A Classroom-Ready Text for a Rapidly Changing Discipline Now in its most transformative edition yet, Environmental Economics offers university instructors a thoroughly updated and pedagogically sound resource for teaching advanced undergraduate students., This 25th anniversary, new edition reflects the profound evolution of both environmental policy and economic methodology over the past two decades. Authored by Charles Kolstad (Stanford University, UC Santa Barbara) and Noelwah Netusil (Reed College), the text is designed for economics majors with a solid foundation in microeconomic theory. It fills a critical instructional niche--rigorous yet accessible, empirical yet intuitive.
Key Teaching Benefits - Curriculum Fit: Ideal for upper-level undergraduate courses in environmental economics, public policy, or applied microeconomics. - Applied Focus: Reflects the field's expansion into data-driven analysis, enabling students to use economic theory to explore causal relationships between economic behavior and environmental outcomes.
The book is peppered with examples of economics in action.- Climate-Centered: Treats climate change as the ""mother of all externalities,"" integrating it throughout the text as a central theme rather than a peripheral issue. - Global Perspective: Includes international developments--from China and India's rapid growth to global policy responses--broadening student understanding of environmental economics in practice and catering to the needs of students worldwide.
This edition of Environmental Economics is more than a textbook--it's a comprehensive teaching tool built for today's data-rich, policy-driven classroom.
Dedication Contents Detailed Contents Table of Features Preface Acknowledgments List of Acronyms 1: Introduction 1 The Environment and Economics 2 Normative vs. Positive Economics 2: How Much Environmental Quality Is Desirable? 3 Efficiency and Markets 4 Market Failure: Externalities, Public Goods, and Public Bads 5 Social Choice: Balancing Environmental Protection and Use 6 Making Decisions About Environmental Programs 3: Measuring the Demand for Environmental Quality 7 Demand for Environmental Goods 8 Hedonic Price Methods 9 Household Production 10 Constructed Markets 4: Regulating Individuals and Firms 11 Regulating Pollution 12 Emission Prices, Fees and Taxes 13 Property Rights 14 Regulation Over Space and Time 15 Voluntary Actions and Agreements 5: Advanced Topics 16 Regulation with Adverse Selection 17 Audits, Enforcement, and Moral Hazard 18 Managing Risk and Uncertainty 19 International and Interregional Competition 20 Environment, Growth, and Innovation References Index
Charles D. Kolstad is known for his work on the economics of the environment, particularly energy and climate change. He has advised environmental policymakers worldwide and taught students in Africa, Asia, Europe and North America. He is an emeritus faculty member at Stanford University and the University of California, Santa Barbara and is a former president of the Association of Environmental and Resource Economists. Noelwah R. Netusil is known for her work on the economics of land, water, flooding and floodplain management. She is the Stanley H. Cohn Professor of Economics at Reed College in Portland, Oregon.
