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Markets and the Environment, Second Edition

Condition: BRAND NEW ISBN: 9781610916073 Author(s): Nathaniel O. Keohane Format: Paperback Year: 2016 Edition: 2nd Publisher: Island Press Dimensions: 140 x 221 x 18 (w x l x h) Pages: 328 Series: Foundations of Contemporary Environmental Studies

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Description: 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 Markets and the Environment 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. Readers of the first edition will notice new analysis of cost estimation as well as specific market instruments, including municipal water pricing and waste disposal. Particular attention is paid to behavioural economics and cap-and-trade programmes for carbon. Throughout, Markets and the Environment is written in an accessible, student-friendly style. It includes study questions for each chapter, as well as clear figures and relatable text boxes. The authors have long understood the need for a book to bridge the gap between short articles on environmental economics and tomes filled with complex algebr