Advertisement

Economics of the Environment

Theory and Policy

  • Horst Siebert

Table of contents

  1. Front Matter
    Pages I-XIV
  2. Introduction

    1. Front Matter
      Pages 1-1
    2. Horst Siebert
      Pages 3-7
  3. Static Allocation Aspect

    1. Front Matter
      Pages 27-27
    2. Horst Siebert
      Pages 29-44
    3. Horst Siebert
      Pages 45-62
    4. Horst Siebert
      Pages 63-97
  4. Environmental-Policy Instruments

    1. Front Matter
      Pages 107-107
    2. Horst Siebert
      Pages 109-125
    3. Horst Siebert
      Pages 127-149
  5. Environmental Allocation in Space

    1. Front Matter
      Pages 159-159
    2. Horst Siebert
      Pages 175-190
    3. Horst Siebert
      Pages 191-211
  6. Environmental Allocation in Time and under Uncertainty

    1. Front Matter
      Pages 213-213
    2. Horst Siebert
      Pages 215-231
    3. Horst Siebert
      Pages 233-247
    4. Horst Siebert
      Pages 249-262
  7. Back Matter
    Pages 263-295

About this book

Introduction

"The IIlbor of nature is paid, not because she does little. In proportion as she becomes niggardly in her gifts, she exacts a greater price for her work. Where she is munificently benefi­ cient, she always works gratis. " David Ricardo * This book interprets nature and the environment as a scarce resource. Whereas in the past people lived in a paradise of environmental superabundance, at present environmental goods and services are no longer in ample supply. The environ­ ment fulfIlls many functions for the economy: it serves as a public-consumption good, as a provider of natural resources, and as receptacle of wastes. These dif­ ferent functions compete with each other. Releasing more pollutants into the environment reduces environmental quality, and a better environmental quality implies that the environment's use as a receptacle of wastes has to be restrained. Consequently, environmental disruption and environmental use are by nature allocation problems. This is the basic message of this book. If a resources is scarce and if a zero price is charged for its use, then misal­ location will result. The environment as a receptacle of wastes is heavily over­ used, and consequently environmental quality declines. Scarcity requires a price. This book analyzes how this price should be set, whether a correct price can be established through the market mechanism, and what role the government should play. The book offers a theoretical study of the allocation problem and describes different policy approaches to the environmental problem.

Keywords

Envirnomental Economics Umwelt Umweltpolitik Umweltökonomie allocation theory environment environmental economics environmental policy

Authors and affiliations

  • Horst Siebert
    • 1
  1. 1.Kiel Institute of World EconomicsKiel 1Germany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-662-02842-1
  • Copyright Information Springer-Verlag Berlin Heidelberg 1992
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-662-02844-5
  • Online ISBN 978-3-662-02842-1
  • Buy this book on publisher's site