Natural resource and environmental economics:
Saved in:
| Format: | Book |
|---|---|
| Language: | English |
| Published: |
Harlow ; Munich [u.a.]
Pearson Education Limited
2011
|
| Edition: | 4. ed. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Literaturangaben S. [679] - 695 |
| Physical Description: | XXX, 712 S. graph. Darst. |
| ISBN: | 9780321417534 |
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Record in the Search Index
| _version_ | 1804145826136588288 |
|---|---|
| adam_text | Titel: Natural resource and environmental economics
Autor: Perman, Roger
Jahr: 2011
Contents
Preface to the Fourth Edition xiii
Acknowledgements xv
Notation xx
Introduction xxiii
Part I Foundatlons
Chapter 1 An introduction to natural resource and environmental economics 3
Learning objectives 3
Introduction 3
1.1 Three themes 3
1.2 The emergence of resource and environmental economics 4
1.3 Fundamental issues in the economic approach to resource and
environmental issues 10
1.4 Reader s guide 13
Summary 14
Further reading 15
Chapter 2 The origins of the sustainability problem 16
Learning objectives 16
Introduction 16
2.1 Economy-environment interdependence 17
2.2 The drivers of environmental impact 31
2.3 Poverty and inequality 42
2.4 Limits to growth? 46
2.5 The pursuit of sustainable development 50
Summary 54
Further reading 55
Discussion questions 57
Problems 57
Chapter 3 Ethics, economics and the environment 59
Learning objectives 59
Introduction 59
3.1 Naturalist moral philosophies 60
vi Contents
3.2 Libertarian moral philosophy 61
3.3 Utilitarianism 62
3.4 Criticisms of utilitarianism 72
3.5 Intertemporal distribution 75
Summary 89
Further reading 89
Discussion questions 90
Problems 91
Chapter 4 Weifare economics and the environment 92
Learning objectives 92
Introduction 92
Part I Efficiency and optimality 92
4.1 Economic efficiency 94
4.2 An efficient allocation of resources is not unique 97
4.3 The social welfare function and optimality 99
4.4 Compensation tests 100
Part II Allocation in a market economy 103
4.5 Efficiency given ideal conditions 103
4.6 Partial equilibrium analysis of market efficiency 106
4.7 Market allocations are not necessarily equitable 109
Part III Market failure, public policy and the environment 111
4.8 The existence of markets for environmental Services 111
4.9 Public goods 113
4.10 Externalities l21
4.11 The second-best problem 129
4.12 Imperfect information 130
4.13 Public choice theory - explaining government failure 131
Summary 134
Further reading 135
Discussion questions 135
Problems 136
Part II Environmental pollutlon
Chapter 5 Pollution control: targets l39
Learning objectives 139
Introduction 139
5.1 Modelling frameworks 140
5.2 Modelling pollution within an economic efficiency framework 142
5.3 Pollution flows, pollution Stocks and pollution damage 143
5.4 The efficient level of pollution 144
5.5 A static model of efficient flow pollution 145
5.6 Efficient levels of emission of stock pollutants 149
5.7 Pollution control where damages depend on location of the emissions 149
5.8 Ambient pollution Standards 151
5.9 Intertemporal analysis of stock pollution 153
5.10 Variable decay 158
Contents vll
5.11 Departures from convexity or concavity in damage and abatement
cost (or pollution benefit) functions 159
5.12 No regrets policies and rebound effects 164
5.13 The double dividend hypothesis 165
5.14 Objectives of pollution policy 168
Summary 172
Further reading 175
Discussion questions 176
Problems 176
Chapter 6 Pollution control: instruments 177
Learning objective 177
Introduction 177
6.1 Criteria for choice of pollution control instruments 178
6.2 Cost efficiency and cost-effective pollution abatement instruments 179
6.3 Instruments for achieving pollution abatement targets 181
6.4 Economic incentive (quasi-market) instruments 195
6.5 Pollution control where damages depend on location of the emissions 210
6.6 A comparison of the relative advantages of command and control,
emissions tax, emission abatement subsidy and marketable permit
instruments 218
Summary 223
Further reading 224
Discussion questions 225
Problems 226
Chapter 7 Pollution policy with imperfect Information 229
Learning objectives 229
Introduction 229
7.1 Difficulties in identifying pollution targets in the context of limited
Information and uncertainty 230
