Environmental Economics

Environmental Economics is a comprehensive resource crafted for students and practitioners seeking a deeper understanding of environmental and natural resource economics. In this second edition, the authors examine vital topics including sustainable development, market failures, and policy design with a focus on pollution taxes, tradable permits, and trans-boundary pollution. The text also delves into the management of non-renewable and renewable resources, environmental valuation, risk analysis, and the economic aspects of trade related to the environment. Drawing on rigorous mathematical models and supported by clear graphical analyses, the book bridges theory with practical applications. The authors use real-world examples from across the globe to illustrate how economic analysis can offer effective solutions to environmental challenges, such as policy design for pollution control and strategies to protect biodiversity. 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, and BEN WHITE is Senior Lecturer in Agricultural and Resource Economics at the University of Western Australia, Australia.