Environmental economics: an integrated approach
Gespeichert in:
| Beteilige Person: | |
|---|---|
| Format: | Buch |
| Sprache: | Englisch |
| Veröffentlicht: |
Boca Raton [u.a]
CRC Press
2014
|
| Schlagwörter: | |
| Links: | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026827310&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| Beschreibung: | Includes bibliographical references and index |
| Umfang: | XXI, 242 S. graph. Darst. 24 cm |
| ISBN: | 9781466518018 |
Internformat
MARC
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| 500 | |a Includes bibliographical references and index | ||
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Datensatz im Suchindex
| _version_ | 1819286919987593216 |
|---|---|
| adam_text | Contents
R
Preface
and Organization for Instructors
...........................................................xi
Acknowledgments
..............................................................................................xix
The Author
...........................................................................................................xxi
Section
1
Environmental Policy with Perfect
Information: The Basic Theory
1.
Introduction
.....................................................................................................3
Introduction
......................................................................................................3
A Taxonomy of Types of Goods
.....................................................................5
The Externalities, Public Goods, and Property Rights Connection
.........8
Market Failure or Missing Markets?
...........................................................10
Alternative Regulatory Approaches
...........................................................11
Summary and Looking Forward
.................................................................13
References
.......................................................................................................15
Appendix
........................................................................................................16
The Professional Sports Draft
.....................
:
...........................................16
Air Pollution: The Small Numbers Case
...............................................17
Water Allocation
........................................................................................20
2.
The Economy and the Environment: Uncontrolled Case
(Pre-Institution)
............................................................................................25
Introduction
....................................................................................................25
The Polluting Household
..............................................................................26
The Polluting Firm
.........................................................................................28
The Aggregate Economy
...............................................................................30
The Aggregate Environment
........................................................................32
Summary and Looking Forward
.................................................................34
Reference
.........................................................................................................35
3.
The Economy and the Environment: The Case of Optimal
Controls (Post-Institution)
..........................................................................37
Introduction
....................................................................................................37
The Household with Optimal Pollution Controls
.....................................37
The Firm with Optimal Pollution Controls
................................................40
The Optimal Aggregate Economy
...............................................................42
The Optimal Aggregate Environment
........................................................43
Summary and Looking Forward
.................................................................45
4.
The Provision of Public Goods
(Pre-
and Post-Institution)
.................47
Introduction
....................................................................................................47
v
vi
Contents
The Lighthouse Example and Vertical Demand Aggregation
................48
Financing and Issues of Equity
....................................................................49
Summary and Looking Forward
.................................................................51
Reference
.........................................................................................................53
5.
The Role of Time in Economics: Interest Rates, Compounding,
and Discounting
...........................................................................................55
Introduction
....................................................................................................55
The Interest Rate as the Opportunity Cost of Current Consumption
......56
Constant Value, Appreciating Value, and Depreciating Value Assets
.....60
Summary and Looking Forward
.................................................................62
6.
Benefit-Cost Analysis with Perfect Information
....................................65
Introduction
.............................................................................,......................65
A Representative Project and the Net Present Value Decision
Criterion
..........................................................................................................67
B/C Ratios and Internal Rate of Return Criteria May Mis-Rank
Projects
............................................................................................................73
Summary and Looking Forward
.................................................................75
Section
2
Environmental Policy with Imperfect
Information
7.
Information Difficulties: The Individual Household and the
Benefits of Environmental Policies
...........................................................81
Introduction
....................................................................................................81
The Difficulty of Knowing Marginal Damages from Residuals
............82
The Crucial Nature of Environmental Quality Perceptions
....................86
Summary and Looking Forward
.................................................................88
Reference
.........................................................................................................89
8
Information Difficulties: The Individual Firm and the Costs of
Environmental Policies
...............................................................................91
Introduction
....................................................................................................91
Types of Environmental Policy Costs
.........................................................92
The Economic Incentive Approach
.............................................................96
Summary and Looking Forward
...............................................................102
9.
Information Difficulties: The Policy Maker
.........................................105
Introduction
..................................................................................................105
The Well-Known Demand Revelation Problem out of
a Given Income
.............................................................................................107
A Less Well-Known Input Market Demand Revelation Problem
.....109
A False and a True Dynamic Scenario
......................................................114
Contents
Vil
Much Ado about Nothing?
.........................................................................116
Summary and Looking Forward
...............................................................120
References
.....................................................................................................122
Section
3
Valuation
—
Acquiring Information about
Environmental Benefits
10.
Environmental Valuation: Overview
.....................................................125
Introduction
..................................................................................................125
Referenda
......................................................................................................125
Constructed Markets: Surveys, Interviews, and Experiments
..............126
Sum of Specific Damages
............................................................................127
The Hedonic Method
..................................................................................128
The Travel Cost Method
..............................................................................129
Overview of Valuation Problems with the Methodologies in Use
.......130
Summary and Looking Forward
...............................................................132
11.