7.2 Sustainability-based approaches to target setting and the precautionary
principle 232
7.3 The relative merits of pollution control instruments under conditions
of uncertainty 233
7.4 Transactions costs and environmental regulation 243
Summary 248
Further reading 249
Discussion question 249
Problems 250
Chapter 8 Economy-wide modelling 251
Learning objectives 251
Introduction 251
8.1 Input-output analysis 253
8.2 Environmental input-output analysis 257
8.3 Costs and prices 264
8.4 Computable general equilibrium modeis 268
viii Contents
Summary 279
Further reading 280
Discussion questions 281
Problems 281
Chapter 9 International environmental problems 282
Learning objectives 282
Introduction 282
9.1 Game theory analysis 283
9.2 International environmental agreements 294
9.3 Other factors conducive to international environmental Cooperation 299
9.4 Stratospheric ozone depletion 302
9.5 Global climate change 305
Learning outcomes 337
Further reading 338
Discussion questions 340
Problems 341
Chapter 10 Trade and the environment 342
Learning objectives 342
Introduction 342
10.1 An environmental extension to traditional trade theory 343
10.2 Does free trade härm the environment? A partial equilibrium analysis 345
10.3 General equilibrium modeis of trade and the environment 347
10.4 Do governments have an incentive to manipulate environmental
Standards for trade purposes? 352
10.5 Environmental policy and competition between jurisdictions for
mobile capital 354
10.6 Banning trade in endangered species 356
10.7 The General Agreement on Tariffs and Trade and the World Trade
Organisation 357
10.8 The empirical evidence on environmental regulations and the pattern
of trade 360
Summary 363
Further reading 363
Discussion questions 364
Part III Project appraisal
Chapter 11 Cost-benefit analysis 367
Learning objectives 367
Introduction 367
11.1 Intertemporal welfare economics 368
11.2 Project appraisal 378
11.3 Cost-benefit analysis and the environment 392
Summary 406
Further reading 407
Contents ix
Discussion questions 408
Problems 409
Chapter 12 Valuing the environment 411
Learning objectives 411
Introduction 411
12.1 Categories of environmental benefits 412
12.2 The theory of environmental valuation 413
12.3 Contingent valuation 415
12.4 Choice experiments 429
12.5 The travel cost method 435
12.6 Hedonic pricing 442
12.7 Production function4 ased techniques 451
Summary 452
Further reading 453
Discussion questions 453
Problems 454
Chapter 13 Irreversibility, risk and uncertainty 455
Learning objectives 455
Introduction 455
13.1 Individual decision making in the face of risk 456
13.2 Option price and Option value 459
13.3 Risk and irreversibility 462
13.4 Environmental cost-benefit analysis revisited 468
13.5 Decision theory: choices under uncertainty 470
13.6 A safe minimum Standard of conservation 472
Summary 478
Further reading 479
Discussion questions 480
Problems 480
Part IV Natural resource exploitatlon
Chapter 14 The efficient and optimal use of natural resources 485
Learning objectives 485
Introduction 485
Part I A simple optimal resource depletion model 486
14.1 The economy and its production function 486
14.2 Is the natural resource essential? 486
14.3 What is the elasticity of Substitution between K and Rl 487
14.4 Resource substitutability and the consequences of increasing
resource scarcity 488
14.5 The social welfare function and an optimal allocation of natural
resources 492
Part II Extending the model to incorporate extraction costs and renewable
resources 498
Contents
14.6 The optimal Solution to the resource depletion model incorporating
extraction costs 499
14.7 Generalisation to renewable resources 501
14.8 Complications 502
14.9 A numerical application: oil extraction and global optimal consumption 503
Summary 507
Further reading 507
Discussion questions 508
Problems 508
Chapter 15 The theory of optimal resource extraction: non-renewable
resources 509
Learning objectives 509
Introduction 509
15.1 A non-renewable resource two-period model 513
15.2 A non-renewable resource multi-period model 515
15.3 Non-renewable resource extraction in perfectly competitive markets 520
15.4 Resource extraction in a monopolistic market 521
15.5 A comparison of competitive and monopolistic extraction programmes 521
15.6 Extensions of the multi-period model of non-renewable resource
depletion 523
