The Theory of Environmental Policy
Cambridge University Press, Feb 26, 1988 - Business & Economics - 299 pages
In this book, Professors Baumol and Oates provide a rigorous and comprehensive analysis of the economic theory of environmental policy. They present a formal, theoretical treatment of those factors infuencing the quality of life. By covering both the theory of externalities and its application to environmental policy, the authors have retained the basic structure and organization of the first edition, which has become a standard reference in the field. In this edition, however, they have updated their analysis to incorporate recent research in enviromental economics.
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Introduction economics and environmental policy
On the theory of externalities
Relevance and the theory of externalities
Externalities definition significant types and optimalpricing conditions
Externalities formal analysis
Uncertainty and the choice of policy instruments price or quantity controls?
Market imperfections and the number of participants
Are competitive outputs with detrimental externalities necessarily excessive?
Introduction to Part II
Efficiency without optimality the charges and standards approach
Marketable emission permits for protection of the environment
Stochastic influences direct controls and taxes
Taxes versus subsidies a partial analysis
Environmental protection and the distribution of income
International environmental issues
National or local standards for environmental quality?
Other editions - View all
abatement costs achieve allocation analysis assume benefits curve chapter choice commodity compensation competitive equilibrium constraint consumers consumption convexity corresponding cost curve depletable detrimental externalities direct controls discussion distribution efficient effluent charges effluent fee emis emissions reduction environment environmental authority Environmental Economics environmental policy environmental programs environmental quality equal example external costs Figure firm firm's ginal important impose incentives income increase indifference curves individual induce industry input issue jurisdiction labor laundry least-cost locus marginal benefit marginal cost marginal damage marginal social damage marketable permits maximization measures nonconvexity Note numeraire obviously offer curve optimal tax optimum output Pareto Pareto-optimal payment pecuniary externalities Pigouvian tax pollution control pollution level possibility problem Proposition Three quantity reduce represent requires resource result slope social cost solution subsidy subsidy program tariff tax rate tion undepletable unit utility variables vector victims waste emissions yields zero