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Published: 03 May 2001

398 Pages | numerous figures


ISBN: 9780195126846

Bookseller Code (AG)

This text is published by OUP Higher Education Division

Applying Economics to the Environment

Clifford S. Russell

  • Author covers environmental valuation, uncertainty, and enforcement in an innovative and rigorous manner
  • Includes a review of relevant microeconomic topics (chapter 3)
  • Includes a chapter on the physical "science" of the environment; author believes that models of the natural world must be understood before the application of economic models (chapter 4)
  • Most thorough coverage of benefits and damages from environmental policies, including 'real-world' example of regional cost benefit analysis
  • Covers contemporary market (e.g. subsidies and transfer licenses) and non-market (regulation) solutions to environmental problems (chapters 9 and 10) after introducing history of environmental policy and legislation (chapter 2)
  • Best text coverage of monitoring and enforcement of policy (chapter 11)
  • Two chapters on risk point out real-world uncertainty of environmental policies (chapters 12 and 13)
  • Because developed countries have come further in dealing with the environment, the author spends the last 4 chapters on the unique problems facing less developed countries created by rapid industrialization and lax government enforcement
  • Includes history of environmental policy and legislation and comparisons of varying approaches to developement dilemmas

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