Environmental economics and natural resource management

✍ Scribed by David A. Anderson

• Publisher: Routledge
• Year: 2014
• Tongue: English
• Leaves: 682
• Edition: 4
• Category: Library

✦ Synopsis

With Environmental Economics and Natural Resource Management we aim to provide the most user-friendly textbook on the market. The fourth edition pairs the story-based narrative and visual emphasis of previous editions with new policy initiatives and the latest developments in the field. The expanded set of visual aids includes scores of color photographs and illustrations unmatched in other texts. In this book students will discover environmental policies from around the world, practical approaches to resource-use dilemmas, techniques for environmental dispute resolution, and ample coverage of hot topics including: tradable emissions permits, solar and wind energy, recycling policies, global environmental initiatives.

✦ Table of Contents

Cover
Half Title
Title Page
Copyright Page
Dedication
Table of Contents
Preface
Part I Building a Foundation
Chapter 1 The Big Picture
Market Failure: Can We Trust the Free Market?
Waste and Recycling: Where Can We Put It All?
Sustainable Development: How Long Can This Last?
Biological Diversity: What Is a Flamingo Worth?
Environmental Degradation: How Much Pollution Is Too Much?
Alternative Energy Sources: Why Aren't They Here?
Population and Economic Growth: Are We Doomed to Starvation?
Natural Resource Management: When Should I Harvest My Elms?
Environmental Ethics: What Can We Do? What Must We Do? What Should We Do?
Conclusions
Problems for Review
Websurfer's Challenge
Internet Resources
Further Reading
Chapter 2 Efficiency and Choice
Scrutinizing Efficiency
Cost-Benefit Analysis
Types of Efficiency
What Goods and Services Should Be Produced?
With What Resources Should Goods and Services Be Produced?
Who Will Receive the Final Products?
Supply and Demand
Expected-Value Calculations
Summary
Problems for Review
Websurfer's Challenge
Internet Resources
Further Reading
Appendix
Efficiency Criteria in Greater Detail
Allocative Efficiency
Productive Efficiency
Distributive Efficiency
Further Explanation of MRS, MRT, and RTS
Marginal Rate of Substitution
Marginal Rate of Transformation
Marginal Rate of Technical Substitution
Chapter 3 Market Failure
Why Markets Fail
Imperfect Competition
Imperfect Information
Externalities
Public Goods
Summary
Problems for Review
Websurfer's Challenge
Internet Resources
Further Reading
Chapter 4 The Role of Government
The Meaning and Purpose of Government
What Is Government?
Is Government Necessary?
The Role of Government: Bit Part? Supporting Actor? Lead?
Historical Ideologies
Modern Problems with Private Solutions
Governmental Solutions to Market Failure
Enforcement of Property Rights
Provision of Public Goods
Taxes and Subsidies
Liability
Regulations
Education and Moral Leadership
Dispute Resolution
The EPA and Environmental Legislation
Summary
Problems for Review
Websurfer's Challenge
Internet Resources
Further Reading
Chapter 5 Trade-offs and the Economy
Trade-offs Between Present and Future
Why Discount Future Benefits?
Why Discount Future Costs?
Dynamic Efficiency
Present-Value Calculations
Discount Rates—Who's Got the Number?
What's Your Number?
Trade-offs Between Growth and the Environment
Growth versus Welfare
“Green” Growth
Treading Lightly
Summary
Problems for Review
Websurfer's Challenge
Internet Resources
Further Reading
Part II Issues and Approaches
Chapter 6 Environmental Quality
What Is the Quality of the Environment?
Terms of the Trade
Air Quality
Water Quality
Noise and Light Pollution
Where Do We Go From Here? A Brief Look
Policy
Education
New Technology
Market-Based Incentives
Summary
Problems for Review
Websurfer's Challenge
Internet Resources
Further Reading
Chapter 7 Energy
Energy Sources
Energy Terminology
Fossil Fuels
Nuclear Energy
Alternative Fuels
