{"product_id":"economics-and-the-environment-isbn-9781119693505","title":"Economics and the Environment","description":"\u003cp\u003eNow in its ninth edition,\u003ci\u003e Economics and the Environment\u003c\/i\u003e offers an accessible approach to the latest debates, concerns, standards, and legislation related to contemporary environmental issues. Featuring new and updated content throughout, this student-friendly textbook organizes its discussion around four specific questions — How much pollution is too much? Is the government up to the job? How can we do better? How can we resolve global issues? — to provide an inclusive and highly-engaging examination of environmental economics. \u003c\/p\u003e \u003cp\u003eFollowing a unique four-question format, the text provides an integrated pedagogy that is simpler and more useful than a “topics” approach to the subject. Students are encouraged to discuss the government’s role in environmental policy, the benefits and costs of environmental protection, methods for promoting clean technology and sustainability, global pollution and resource issues, environmental justice and ethics, and more. Throughout the text, illustrative examples and real-world case studies are complemented by end-of-chapter problems and exercises that both strengthen student comprehension and increase retention.  \u003c\/p\u003e \u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 Four Economic Questions About Climate Change 2\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 Introduction 2\u003c\/p\u003e \u003cp\u003e1.2 Four Questions 3\u003c\/p\u003e \u003cp\u003e1.3 How Much Pollution is Too Much? 6\u003c\/p\u003e \u003cp\u003e1.4 Is Government Up to the Job? 11\u003c\/p\u003e \u003cp\u003e1.5 How Can We Do Better? 11\u003c\/p\u003e \u003cp\u003e1.6 Can We Resolve Global Issues? 14\u003c\/p\u003e \u003cp\u003e1.7 Summary 15\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I How Much Pollution is Too Much?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Ethics and Economics 21\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Introduction 21\u003c\/p\u003e \u003cp\u003e2.2 Utility and Utilitarianism 22\u003c\/p\u003e \u003cp\u003e2.3 Social Welfare 24\u003c\/p\u003e \u003cp\u003e2.4 Summary 26\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Pollution and Resource Degradation as Externalities 29\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Introduction 29\u003c\/p\u003e \u003cp\u003e3.2 The Open-Access Problem 31\u003c\/p\u003e \u003cp\u003e3.3 The Public Goods Problem 34\u003c\/p\u003e \u003cp\u003e3.4 Is Sustainable Business a Solution? 37\u003c\/p\u003e \u003cp\u003e3.5 Summary 38\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 The Efficiency Standard 42\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Introduction 42\u003c\/p\u003e \u003cp\u003e4.2 Efficiency Defined 42\u003c\/p\u003e \u003cp\u003e4.3 Efficient Pollution Levels 45\u003c\/p\u003e \u003cp\u003e4.4 Marginals and Totals 48\u003c\/p\u003e \u003cp\u003e4.5 The Coase Theorem Introduced 49\u003c\/p\u003e \u003cp\u003e4.6 Air Pollution Control in Baltimore: Calculating the Efficient Standard 50\u003c\/p\u003e \u003cp\u003e4.7 The Ethical Basis of the Efficiency Standard 52\u003c\/p\u003e \u003cp\u003e4.8 Real-World Benefit–Cost Analysis 53\u003c\/p\u003e \u003cp\u003e4.9 Summary 56\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Measuring the Benefits of Environmental Protection 64\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Introduction 64\u003c\/p\u003e \u003cp\u003e5.2 Use, Option, and Existence Value: Types of Nonmarket Benefits 65\u003c\/p\u003e \u003cp\u003e5.3 Consumer Surplus, WTP, and WTA: Measuring Benefits 65\u003c\/p\u003e \u003cp\u003e5.4 Risk: Assessment and Perception 68\u003c\/p\u003e \u003cp\u003e5.5 Measuring Benefits I: Contingent Valuation 71\u003c\/p\u003e \u003cp\u003e5.6 Measuring Benefits II: Travel Cost 74\u003c\/p\u003e \u003cp\u003e5.7 Measuring Benefits III: Hedonic Regression 76\u003c\/p\u003e \u003cp\u003e5.8 The Value of Human Life 76\u003c\/p\u003e \u003cp\u003e5.9 Summary 79\u003c\/p\u003e \u003cp\u003eAppendix 5A: WTA and WTP Redux 83\u003c\/p\u003e \u003cp\u003e5A.1: An Indifference Curve Analysis 83\u003c\/p\u003e \u003cp\u003e5A.2: The Endowment Effect or Substitutability? 