15.7 The introduction of taxation/subsidies 528
15.8 The resource depletion model: some extensions and further issues 529
15.9 Do resource prices actually follow the Hotelling rule? 530
15.10 Natural resource scarcity 532
Summary 535
Further reading 536
Discussion questions 537
Problems 537
Chapter 16 Stock pollution problems 538
Learning objectives 538
Introduction 538
16.1 An aggregate dynamic model of pollution 539
16.2 A complication: variable decay of the pollution stock 549
16.3 Steady-state outcomes 549
16.4 A model of waste accumulation and disposal 551
Summary 557
Further reading 558
Discussion question 558
Problem 558
Chapter 17 Renewable resources 559
Learning objectives 559
Introduction 559
17.1 Biological growth processes 561
17.2 Steady-state harvests 564
17.3 An open-access fishery 565
17.4 The dynamics of renewable resource harvesting 571
Contents xl
17.5 Should one use a continuous-time model or a discrete-time model of
the open-access fishery? 574
17.6 Alternative forms of biological growth function in which there is a
positive minimum viable population size 575
17.7 Stochastic fishery modeis 576
17.8 The private-property fishery 576
17.9 Dynamics in the PV-maximising fishery 584
17.10 Encompassing the open-access, static private-property and
PV-maximising fishery modeis in a Single framework 585
17.11 Socially efficient resource harvesting 586
17.12 A safe minimum Standard of conservation 589
17.13 Resource harvesting, population collapses and the extinction of species 591
17.14 Renewable resources policy 5 94
Summary 601
Further reading 602
Discussion questions 604
Problems 604
Chapter 18 Forest resources 606
Learning objectives 606
Introduction 606
18.1 The current State of world forest resources 607
18.2 Characteristics of forest resources 612
18.3 Commercial plantation forestry 614
18.4 Multiple-use forestry 622
18.5 Socially and privately optimal multiple-use plantation forestry 625
18.6 Natural forests and deforestation 626
18.7 Government and forest resources 630
Summary 631
Further reading 631
Discussion questions 632
Problems 632
Chapter 19 Accounting for the environment 634
Learning objectives 634
Introduction 634
19.1 Environmental indicators and State of the environment reporting 635
19.2 Environmental accounting: theory 639
19.3 Environmental accounting: practice 649
19.4 Wealth and genuine saving 659
19.5 Sustainable development indicators 666
19.6 Concluding remarks 674
Summary 675
Further reading 676
Discussion questions 677
Problems 678
References 679
Names Index 697
Subject Index 703
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| spelling | Natural resource and environmental economics Roger Perman ... 4. ed. Harlow ; Munich [u.a.] Pearson Education Limited 2011 XXX, 712 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Literaturangaben S. [679] - 695 Ressourcenökonomie (DE-588)4400948-3 gnd rswk-swf Natürliche Ressourcen (DE-588)4075236-7 gnd rswk-swf Umweltökonomie (DE-588)4061638-1 gnd rswk-swf Umweltökonomie (DE-588)4061638-1 s Natürliche Ressourcen (DE-588)4075236-7 s DE-604 Ressourcenökonomie (DE-588)4400948-3 s 1\p DE-604 Perman, Roger 1949- Sonstige (DE-588)132045818 oth HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=022655811&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Natural resource and environmental economics Ressourcenökonomie (DE-588)4400948-3 gnd Natürliche Ressourcen (DE-588)4075236-7 gnd Umweltökonomie (DE-588)4061638-1 gnd |
| subject_GND | (DE-588)4400948-3 (DE-588)4075236-7 (DE-588)4061638-1 |
| title | Natural resource and environmental economics |
| title_auth | Natural resource and environmental economics |
| title_exact_search | Natural resource and environmental economics |
| title_full | Natural resource and environmental economics Roger Perman ... |
| title_fullStr | Natural resource and environmental economics Roger Perman ... |
| title_full_unstemmed | Natural resource and environmental economics Roger Perman ... |
| title_short | Natural resource and environmental economics |
| title_sort | natural resource and environmental economics |
| topic | Ressourcenökonomie (DE-588)4400948-3 gnd Natürliche Ressourcen (DE-588)4075236-7 gnd Umweltökonomie (DE-588)4061638-1 gnd |
| topic_facet | Ressourcenökonomie Natürliche Ressourcen Umweltökonomie |
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