Environmental economics & management : theory, policy, and applications

Succed in economics with, ENVIRONMENTAL ECONOMICS AND MANAGEMENT: THEORY, POLICY AND APPLICATIONS. Learn to use economic analytical tools such as market models, benefit-cost analysis, and risk analysis to assess environmental problems and to evaluate policy solutions. Margin definitions and internet links help you master the terminology and offer updates and information beyond the text.

Author Notes

Professor Scott J. Callan is a professor of economics at Bentley College
Professor Janet M. Thomas is currently a full professor at Bentley

Module 1 Modeling Environmental Problems	p. 1
Chapter 1 The Role of Economics in Environmental Management	p. 2
Economics and the Environment	p. 3
Fundamental Concepts in Environmental Economics	p. 7
Identifying Environmental Objectives	p. 11
Environmental Policy Planning: An Overview	p. 15
Conclusions	p. 19
Summary	p. 20
Review Questions	p. 20
Additional Readings	p. 21
Chapter 2 Modeling the Market Process: A Review of the Basics	p. 22
Market Models: The Fundamentals	p. 22
The Model of Supply and Demand: An Overview	p. 23
Market Demand	p. 24
Market Supply	p. 28
Market Equilibrium	p. 33
Economic Criteria of Efficiency	p. 35
Welfare Measures	p. 39
Conclusions	p. 43
Summary	p. 44
Review Questions	p. 45
Additional Readings	p. 45
Chapter 3 Modeling Market Failure	p. 46
Environmental Problems: A Market Failure	p. 47
Environmental Quality: A Public Good	p. 47
Modeling a Public Goods Market for Environmental Quality	p. 48
Environmental Problems: Externalities	p. 54
Modeling Environmental Damage as a Negative Externality	p. 56
The Absence of Property Rights	p. 61
Conclusions	p. 65
Summary	p. 66
Review Questions	p. 66
Additional Readings	p. 67
Module 2 Modeling Solutions to Environmental Problems	p. 69
Chapter 4 Conventional Solutions to Environmental Problems: The Command-and-Control Approach	p. 70
Use of Standards in Environmental Policy	p. 71
Are Environmental Standards Allocatively Efficient?	p. 72
General Approaches to Implementing Environmental Policy	p. 79
Is the Command-and-Control Approach Cost-Effective?	p. 80
Conclusions	p. 83
Summary	p. 83
Review Questions	p. 84
Additional Readings	p. 85
Chapter 5 Economic Solutions to Environmental Problems: The Market Approach	p. 86
Descriptive Overview	p. 87
Pollution Charges	p. 87
Environmental Subsidies	p. 93
Deposit/Refund Systems	p. 96
Pollution Permit Trading Systems	p. 100
Conclusions	p. 106
Summary	p. 107
Review Questions	p. 107
Additional Readings	p. 108
Module 3 Analytical Tools for Environmental Planning	p. 111
Chapter 6 Environmental Risk Analysis	p. 112
Concept of Risk	p. 112
Risk Assessment	p. 114
Risk Management	p. 119
Conclusions	p. 124
Summary	p. 125
Review Questions	p. 126
Additional Readings	p. 126
Chapter 7 Assessing Benefits for Environmental Decision Making	p. 128
Environmental Benefits: Conceptual Issues	p. 128
Approaches to Measuring Environmental Benefits: An Overview	p. 134
Estimation Under the Physical Linkage Approach	p. 136
Direct Estimation Methods Under the Behavioral Linkage Approach	p. 138
Indirect Estimation Methods Under the Behavioral Linkage Approach	p. 141
Conclusions	p. 146
Summary	p. 147
Review Questions	p. 147
Additional Readings	p. 148
Chapter 8 Assessing Costs for Environmental Decision Making	p. 150
Environmental Costs: Conceptual Issues	p. 150
Estimation Methods for Measuring Explicit Costs	p. 156
Cost Classifications in Practice	p. 157
Conclusions	p. 162
Summary	p. 162
Review Questions	p. 163
Additional Readings	p. 163
Chapter 9 Benefit-Cost Analysis in Environmental Decision Making	p. 164
Time Adjustments to Environmental Benefits and Costs	p. 164
The Final Analysis: Comparing Environmental Benefits and Costs	p. 168
Reservations About the Use of Benefit-Cost Analysis	p. 171
U.S. Government Support of Benefit-Cost Analysis	p. 171
Reducing Lead in Gasoline: A Real-World Example	p. 173
Conclusions	p. 175
Summary	p. 175
Review Questions	p. 176
Additional Readings	p. 177
Module 4 The Case of Air	p. 179
Chapter 10 Defining Air Quality: The Standard-Setting Process	p. 180
Overview of U.S. Air Quality Legislation	p. 181
Defining the Objectives of Air Quality Control	p. 183
Setting Standards to Define Air Quality	p. 184
Implementing the Standards	p. 185
Analysis of U.S. Air Quality Policy	p. 189
Benefit-Cost Analysis of the Clean Air Act	p. 190
Benefit-Cost Analysis of the Air Quality Standards	p. 196
Conclusions	p. 199
Summary	p. 199
Review Questions	p. 200
Additional Readings	p. 200
A Reference to Acronyms and Terms Used in Air Quality Control Policy	p. 201
Chapter 11 Improving Air Quality: Controlling Mobile Sources	p. 202
Urban Air Pollution: An Important Policy Motivation	p. 202
Controlling Mobile Sources	p. 205
Economic Analysis of Mobile Source Controls	p. 209
Conclusions	p. 215
