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This new edition of "Environmental and Natural Resources Economics" provides an accessible yet rigorous treatment of the subject, including the economics of sustainability. The new edition has been updated extensively throughout. A new chapter has been added on fisheries economics and policy, and the chapter on global climate change has been substantially rewritten to incorporate new scientific information and evolving public policy. Many new figures and tables have been added, and the glossary has also been expanded. Readers will appreciate the balanced and accessible coverage, and the integration of economics with science and public policy.
List of Tables and Figures; Preface; Part I. Theory and Fundamentals; 1. Introduction to Environmental and Natural Resources Economics; 2. Value Systems and Economic Systems; 3. The Economics of Market Allocation; 4. Externalities, Market Failures, and Policy Interventions; 5. The Economics of Natural Resource Systems Part I: Theory and Concepts; Part II. Policy; 6. The Economics of Natural Resource Systems Part II: Marine Capture Fisheries; 7. Measurement and Analysis of Benefits and Costs; 8. The Political Economy of Environmental Regulation and Resource Management; 9. Motivating Regulatory Compliance: Monitoring, Enforcement, and Sanctions; 10. Creating Economic Incentives for Environmental Protection and Resource Management; 11. Global Climate Change: Uncertainty, Irreversibility, and Long-Term Policy Making; Part III. Topics on the Economics of Sustainability; 12. Introduction to the Concept of Sustainability; 13. Recognizing Interdependencies and Thinking Long Term; 14. Sustainable Economic Development; 15. Issues in Sustainable Production and Consumption; 16. Issues in the Economics of Sustainable Local Communities; Glossary; * Index; * About the Author.