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The Theory of Environmental Policy
 
 
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The Theory of Environmental Policy [Paperback]

William J. Baumol (Author), Wallace E. Oates (Author)

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Book Description

0521311128 978-0521311120 February 26, 1988 2
In this book, Professors Baumol and Oates provide a rigorous and comprehensive analysis of the economic theory of environmental policy. They present a formal, theoretical treatment of those factors infuencing the quality of life. By covering both the theory of externalities and its application to environmental policy, the authors have retained the basic structure and organization of the first edition, which has become a standard reference in the field. In this edition, however, they have updated their analysis to incorporate recent research in enviromental economics.

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By covering the theory of externalitites and its application to environmental policy, the authors have retained the basic structure and organization of the first edition, which has become a standard reference in the field. -- Book Description

Book Description

By covering the theory of externalitites and its application to environmental policy, the authors have retained the basic structure and organization of the first edition, which has become a standard reference in the field.

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Inside This Book (learn more)
First Sentence:
By bringing to light sources of error in the formulation of both actual and proposed policy, and by helping us to deal with the critical problem of allocative efficiency, externalities theory provides guidance to the practitioner. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
kth producer, laundry output, depletable externalities, detrimental externalities, marketable emission permits, detrimental externality, autonomous regeneration, marginal social damage, marginal control costs, effluent fee, possibility locus, transnational pollution, net output vector, abatement cost functions, pollution constraint, fee regime, smoke output, marketable permits, acceptability standards, corrective taxes, marginal benefits curve, polluting country, effluent charges, marginal benefit curve, industry supply curve
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Proposition Three, American Economic Review, Proposition One, Proposition Six, Proposition Five, Proposition Two, Journal of Political Economy, United States, Emissions Reduction Figure, New York, Quarterly Journal of Economics, Proposition Four, Canadian Journal of Economics, Economic Journal, Water Resources Research, Clean Air Act, Myrick Freeman, The Problem of Social Cost, Journal of Public Economics, Managing Water Quality, Proposition Seven, Public Finance, Ralph Turvey, The Anatomy of Market Failure
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