Basics of Environmental Economics
Not unlike regular commodities, the state of the environment affects the well-being of mankind – locally and globally, in the short run and in the long run. It is therefore quite natural to integrate the “environment” into the economic system, to analyze the “environment” in the context of the economic allocation problems, which are and have been relevant for any economic system in any period of time. The concept of environmental economics refers exactly to this situation and does not imply or intend a subordination of the environment to the economic system. In view of these remarks this chapter then introduces the concept of an environmental commodity and discusses relevant, characteristic properties. Moreover, the integration of the environment into the economic system leads to interesting details regarding economic efficiency and environmental pollution.
KeywordsMarket Economy Economic System Allocation Problem Market Mechanism Ozone Layer
Unable to display preview. Download preview PDF.
- 1.Beilke S, Uhse K, Jäschke M (2003) Jahresbericht 2002 aus dem Messnetz des Umweltbundesamtes. German Federal Environmental Agency (UBA) http://www.umweltdaten.de/publikationen/fpdf-l/2559.pdf. Cited July 2011
- 2.Gniffke P (2010) National trend tables for the German atmospheric emission reporting 1990 – 2008. German Federal Environmental Agency (UBA) http://www.umweltbundesamt.de/emissionen/archiv/EM_Entwicklung_in_D_Trendtabelle_LUFT_v1.3.0_out.xls.zip. Cited July 2011.
- 4.HildenbrandW, Kirman AP (1976) Introduction to equilibrium analysis. North-Holland, AmsterdamGoogle Scholar
- 5.Kreps, DM (1990) A course in microeconomic theory. Harvester Wheatsheaf, New YorkGoogle Scholar
- 6.Perloff JM (2001) Microeconomics. Addison-Wesley, BostonGoogle Scholar
- 7.Smith A (1776) The wealth of nations. W. Strahan and T. Cadell, LondonGoogle Scholar
- 8.Strogies M (1998) Emissionen nach Emittentengruppen in der ehemaligen DDR/den neuen Ländern 1970 bis 1995. German Federal Environmental Agency (UBA)Google Scholar
- 9.Varian HR (2006) Intermediate microeconomics, 7th edn. Norton, New YorkGoogle Scholar