European University Institute Library

Markets and the environment, Nathaniel O. Keohane and Sheila M. Olmstead

eng

Includes bibliographical references and index

illustrations

index present

non fiction

Markets and the environment

bibliography

123136716

Nathaniel O. Keohane and Sheila M. Olmstead

Foundations of contemporary environmental studies

Introduction, Economics and the environment -- Global climate change -- Organization and content of this book -- What we hope readers will take away from this book -- Economic efficiency and environmental protection -- Economic efficiency -- Efficiency and environmental policy -- Equating benefits and costs on the margin -- Dynamic efficiency and environmental policy -- Conclusion -- The, benefits and costs of environmental protection -- Measuring costs -- Evaluating the benefits -- Benefit-cost analysis -- Conclusion -- The, efficiency of markets -- Competitive market equilibrium -- The, efficiency of competitive markets -- Conclusion -- Market failures in the environmental realm -- Externalities -- Public goods -- The, tragedy of the commons -- Conclusions -- Managing stocks: natural resources as capital assets -- Economic scarcity -- Efficient extraction in two periods -- A, closer look at the efficient extraction path -- The, critical role of property rights -- Conclusion -- Stocks that grow: the economics of renewable resource management -- Economics of forest resources -- Fisheries -- Conclusion -- Principles of market-based environmental policy -- Array of policy instruments -- Market-based policies can overcome market failure -- Is it preferable to set prices or quantities? -- Conclusions -- The, case for market-based instruments in the real world -- Reducing costs -- Promoting technological change -- Marked-based instruments for managing natural resources -- Other considerations -- Conclusions -- Market based instruments in practice -- The, U.S. sulfur dioxide market -- Individual tradable quotas for fishing in New Zealand -- Municipal water pricing -- Water quality trading -- Waste management: "pay as you throw" -- Habitat and land management -- Conclusions -- Sustainability and economic growth -- Limits to growth? -- Sustainability, in economic terms -- Keeping track: green accounting -- Are economic growth and sustainability compatible? -- Conclusions -- Conclusion -- What does economics imply for environmental policy? -- The, role of firms, consumers, and governments -- Some final thoughts