Part 1 Multi-objective planning and the distribution of benefits and costs: six federal reclamation projects and the distribution of income; income distribution and planning for public investment; income redistribution and social choice - a pragmatic approach; project design and evaluation with multiple objectives; benefit-cost analysis and multiple objectives - current issues in water resources planning; the distribution of environmental quality; the incident of the costs of controlling automotive air pollution. Part 2 Incentives and pollution control policy: water pollution control, river basin authorities and economic incentives - some current policy issues; residuals charges for pollution control - a policy evaluation; clean rhetoric and dirty water; technology based effluent standards - the US case; depletable externalities and Pigouvian taxation; optimal "Adders" for environmental damage by public utilities. Part 3 Valuing changes in the environment: On the economics of mass demonstration - a case study of the November March on Washington ; air pollution and property values - a methodological comment; on estimating air pollution control benefits from land value studies; congestion, quality deterioration, and heterogeneous tastes; the hedonic price technique and the value of climate as a resource; measuring the welfare values of productivity changes; valuing environmental resources under alternative management regimes; on valuing the services and functions of ecosystems; the benefits of water quality improvements for marine recreation - a review of the empirical evidence; estimating the environmental costs of electricity - an overview and review of the issues. Part 4 Risk and uncertainty: option demand and consumer surplus - further comment; on the sign and size of option value; supply uncertainty, option price and option value; welfare measurement and the benefit-cost analysis of projects affecting risks; the quasi-option value of irreversible development; ex ante and ex post values for changes in risk; indirect methods for valuing changes in environmental risks with non-expected utility preferences. Part 5 Miscellaneous: advocacy and resource allocation decisions in the public sector; quasi-optimal pricing for cost recovery in multiple purpose water resource projects; the ethical basis of the economic view of the environment; economics, incentives and environmental regulation.