Environmental Economics in Theory and Practice provides a thorough and coherent review and discussion of environmental economics. It is a guide to the most important areas of natural resource and environmental economics, including the economics of non-renewable and renewable resource extraction, the economics of pollution control, the application of cost-benefit analysis to the environment, and the economics of sustainable development. The book concentrates on key elements of economic theory, and shows how they can be applied to real-world problems.
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Book Description
Editorial Reviews
Review
Environmental economics is now a well-established opton in many economics honours programmes. There is no shortage of texts on offer, but many of them assume too little: too little maths and too little in the way of microeconomic concepts. This book plugs the gap, being squarely aimed at higher-level undergraduates and postgraduates with a good level of mathematical sophistication and economic understanding. It assumes familiarity with static optimisation techniques which are then extended into dynamics, with and without uncertainty. Occasionally, it tries to do too much - the technical notes on game theory and mathematical programming are too short to be of much use to either the initiate or the novice - but in general the ambition is to be applauded, since it enables the book to explore important areas of the literature on natural resources, until now largely barred to the student... -- Alistair Munro, Book Notes, The Economic Journal, November 1997, pp. 1968-9
About the Author
Nick Hanley is at University of Stirling. Jason F. Shogren is at University of Wyoming.
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4 of 4 people found the following review helpful:
5.0 out of 5 stars
Clear Concise review of Environmental economics,
This review is from: Environmental Economics: In Theory and Practice (Paperback)
All the environmental issues are well explained and good case studies bring the theory to life. Diagrams are excellent and mathematics kept to the essential places. Some previous economic experience required before reading. Well written, up to date, interesting and flows well.Highlights are market failure, tradable pollution permits, methods for valuing the environment and incentives for environmental protection.
1 of 1 people found the following review helpful:
5.0 out of 5 stars
Rigorous and clear treatment,
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This review is from: Environmental Economics: In Theory and Practice (Paperback)
The authors have done a great job of treating the material with rigor and clarity while maintaining reader interest. The result is a useful reference for graduate students as well as an accessible text for undergraduates.
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Inside This Book
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First Sentence:
The purpose of this chapter is to describe the ways in which the economy and the natural environment are interlinked. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
backstop price, costate condition, ambient charge, renewable resource economics, total ambient concentration, transferable externality, optimal forest rotation, extraction cost function, uniformly mixed pollutant, critical depensation, stock scarcity, marginal control costs, marginal extraction costs, much pollution control, tradeable pollution permits, travel cost model, numeraire asset, cumulative extraction, extraction path, averting expenditure, bid curves, mixed pollutants, logistic growth function, private optimum, marketable permit system Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Cambridge University Press, Land Economics, American Economic Review, Journal of Political Economy, Economic Journal, United States, World Resources Institute, American Journal of Agricultural Economics, North Sea, Soviet Union, Black Sea, Review of Economic Studies, World Bank, Quarterly Journal of Economics, Environmental Protection Agency, European Community, Great Britain, Oxford University Press, Cambridge Economics, Costa Rica, Department of the Environment, Johns Hopkins University Press, Princeton University Press, Scandinavian Journal of Economics New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
The purpose of this chapter is to describe the ways in which the economy and the natural environment are interlinked. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
backstop price, costate condition, ambient charge, renewable resource economics, total ambient concentration, transferable externality, optimal forest rotation, extraction cost function, uniformly mixed pollutant, critical depensation, stock scarcity, marginal control costs, marginal extraction costs, much pollution control, tradeable pollution permits, travel cost model, numeraire asset, cumulative extraction, extraction path, averting expenditure, bid curves, mixed pollutants, logistic growth function, private optimum, marketable permit system Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Cambridge University Press, Land Economics, American Economic Review, Journal of Political Economy, Economic Journal, United States, World Resources Institute, American Journal of Agricultural Economics, North Sea, Soviet Union, Black Sea, Review of Economic Studies, World Bank, Quarterly Journal of Economics, Environmental Protection Agency, European Community, Great Britain, Oxford University Press, Cambridge Economics, Costa Rica, Department of the Environment, Johns Hopkins University Press, Princeton University Press, Scandinavian Journal of Economics New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 100
books:
See all 100 books this book cites
4
books
cite this book:
- Environmental Economics: An Elementary Introduction by R. Kerry Turner on 5 pages
- The Theory of Environmental Policy by William J. Baumol on page 56, page 104, and page 128
- Measuring the Demand for Environmental Quality (Contributions to Economic Analysis) (Studies in Surface Science and Catalysis) by David Clark on page 381, page 419, and page 423
- Resource Economics by Jon M. Conrad on page 128, page 214, and page 225
- Environmental Economics (Modern economics) by D. W. Pearce on page 129, page 419, and page 448
See all 100 books this book cites
- Game Theory: Introduction and Applications by Graham Romp on page 174, and Back Matter
- A Primer on Nonmarket Valuation (The Economics of Non-Market Goods and Resources) by Patricia A. Champ on page 56
- Principles of Environmental Economics: Ecology, Economics and Public Policy by Ahmed Hussen on page 198
- Economic Losses From Marine Pollution A Handbook for Assessment by Douglas D. Ofiara on page 348
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