85\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Measuring the Costs of Environmental Protection 87\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Introduction 87\u003c\/p\u003e \u003cp\u003e6.2 Engineering Costs 88\u003c\/p\u003e \u003cp\u003e6.3 Productivity Impacts of Regulation 90\u003c\/p\u003e \u003cp\u003e6.4 Employment Impacts of Regulation 92\u003c\/p\u003e \u003cp\u003e6.5 General Equilibrium Effects and the Double Dividend 97\u003c\/p\u003e \u003cp\u003e6.6 A Final Look at Benefit–Cost Analysis 98\u003c\/p\u003e \u003cp\u003e6.7 Summary 101\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 The Safety Standard 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Introduction 105\u003c\/p\u003e \u003cp\u003e7.2 Defining the Right to Safety 105\u003c\/p\u003e \u003cp\u003e7.3 The Safety Standard: Inefficient 108\u003c\/p\u003e \u003cp\u003e7.4 The Safety Standard: Not Cost-Effective 109\u003c\/p\u003e \u003cp\u003e7.5 The Safety Standard: Environmental Justice or Regressive Impact? 110\u003c\/p\u003e \u003cp\u003e7.6 Siting Hazardous Waste Facilities: Safety versus Efficiency 112\u003c\/p\u003e \u003cp\u003e7.7 Summary 115\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 The Sustainability Standard 119\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Introduction 119\u003c\/p\u003e \u003cp\u003e8.2 Sustainability: Neoclassical and Ecological Approaches 120\u003c\/p\u003e \u003cp\u003e8.3 Future Benefits, Costs, and Discounting 123\u003c\/p\u003e \u003cp\u003e8.4 An Example of Discounting: Light Bulbs 125\u003c\/p\u003e \u003cp\u003e8.5 Savings, Investment, and Market Interest Rates 126\u003c\/p\u003e \u003cp\u003e8.6 The Social Discount Rate and Dynamic Efficiency 127\u003c\/p\u003e \u003cp\u003e8.7 Discounting Climate Change 130\u003c\/p\u003e \u003cp\u003e8.8 Ecological Economics, Strong Sustainability, and the Precautionary Principle 131\u003c\/p\u003e \u003cp\u003e8.9 Strong Sustainability in Practice: Endangered Species, EIS, and Reach 133\u003c\/p\u003e \u003cp\u003e8.10 Summary 135\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Measuring Sustainability 139\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Introduction 139\u003c\/p\u003e \u003cp\u003e9.2 Malthus and Ecological Economics 140\u003c\/p\u003e \u003cp\u003e9.3 Modern Debates: Limits to Growth and Planetary Boundaries 142\u003c\/p\u003e \u003cp\u003e9.4 Measuring Strong Sustainability: Impacts and Footprints 144\u003c\/p\u003e \u003cp\u003e9.5 Measuring Weak Sustainability: Net National Welfare and Inclusive Wealth 148\u003c\/p\u003e \u003cp\u003e9.6 Natural Capital Depreciation 152\u003c\/p\u003e \u003cp\u003e9.7 Are We Achieving Sustainability? 154\u003c\/p\u003e \u003cp\u003e9.8 Discounting, Sustainability, and Investing for the Future 159\u003c\/p\u003e \u003cp\u003e9.9 The Ecological–Neoclassical Debate in Context 160\u003c\/p\u003e \u003cp\u003e9.10 Summary 161\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Natural Resources and Ecosystem Services 167\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 Introduction 167\u003c\/p\u003e \u003cp\u003e10.2 Nonrenewable Resources and the Hotelling Model 168\u003c\/p\u003e \u003cp\u003e10.3 Testing the Nonrenewable Resource Model 174\u003c\/p\u003e \u003cp\u003e10.4 The Roller Coaster Ride of Oil Prices 175\u003c\/p\u003e \u003cp\u003e10.5 Peak Oil? 176\u003c\/p\u003e \u003cp\u003e10.6 Renewable Resources 178\u003c\/p\u003e \u003cp\u003e10.7 Renewable Resource Policy: Fisheries and Endangered Species 182\u003c\/p\u003e \u003cp\u003e10.8 Ecosystem Services and Natural Capital 185\u003c\/p\u003e \u003cp\u003e10.9 Summary 188\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11 Is More Really Better? Consumption, Welfare, and Behavior 193\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 Introduction 193\u003c\/p\u003e \u003cp\u003e11.2 Money and Happiness 194\u003c\/p\u003e \u003cp\u003e11.3 Social Norms and the Rat Race 195\u003c\/p\u003e \u003cp\u003e11.4 Positional Goods and Consumption Externalities 198\u003c\/p\u003e \u003cp\u003e11.5 Welfare with Social Consumption 199\u003c\/p\u003e \u003cp\u003e11.6 Overconsumption Policy Solutions 201\u003c\/p\u003e \u003cp\u003e11.7 Behavioral Economics and Behavior Change 204\u003c\/p\u003e \u003cp\u003e11.8 Summary 205\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Is Government Up to the Job?