Summary	p. 216
Review Questions	p. 216
Additional Readings	p. 217
A Reference to Acronyms and Terms Used in Mobile Source Control Policy	p. 217
Chapter 12 Improving Air Quality: Controlling Stationary Sources	p. 218
Acidic Deposition: An Important Policy Motivation	p. 218
Controlling Stationary Sources	p. 219
Economic Analysis of Stationary Source Controls	p. 226
Conclusions	p. 234
Summary	p. 235
Review Questions	p. 235
Additional Readings	p. 236
A Reference to Acronyms and Terms Used in Stationary Source Control Policy	p. 237
Chapter 13 Global Air Quality: Policies for Ozone Depletion and Global Warming	p. 238
The Problem of Ozone Depletion	p. 238
Controlling Ozone Depletion	p. 241
Economic Analysis of Ozone Depletion Policy	p. 244
The Problem of Greenhouse Gases and Global Warming	p. 247
Policy Response to Global Warming	p. 249
Economic Analysis of Global Warming Control Policies	p. 254
Conclusions	p. 258
Summary	p. 259
Review Questions	p. 259
Additional Readings	p. 260
A Reference to Acronyms and Terms in Global Air Quality Control Policy	p. 261
Module 5 The Case of Water	p. 263
Chapter 14 Defining Water Quality: The Standard-Setting Process	p. 264
Understanding Water Resources	p. 264
Overview of U.S. Water Quality Legislation	p. 266
Policy Objectives	p. 269
Setting Standards to Define Water Quality	p. 271
Analysis of Receiving Water Quality Standards	p. 272
Benefit-Cost Analysis of the Clean Water Act	p. 274
Conclusions	p. 278
Summary	p. 279
Review Questions	p. 280
Additional Readings	p. 280
A Reference to Acronyms and Terms in Water Quality Control Policy	p. 281
Chapter 15 Improving Water Quality: Controlling Point and Nonpoint Sources	p. 282
Controlling Point Sources	p. 282
Analysis of the Effluent Limitations	p. 284
The POTW Funding Program	p. 286
Analysis of the POTW Funding Program	p. 286
Controlling Nonpoint Sources	p. 288
Analysis of Nonpoint Source Controls	p. 290
Market-Based Solutions	p. 291
Watershed Management	p. 296
Conclusions	p. 298
Summary	p. 299
Review Questions	p. 300
Additional Readings	p. 300
A Reference to Acronyms and Terms in Water Quality Control Policy	p. 301
Chapter 16 Protecting Drinking Water: The Safe Drinking Water Act	p. 302
Overview of U.S. Drinking Water Legislation	p. 303
Setting Standards to Define Safe Drinking Water	p. 306
Economic Analysis of Safe Drinking Water Policy	p. 310
Economic Principles in Pricing Water Supplies	p. 313
Conclusions	p. 316
Summary	p. 317
Review Questions	p. 318
Additional Readings	p. 319
A Reference to Acronyms and Terms in Drinking Water Quality Control	p. 319
Module 6 The Case of Solid Wastes and Toxic Substances	p. 321
Chapter 17 Managing Hazardous Solid Waste and Waste Sites	p. 322
Characterizing the Hazardous Waste Problem	p. 322
Overview of U.S. Hazardous Waste Policy	p. 325
Controlling Hazardous Wastes: RCRA	p. 327
Analysis of U.S. Hazardous Waste Policy	p. 330
Overview of U.S. Hazardous Waste Site Policy	p. 335
Managing Uncontrolled Hazardous Waste Sites: Superfund	p. 337
An Analysis of Superfund	p. 339
Conclusions	p. 342
Summary	p. 343
Review Questions	p. 344
Additional Readings	p. 345
A Reference to Acronyms and Terms in Hazardous Waste Control Policy	p. 345
Chapter 18 Managing Municipal Solid Waste	p. 346
Characterizing Municipal Solid Waste	p. 347
The Policy Response: An Overview	p. 352
The Market for MSW Management Services	p. 354
Market Approaches to MSW Policy	p. 358
Conclusions	p. 364
Summary	p. 365
Review Questions	p. 365
Additional Readings	p. 366
A Reference to Acronyms and Terms in Municipal Solid Waste Policy	p. 367
Chapter 19 Controlling Pesticides and Toxic Chemicals	p. 368
Overview of U.S. Pesticide Controls	p. 369
Controlling Pesticide Use	p. 369
Analysis of FIFRA	p. 372
Overview of U.S. Legislation on Toxic Chemicals	p. 375
Controlling Chemical Use	p. 377
Analysis of TSCA	p. 380
Economic Analysis and Market-Based Policy	p. 382
Conclusions	p. 384
Summary	p. 384
Review Questions	p. 385
Additional Readings	p. 386
A Reference to Acronyms and Terms in Toxic Substances Policy Control	p. 386
Module 7 Global Environmental Management	p. 389
Chapter 20 Sustainable Development: International Trade and International Agreements	p. 390
Sustainable Development as a Global Objective	p. 391
Global Framework for Sustainable Development	p. 393
International Agreements to Control Transboundary Pollution	p. 396
International Trade and Environmental Protection	p. 399
Conclusions	p. 404
Summary	p. 405
Review Questions	p. 406
Additional Readings	p. 407
Chapter 21 Sustainable Approaches: Industrial Ecology and Pollution Prevention	p. 408
Industrial Ecology	p. 409
Pollution Prevention	p. 415
Strategic Initiatives and Programs	p. 420
Conclusions	p. 425
Summary	p. 426
Review Questions	p. 426
Additional Readings	p. 427
References	p. 428
Glossary	p. 441
Index	p. 448

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