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  • Book
  • © 2016

Markets and the Environment

  • A classic environmental studies

  • text, providing a concise introduction to environmental economics

  • Thoroughly updated with real-world examples of market instruments and

  • current environmental policy

  • Readable and student friendly, with study questions, accessible figures, and relatable text boxes

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-xviii
  2. Introduction

    • Nathaniel O. Keohane, Sheila M. Olmstead
    Pages 1-10
  3. Economic Efficiency and Environmental Protection

    • Nathaniel O. Keohane, Sheila M. Olmstead
    Pages 11-34
  4. The Benefits and Costs of Environmental Protection

    • Nathaniel O. Keohane, Sheila M. Olmstead
    Pages 35-68
  5. The Efficiency of Markets

    • Nathaniel O. Keohane, Sheila M. Olmstead
    Pages 69-79
  6. Market Failures in the Environmental Realm

    • Nathaniel O. Keohane, Sheila M. Olmstead
    Pages 80-98
  7. Managing Stocks: Natural Resources as Capital Assets

    • Nathaniel O. Keohane, Sheila M. Olmstead
    Pages 99-113
  8. Stocks That Grow: The Economics of Renewable Resource Management

    • Nathaniel O. Keohane, Sheila M. Olmstead
    Pages 114-138
  9. Principles of Market-Based Environmental Policy

    • Nathaniel O. Keohane, Sheila M. Olmstead
    Pages 139-167
  10. The Case for Market-Based Instruments in the Real World

    • Nathaniel O. Keohane, Sheila M. Olmstead
    Pages 168-198
  11. Market-Based Instruments in Practice

    • Nathaniel O. Keohane, Sheila M. Olmstead
    Pages 199-230
  12. Sustainability and Economic Growth

    • Nathaniel O. Keohane, Sheila M. Olmstead
    Pages 231-253
  13. Conclusion

    • Nathaniel O. Keohane, Sheila M. Olmstead
    Pages 254-258
  14. Back Matter

    Pages 259-307

About this book

A clear grasp of economics is essential to understanding why environmental problems arise and how we can address them. So it is with good reason that this book has become a classic text in environmental studies since its first publication in 2007. Now thoroughly revised with updated information on current environmental policy and real‑world examples of market‑based instruments, the primer is more relevant than ever. The authors provide a concise yet thorough introduction to the economic theory of environmental policy and natural resource management. They begin with an overview of environmental economics before exploring topics including cost‑benefit analysis, market failures and successes, and economic growth and sustainability.

Keywords

  • Environment
  • Natural Resources
  • Conservation
  • Sustainablility
  • Intervention

Authors and Affiliations

  • New York, USA

    Sheila M. Olmstead

Bibliographic Information