ISBN |
9781000892185 |
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1000892182 |
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