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Environmental and Natural Resources Economics: Theory, Policy, and the Sustainable Society Steve Hackett M.E. Sharpe, Publishers, 1998 Table of Contents Preface Acknowledgement Part I: Theory and Fundamentals 1. Introduction to Environmental and Natural
Resources Economics Introduction
-Reasons for Concern Summary Review Questions and Problems References and Further Reading 2. Value Systems and Economic Systems Introduction
-Teleological Ethics -A Closer Look at Utilitarianism
-Rousseau and the Civil Society Economic Questions that All Societies Must Answer Summary Review Questions and Problems References and Further Reading 3. The Economics of Market Allocation Introduction Market Capitalism: Overview and Definition
-Definition
-Externalities -Collectively Produced and/or Consumed Goods -Imperfect Information -Fairness, Equity, and Distributive Justice Summary Review Questions and Problems References and Further Reading 4. Externalities: Why Markets Fail to Protect
Environmental Quality Introduction
-Example 2 -Definition of Externalities Externalities and Market Failure Private Costs and the Supply Curve in Competitive Markets
-Adding Up Individuals Firms' Supply Curves to Get the Market Supply Curve
-Will Market Forces Cause Firms to Internalize their Externalities?
Summary Review Questions and Problems References and Further Reading Appendix: A Calculus-Based Derivation of Supply Curves 5. The Economics of Natural Resource Systems Introduction and Overview
-The Theory of Dynamically Efficient Nonrenewable Resource Pricing -Dynamic Efficiency Allocating Renewable Resources Renewable Resources Case Study: Fisheries Economics
-A Market-Based Approach at Fisheries Management: ITQs -Aquaculture Resources for the Future: Factors Affecting Future Resource Scarcity Summary Review Questions and Problems References and Further Reading Appendix: The Theory Behind the Tragedy of the Commons Part II. Policy 6. Pricing the Environment: Measurement and
Analysis of Benefits and Costs Introduction: Benefit/Cost Analysis
-Maximizing Net Present Discounted Value (PDV): Dynamic Efficiency Revisited -An Illustrative Example of Benefit/Cost Analysis -The Coase Theorem and the Net Monetary Benefit Efficiency Criterion
-Transactions to Realize Efficiency -Limitations of Coasian Contracting: Transaction Costs and Free Riding
-Measuring the Health and Safety Benefits of Regulation: Qualitative Risk Assessment (QRA) -Categories of Nonmarketed Environmental Benefits: Use, Option, and Existence Values
-Option Value -Existence and Bequest Value
-What's Helpful About the CVM? -Critique and Defense of the CVM - Measuring Nonmarketed Environmental Benefits: Hedonic Regression Method (HRM)
-Indirect Cost: Adverse Effects of Environmental Regulations on Market Structure Review Questions and Problems References and Further Reading 7. The Political Economy of Environmental Regulation
and Resource Management Introduction: What is Political Economy?
-Case Study: The International Political Economy of CFC Control Review Questions and Problems References and Further Reading 8. Motivating Regulatory Compliance: Monitoring,
Enforcement, and Sanctions Introduction
-Criminal Penalties and Incarceration vs. Fines and Monetary Damages -Market-Based Reputational Enforcement -Private Auditing and Other Voluntary Pilot Programs EPA Enforcement
-Selected EPA and Department of Justice Enforcement Actions Compliance Citizen Suits Summary Review Questions and Problems References and Further Reading 9. Incentive Regulation: Economic Instruments
for Environmental Protection and Resource Management Introduction
-Case 2: Fully Marketable Allowances -Case 3: Limited Allowances Trading -Advantages of Marketable Allowances Systems -Disadvantages of Marketable Allowances Systems Emissions Trading Regional Clean Air Incentive Market Other Experiments with Marketable Pollution Allowances Environmental Taxes
-Simulation Research on the Effects of Taxing Carbon Dioxide Emissions Review Questions and Problems References and Further Reading 10. Global Warming: Uncertainty, Irreversibility, and Long-Term Policy Making Introduction The Basic Science Linking Greenhouse Gas Emissions
to Global Warming
-Predictions Regarding Global Warming International Action on Global Warming
Case Study: Global Warming and China's Economic Development Strategy Summary Review Questions and Problems References and Further Reading Part III. Issues in the Economics of the Sustainable
Society 11. A Brief Introduction to the Sustainability
Perspective Introduction to the Sustainability Perspective
12. Recognizing Interdependencies and Thinking
Long Term Introduction
-Income, Poverty, and Economic Growth -Education, Empowerment, and Justice -International Trade
-The Argument Against International Trade
-The Opportunity Cost of Capital and the Social Rate of Time Preference
-The Social Rate of Time Preference Review Questions and Problems References and Further Reading 13. Sustainable Economic Development Introduction
Competing Theories of Sustainable Development
-Strong-Form Sustainability -Practical Policy Implications
-Indicators of Strong-Form Sustainability
-United States -Sub-Saharan Africa, Latin America, and the Caribbean Review Questions and Problems References and Further Reading 14. Sustainable Production and Consumption
Introduction
-Industrial Ecology -Environmentally Friendly Technologies Ready to be Deployed -Case Studies in Sustainable Technologies
-Solar Cookers
-Eco-Labels
-Case Study: The California Experience in Subsidizing Alternative Energy -Government Research and Development Funding -ISO 14000 International Environmental Certification Summary Review Questions and Problems References and Further Reading 15. Issues in the Economics of Sustainable Local
Communities Introduction
-Japanese Village Commons -Spanish Irrigation Commons -Localized Self-Governance of Fisheries -Fodder and Fuelwood use in Panchayat Community Forests -Summary
-The Import-Substitution Theory of Economic Development
-Arcata -The Cogtong Bay Mangrove Management Project -Sustainable Local Economic Development in South Africa -Moving Toward Sustainable Urban Planning in Curitiba, Brazil Review Questions and Problems References and Further Reading Glossary Index About the Author |