Energy Policy
Efficient Source Selection
Market Structure and Price Controls
Deregulation
Politics Rears Its Ugly Head Again: Oil and Automobiles
CAFE Standards and Emissions Caps
Summary
Problems for Review
Websurfer's Challenge
Internet Resources
Further Reading
Chapter 8 Sustainability
Sustainability Criteria
Weak Sustainability
Strong Sustainability
The Downside of Mistaken Judgment
Other Types of Sustainability
Sustainability and Efficiency
Walking the Walk
Recycling
Current Trends
Is It Efficient?
Recycling Policy
Broader Policies Toward Sustainability
Natural Capital Depletion Tax
Precautionary Polluter Pays Principle
Ecological Tariffs
Summary
Problems for Review
Websurfer's Challenge
Internet Resources
Further Reading
Chapter 9 Population, Poverty, and Economic Growth
Population Growth and Resource Scarcity
Thomas Malthus
The Economics of Population Growth
Population, Poverty, and Other Determinants of Waste
The Growing Problem of Municipal Solid Waste
Demographic Trends and the Determinants of Waste
Economic Growth and the Environment
Summary
Problems for Review
Websurfer's Challenge
Internet Resources
Further Reading
Chapter 10 Biodiversity and Valuation
Biodiversity Loss
Models of Biodiversity Loss
Cost—Benefit Applications
The Noah's Ark Model
Valuing Costs and Benefits
Types of Values
Measures of Value
Making Use of the Numbers
Uncertainty
Summary
Problems for Review
Websurfer's Challenge
Internet Resources
Further Reading
Chapter 11 International and Global Issues
Globalization and the Environment
The Good, the Bad, and the Ugly
Organizations
Approaches to Specific Global Environmental Threats
Acid Deposition
Deforestation
Threatened Species
Greenhouse Gases and the Ozone Layer
Polluted Seas
The Mixed Baggage of Tourism
Summary
Problems for Review
Websurfer's Challenge
Internet Resources
Further Reading
Part III Policy and Procedure
Chapter 12 Perspectives on Environmental Policy
Command-and-Control Regulations
Incentive-Based Solutions
Market Approaches to Automobile Externalities Around the World
Tradable Emissions Rights: A Two-Firm Pollution Model
Tradable Emissions Rights in Practice
Mixed Approaches to Carbon Emissions in China and the United States
Punishment and Deterrence
Deterrence via the Legal System
Excessive Deterrence
Activism and Vigilante Justice
Summary
Problems for Review
Websurfer's Challenge
Internet Resources
Further Reading
Chapter 13 Natural Resource Management: Renewable Resources
Fishery Management
A Biological Growth Function
Sustainable Yield Functions
The Choice of Effort Levels
Policy Responses
Policy under Uncertainty
Forest Management
Summary
Problems for Review
Websurfer's Challenge
Internet Resources
Further Reading
Chapter 14 Natural Resource Management: Depletable and Replenishable Resources
Oil
Hotelling's Rule
Transitions
Water
Surface Water Allocation
Water Rights
Domestic Water Use
Summary
Problems for Review
Websurfer's Challenge
Internet Resources
Further Reading
Appendix
Intertemporal Allocation and Hotelling's Rule
Allocation Between Periods
Hotelling's Rule Explained
Chapter 15 Environmental Dispute Resolution
Litigation
A Simple Bargaining Model
Dispute Remedies
Brute Force
Decision Rules
Fair Division
Agreement
Alternative Dispute Resolution
Decisional ADR Techniques
Facilitative ADR Techniques
Advisory ADR Techniques
Compatible Perspectives
The American Rule
The English Rule
Federal Rule of Civil Procedure 68
Credible Take-It-or-Leave-It Offers
The Sincerity Rule
Final Offer Auctions
Summary
Problems for Review
Websurfer's Challenge
Internet Resources
Further Reading
Chapter 16 Morals and Motivation
Normative Ethical Theories
Ethical Egoism
Utilitarianism
The Common Good
Virtue
Rights
Justice
Environmental Ethics
Deep Ecology
Social Ecology
Ecofeminism
Resolving Ethical Dilemmas
Summary
Problems for Review
Websurfer's Challenge
Internet Resources
Further Reading
Index