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

About this book


"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.


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
  • 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
  • About this book