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Environmental economics for non-economists

Author: John Asafu-Adjaye
Publisher: Singapore ; River Edge, N.J. : World Scientific, ©2000.
Edition/Format:   eBook : Document : EnglishView all editions and formats
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Asafu-Adjaye, John.
Environmental economics for non-economists.
Singapore ; River Edge, N.J. : World Scientific, ©2000
(OCoLC)44509770
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: John Asafu-Adjaye
ISBN: 9812386440 9789812386441
OCLC Number: 53204692
Description: 1 online resource (xiii, 321 pages) : illustrations
Contents: Intro; Foreword; Preface; Contents; 1. Introduction; 1.1 The Role of Environmental Economics; 1.2 Defining the Natural Environment; 1.3 Overview of this Book; References; Part I. Introduction to Environmental Economics: Theoretical Foundations; Incorporating the Environment into the Economic System: Introduction to Ecological Economics; Objectives; 2.1 Introduction; 2.2 What is Ecological Economics?; 2.3 Economy-Environment Systems; 2.3.1 A Traditional economic system; 2.3.2 An ecosystem; 2.3.3 An economy-environment system; 2.4 Thermodynamics and the Environment 2.4.1 The first law of thermodynamics2.4.2 The second law of thermodynamics; 2.4.3 Interpretations of the second law of thermodynamics; 2.4.4 Implications of the laws of thermodynamics for the economy-environment system; 2.5 Modelling Economy-Environment Interactions; 2.6 Summary; Review Questions; Exercises; References; 3. How Markets Work; Objectives; 3.1 Introduction; 3.2 The Competitive Market; 3.3 Consumer Behaviour and Demand; 3.3.1 The individual demand curve; 3.3.2 The concept of elasticity; 3.3.3 Market (industry) demand; 3.4 Producer Behaviour and Supply 3.5 Market Equilibrium in the Competitive Market3.6 Consumer and Producer Surplus; 3.7 Applications of the Competitive Model; 3.7.1 The socially optimal level of forestry; 3.7.2 The effect of pollution abatement costs on employment; 3.8 Summary; Review Questions; Exercises; Further Reading; 4. Why Markets 'Fail'; Objectives; 4.1 Introduction; 4.2 Types of Market Failure; 4.2.1 Lack of or weak property rights; 4.2.2 Public goods; 4.2.3 Market demand for a public good; 4.3 Externalities; 4.3.1 Definition of an externality; 4.3.2 Causes of externalities; 4.3.3 Classification of externalities 4.4 Type of Market Structure4.4.1 Resource allocation in a perfectly competitive market; 4.4.2 Resource allocation in a monopoly; 4.5 Approaches to the Solution of Environmental Pollution Problems; 4.5.1 The market or coasian solution; 4.6 Government Policies; 4.6.1 Command-and-control approaches; 4.6.2 Market-based instruments (MBIs); 4.6.3 Other pollution abatement instruments; 4.7 Summary; Review Questions; Exercises; References; Part II. Tools for Environmental Policy Analysis; 5. Environmental Valuation; Objectives; 5.1 Introduction; 5.2 Types of Economic Values 5.3 Non-Market Valuation Methods5.3.1 Stated preference methods; 5.3.2 Revealed preference methods; 5.4 Summary; Review Questions; Exercises; References; 6. Cost-Benefit Analysis; Objectives; 6.1 Introduction; 6.2 Utility, Benefits and Costs; 6.2.1 Willingness-to-Pay and consumers surplus as a measure of benefits; 6.2.2 The concept of 'Cost' in CBA; 6.2.3 The concept of net social benefits; 6.3 Defining Objectives and Project Scope; 6.4 Identifying and Screening the Alternatives; 6.5 Identifying the Benefits and Costs
Responsibility: John Asafu-Adjaye.

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