Nick Hanley

Clearly written, global in approach, and theoretically broad-minded, this text is an ideal introduction to environmental economics. Assuming no prior knowledge of economics, the international author team introduces fundamental economic concepts as they relate to our environment. They then use the fundamental concepts to explore and assess current and potential policy responses to some of the major environmental issues of our time. Examples are drawn from all over the world and include such vital issues as climate change, natural resource use, waste management, water pollution, and loss of biodiversity. The text is also accompanied by the following online resources: For students: Links to news stories and organizations Exercises For lecturers: PowerPoint slides Solutions to exercises Graphs from the book List of Discussion Questions

Environmental Economics in Theory and Practice is an ideal text for students taking advanced courses in environmental and natural resource economics. This completely revised and updated edition covers all the major topics in the field, including the economics of sustainable development, market failure and mechanism design, pollution taxes and tradable permits, trans-boundary pollution, non-renewable and renewable resources (including both fisheries and forests), environmental valuation, risk, and trade and the environment. The authors make extensive use of mathematical models, supplementing these with careful explanation and graphical analysis. Emphasis is placed on the application of economic analysis to real-world environmental problem solving, such as designing policies to control pollution or to reduce global biodiversity loss, and examples are drawn from all over the world. NICK HANLEY is Professor of Environmental Economics at the University of Stirling, Scotland. JASON F. SHOGREN is Stroock Distinguished Professor of Natural Resource Conservation and Management at the University of Wyoming, USA. BEN WHITE is Senior Lecturer in Agricultural and Resource Economics at the University of Western Australia, Australia. The authors have also jointly produced An Introduction to Environmental Economics (Oxford University Press, 2001). Nick Hanley is the author of Cost-Benefit Analysis and the Environment (Edward Elgar, 1994).

This impressive new collection couldn't come at a better time. With global warming now becoming physically noticeable and the Kyoto treaty stalling in its efforts to get the developed world on board, to take a look at the economic factors of global warming is very much welcome. With contributions from distinguished authors and covering everything you need to know about global warming and its financial implications, this readable book will appeal across the political and scientific spectrum.

This impressive new collection couldn't come at a better time. With global warming now becoming physically noticeable and the Kyoto treaty stalling in its efforts to get the developed world on board, a look at the economic factors of global warming is very much welcome. With contributions from distinguished authors and covering everything you need to know about global warming and its financial implications, this fascinating book will appeal across the political and scientific spectrum.

This manual offers a detailed, up-to-date explanation of how to carry out economic valuation using stated preference techniques. It is relevant for the application of these techniques to all non-market goods and services including air and water quality; provision of public open space; health care that is not sold through private markets; risk reduction policies and investments not provided privately; provision of information as with the recorded heritage, the protection of cultural assets and so on. The resulting valuations can be used for a number of purposes including, but not limited to, demonstrating the importance of a good or service; cost-benefit analysis; setting priorities for environmental policy; design of economic instruments; green national/corporate accounting, and natural resource damage assessment. Compiled by the leading experts in the field, this manual starts by explaining the concepts. It shows how to choose the most appropriate technique and how to design the questionnaires. Detailed advice on econometric analysis is provided, as well as explanation of the pitfalls that need to be avoided.

This manual offers a detailed, up-to-date explanation of how to carry out economic valuation using stated preference techniques. It is relevant for the application of these techniques to all non-market goods and services including air and water quality; provision of public open space; health care that is not sold through private markets; risk reduction policies and investments not provided privately; provision of information as with the recorded heritage, the protection of cultural assets and so on. The resulting valuations can be used for a number of purposes including, but not limited to, demonstrating the importance of a good or service; cost-benefit analysis; setting priorities for environmental policy; design of economic instruments; green national/corporate accounting, and natural resource damage assessment. Compiled by the leading experts in the field, this manual starts by explaining the concepts. It shows how to choose the most appropriate technique and how to design the questionnaires. Detailed advice on econometric analysis is provided, as well as explanation of the pitfalls that need to be avoided.

Environmental Economics in Theory and Practice provides a thorough and coherent review and discussion of environmental economics. It is a guide to the most important areas of natural resource and environmental economics, including the economics of non-renewable and renewable resource extraction, the economics of pollution control, the application of cost-benefit analysis to the environment, and the economics of sustainable development. The book concentrates on key elements of economic theory, and shows how they can be applied to real-world problems. Particular emphasis is placed on analyzing recent empirical studies from all over the world along with in-depth coverage of various economic models. Each chapter develops the main theoretical results and recent analytic techniques necessary for understanding applications. Throughout the book, results are presented in words, graphs, and mathematical models; brief technical notes inform readers about optimal control theory, theKuhn-Tucker conditions, game theory, and linear programming. Moving through the laws of thermodynamics to an analysis of market failure, the book turns to the economics of natural resources and pollution control. It concludes with an examination of environmental cost-benefit analysis and sustainable development. A comprehensive text, it is particularly suitable for use in advanced undergraduate and graduate courses in environmental and resource economics. Because of up-to-date coverage, it will also be of interest to professionals working in resource and environmental economics.

This work provides a discussion of the key issues surrounding the incorporation of environmental factors into modern cost-benefit analysis. The book, intended for undergraduates and postgraduates in environmental economics, reinforces its thesis with case studies.

This lucid, up-to-date book takes a fresh look at the application of cost-benefit analysis (CBA) to environmental problems ranging from wildlife protection to global warming. Cost-Benefit Analysis and the Environment is structured into two parts. Part one provides a critical up-to-date account of the theory and practice of CBA as applied to the environment. Part two focuses on a number of specific case studies, in particular ozone damage to agricultural crops, wilderness land use, recreation and nitrate pollution. The application of CBA to the greenhouse effect is used to illustrate the limitations of the method. The book summarizes the major problems CBA faces in environmental application. This book will be highly relevant for the growing number of undergraduate and post-graduate courses in environmental economics and management, as well as being of interest both to academics researching in these areas, and to other professionals concerned with project appraisal and the environment.