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12 The Political Economy of Environmental Regulation 211\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12.1 Introduction 211\u003c\/p\u003e \u003cp\u003e12.2 The Process of Environmental Regulation 212\u003c\/p\u003e \u003cp\u003e12.3 Regulation under Imperfect Information 214\u003c\/p\u003e \u003cp\u003e12.4 Bureaucratic Discretion and Political Influence 215\u003c\/p\u003e \u003cp\u003e12.5 The Influence Game: Pre-2016 217\u003c\/p\u003e \u003cp\u003e12.6 The End of the Bipartisan Concensus 220\u003c\/p\u003e \u003cp\u003e12.7 Better Information, More Democracy 225\u003c\/p\u003e \u003cp\u003e12.8 Summary 227\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13 An Overview of Environmental Legislation 231\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13.1 Introduction 231\u003c\/p\u003e \u003cp\u003e13.2 Cleaning the Air 232\u003c\/p\u003e \u003cp\u003e13.3 The Clean Air Act and Climate Change 235\u003c\/p\u003e \u003cp\u003e13.4 Fishable and Swimmable Waters 237\u003c\/p\u003e \u003cp\u003e13.5 Hazardous Waste Disposal on Land 239\u003c\/p\u003e \u003cp\u003e13.6 Chemicals and Pesticides 242\u003c\/p\u003e \u003cp\u003e13.7 Endangered Species Protection 245\u003c\/p\u003e \u003cp\u003e13.8 Summary 247\u003c\/p\u003e \u003cp\u003e\u003cb\u003e14 The Regulatory Record: Achievements and Obstacles 250\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e14.1 Introduction 250\u003c\/p\u003e \u003cp\u003e14.2 Accomplishments of Environmental Regulation 250\u003c\/p\u003e \u003cp\u003e14.3 Monitoring and Enforcement: Political Constraints 254\u003c\/p\u003e \u003cp\u003e14.4 The Appeal of Incentive-Based Regulation 257\u003c\/p\u003e \u003cp\u003e14.5 Beyond Regulation? Promoting Clean Technology 258\u003c\/p\u003e \u003cp\u003e14.6 Summary 260\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III How Can We Do Better?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e15 Incentive-Based Regulation: Theory 267\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e15.1 Introduction 267\u003c\/p\u003e \u003cp\u003e15.2 The Cost-Effectiveness Rule 268\u003c\/p\u003e \u003cp\u003e15.3 IB Regulation and Cost-Effectiveness 271\u003c\/p\u003e \u003cp\u003e15.4 IB Regulation and Technological Progress 274\u003c\/p\u003e \u003cp\u003e15.5 Potential Problems with IB Regulation 275\u003c\/p\u003e \u003cp\u003e15.6 Summary 281\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix 15A: Imperfect Regulation in an Uncertain World 284\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e15A.1: Minimizing the Costs of Being Wrong 285\u003c\/p\u003e \u003cp\u003e15A.2: An Application to Greenhouse Gas Emissions 287\u003c\/p\u003e \u003cp\u003e15A.3: Summary 288\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix 15B: Incentive-Compatible Regulation 289\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e15B.1: Incentives to Lie 289\u003c\/p\u003e \u003cp\u003e15B.2: Incentives to Tell the Truth 291\u003c\/p\u003e \u003cp\u003e15B.3: Summary 293\u003c\/p\u003e \u003cp\u003e\u003cb\u003e16 Incentive-Based Regulation: Practice 294\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e16.1 Introduction 294\u003c\/p\u003e \u003cp\u003e16.2 Lead and Chlorofluorocarbons 295\u003c\/p\u003e \u003cp\u003e16.3 Trading Urban Air Pollutants 295\u003c\/p\u003e \u003cp\u003e16.4 Marketable Permits and Acid Rain 299\u003c\/p\u003e \u003cp\u003e16.5 