Environmental Valuation: Voting on Environmental Referenda
.... 135
Introduction
..................................................................................................135
Voting Does Not Reflect Intensity of Wants
............................................136
Voting Paradoxes: Intransitivities
..............................................................137
Other Problems with Voting
......................................................................138
Summary and Looking Forward
...............................................................141
12.
Environmental Valuation: Constructed Markets
.................................143
Introduction
..................................................................................................143
The Conduct of a Constructed Market Study
..........................................144
Problems in Interpretation of Constructed Market Valuations
............146
Summary and Looking Forward
...............................................................149
References
.....................................................................................................150
13
Environmental Valuation: The Sum of Specific Damages
Approach
......................................................................................................151
Introduction
..................................................................................................151
Problems with the Sum of Specific Damages Approach
........................152
Summary and Looking Forward
...............................................................155
Reference
.......................................................................................................156
14.
Environmental Valuation: The Hedonic Method
................................157
Introduction
..................................................................................................157
Value of Statistical Life
................................................................................157
Hedonic Valuation of Environmental Quality
........................................160
Wage Compensation for Environmental Amenities
...............................160
Property Value Compensation for Environmental Amenities
..............162
viii Contents
Wage and Property Value Hedonics Are Not Alternatives:
The Multimarket Hedonic Method
...........................................................164
What if Single-Market Hedonic Analyses Are Employed Rather
Than Multimarket Analyses?
.....................................................................168
Summary and Looking Forward
...............................................................172
References
.....................................................................................................174
15.
Environmental Valuation: The Travel Cost Method
...........................177
Introduction
..................................................................................................177
Problems with the Travel Cost Method
....................................................180
Summary and Looking Forward
...............................................................182
References
.....................................................................................................183
16.
Do Decision Makers Care about Efficiency and Equity?
...............185
Introduction
..................................................................................................185
Political Incentives to Undervalue the Environment
..............................186
Jurisdictional Incentives to Undervalue the Environment
....................189
Summary and Looking Forward
...............................................................193
References
.....................................................................................................194
17.
The Impact of Concerns about Equity on Environmental Policy
.....195
Introduction
..................................................................................................195
Equity at a Point in Time
............................................................................196
Equity over Time: Intergenerational Considerations
.............................198
Summary and Looking Forward
...............................................................199
Reference
.......................................................................................................200
18.
An Interdisciplinary Environmental Policy Analysis
Methodology
................................................................................................201
Introduction
..................................................................................................201
The 5-Box Diagram
......................................................................................201
Summary and Looking Forward
...............................................................205
References
.....................................................................................................206
Section
4
Epilogue
19.
An Overall Assessment of the State of Environmental
Policy Making
.............................................................................................209
Introduction
..................................................................................................209
Policy Costs
...................................................................................................210
Policy Benefits
...............................................................................................211
Summary and Looking Forward
...............................................................215
Reference
.......................................................................................................216
Contents ix
20.
The Past and the Future
.............................................................................217
Introduction
........................................:.........................................................217
TheDoomsters
.............................................................................................217
TheBoomsters
..............................................................................................219
Balancing the Disparate Views
..................................................................220
Population
................................................................................................220
Income
......................................................................................................223
The Porter Hypothesis
................................................................................224
The Environment as an Asset in a Broader Portfolio Context
..............226
Summary and Looking Backward
............................................................227
References
.....................................................................................................229
Index
.....................................................................................................................231
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| id | DE-604.BV041379302 |
| illustrated | Illustrated |
| indexdate | 2024-12-20T16:46:07Z |
| institution | BVB |
| isbn | 9781466518018 |
| language | English |
| lccn | 013009382 |
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| physical | XXI, 242 S. graph. Darst. 24 cm |
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| spellingShingle | Graves, Philip E. 1945- Environmental economics an integrated approach Environmental economics Umweltökonomie (DE-588)4061638-1 gnd Umweltwissenschaften (DE-588)4137364-9 gnd Nachhaltigkeit (DE-588)4326464-5 gnd Ressourcenökonomie (DE-588)4400948-3 gnd |
| subject_GND | (DE-588)4061638-1 (DE-588)4137364-9 (DE-588)4326464-5 (DE-588)4400948-3 |
| title | Environmental economics an integrated approach |
| title_auth | Environmental economics an integrated approach |
| title_exact_search | Environmental economics an integrated approach |
| title_full | Environmental economics an integrated approach Philip E. Graves |
| title_fullStr | Environmental economics an integrated approach Philip E. Graves |
| title_full_unstemmed | Environmental economics an integrated approach Philip E. Graves |
| title_short | Environmental economics |
| title_sort | environmental economics an integrated approach |
| title_sub | an integrated approach |
| topic | Environmental economics Umweltökonomie (DE-588)4061638-1 gnd Umweltwissenschaften (DE-588)4137364-9 gnd Nachhaltigkeit (DE-588)4326464-5 gnd Ressourcenökonomie (DE-588)4400948-3 gnd |
| topic_facet | Environmental economics Umweltökonomie Umweltwissenschaften Nachhaltigkeit Ressourcenökonomie |
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