Carbon Trading in the Northeast and California 302\u003c\/p\u003e \u003cp\u003e16.6 Two Failed U.S. Efforts: Mercury and Carbon 305\u003c\/p\u003e \u003cp\u003e16.7 The European Emissions Trading System 307\u003c\/p\u003e \u003cp\u003e16.8 Pollution Taxes and Their Relatives 309\u003c\/p\u003e \u003cp\u003e16.9 Summary 313\u003c\/p\u003e \u003cp\u003e\u003cb\u003e17 Promoting Clean Technology: Theory 317\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e17.1 Introduction 317\u003c\/p\u003e \u003cp\u003e17.2 Path Dependence and Clean Technology 318\u003c\/p\u003e \u003cp\u003e17.3 Clean Technology Defined 319\u003c\/p\u003e \u003cp\u003e17.4 If You’re So Smart, Why Aren’t You Rich? 322\u003c\/p\u003e \u003cp\u003e17.5 Picking the Winning Path 325\u003c\/p\u003e \u003cp\u003e17.6 Promoting Early-Stage Clean Technologies 327\u003c\/p\u003e \u003cp\u003e17.7 Promoting Late-Stage Clean Technologies 329\u003c\/p\u003e \u003cp\u003e17.8 Clean Technology: Two Case Studies 332\u003c\/p\u003e \u003cp\u003e17.9 Summary 337\u003c\/p\u003e \u003cp\u003e\u003cb\u003e18 Energy Policy and the Future 342\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e18.1 Introduction 342\u003c\/p\u003e \u003cp\u003e18.2 Technology Options: Electricity and Heat 342\u003c\/p\u003e \u003cp\u003e18.3 Policy Options: Electricity and Heat 351\u003c\/p\u003e \u003cp\u003e18.4 Technology Options: Transport 355\u003c\/p\u003e \u003cp\u003e18.5 Policy Options: Transport 360\u003c\/p\u003e \u003cp\u003e18.6 Summary 364\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV How Can We Solve Global Challenges?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e19 Poverty, Population, and the Environment 369\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e19.1 Introduction 369\u003c\/p\u003e \u003cp\u003e19.2 Poverty and the Environment 371\u003c\/p\u003e \u003cp\u003e19.3 The Population Picture in Perspective 373\u003c\/p\u003e \u003cp\u003e19.4 An Economic Approach to Family Size 376\u003c\/p\u003e \u003cp\u003e19.5 Controlling Population Growth 377\u003c\/p\u003e \u003cp\u003e19.6 Consumption and the Global Environment 381\u003c\/p\u003e \u003cp\u003e19.7 Envisioning a Sustainable Future 383\u003c\/p\u003e \u003cp\u003e19.8 Summary 385\u003c\/p\u003e \u003cp\u003e\u003cb\u003e20 Environmental Policy in Low-Income Countries 388\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e20.1 Introduction 388\u003c\/p\u003e \u003cp\u003e20.2 The Political Economy of Sustainable Development 388\u003c\/p\u003e \u003cp\u003e20.3 Ending Environmentally Damaging Subsidies 391\u003c\/p\u003e \u003cp\u003e20.4 Establishing and Enforcing Property Rights 392\u003c\/p\u003e \u003cp\u003e20.5 Regulatory Approaches 395\u003c\/p\u003e \u003cp\u003e20.6 Sustainable Technology: Development and Transfer 399\u003c\/p\u003e \u003cp\u003e20.7 Resource Conservation and Debt Relief 401\u003c\/p\u003e \u003cp\u003e20.8 Trade and the Environment 406\u003c\/p\u003e \u003cp\u003e20.9 Summary 410\u003c\/p\u003e \u003cp\u003e\u003cb\u003e21 The Economics of Global Agreements 414\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e21.1 Introduction 414\u003c\/p\u003e \u003cp\u003e21.2 Agreements as Public Goods 415\u003c\/p\u003e \u003cp\u003e21.3 Monitoring and Enforcement 416\u003c\/p\u003e \u003cp\u003e21.4 The Ozone Layer and Biodiversity 417\u003c\/p\u003e \u003cp\u003e21.5 Stopping Global Warming: Theory 421\u003c\/p\u003e \u003cp\u003e21.6 Stopping Global Warming: Reality 423\u003c\/p\u003e \u003cp\u003e21.7 Summary 425\u003c\/p\u003e \u003cp\u003eSelected Websites for Environmental and Natural Resource Economists 429\u003c\/p\u003e \u003cp\u003eAuthor Index I-1\u003c\/p\u003e \u003cp\u003eSubject Index I-5\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989102215397,"sku":"NP9781119693505","price":70.5,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119693505.jpg?v=1761782805","url":"https:\/\/k12savings.com\/products\/economics-and-the-environment-isbn-9781119693505","provider":"K12savings","version":"1.0","type":"link"}