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Environmental Economics

Critical Concepts in the Environment

Edited by Chuck Mason, Erwin Bulte

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About the Book

Environmental economics is dedicated to the analysis of externalities (i.e. the side-effects or consequences of industrial or commercial activities that are not reflected in market prices), including the characterization of possible manifestations, appropriate policy remedies, measurement of the benefits and costs of treating externalities, and the implications for both short- and long-term societal well-being. Such analyses embrace a large number of increasingly urgent issues, including efficiency (are decisions made in such a way as to minimize costs to society?), scarcity (are we running out of key resources, including environmental attributes such as clean drinking water and clean air?), and sustainability (will future generations be able to enjoy a similar standard of living as do current generations?).

In four volumes, this new Routledge Major Work brings together the best foundational and cutting-edge research on these and other vital topics to provide a conspectus of a vibrant and internationally important field. It is an essential work of reference and is destined to be valued by all scholars and students of environmental economics as a vital one-stop research and pedagogic resource.

Table of Contents

Volume I: Environmental Regulation and Policy
1. Thomas D. Crocker (1966), ‘The Structuring of Atmospheric Pollution Control Systems’, in H. Wolozin (ed.), The Economics of Air Pollution (Norton, New York), 61–86.
2. Martin D. Weitzman (1974), ‘Prices vs. Quantities’, Review of Economic Studies, 41: 477–91.
3. Tracy R. Lewis (1996), ‘Protecting the Environment When Costs and Benefits are Privately Known’, Rand Journal of Economics, 27: 819–47.
4. Tom Tietenberg (1998), ‘Disclosure Strategies for Pollution Control’, Environmental and Resource Economics, 11, 587–602.
5. Marc J. Roberts and Michael Spence (1976), ‘Effluent Charges and Licenses under Uncertainty’, Journal of Public Economics, 5: 193–208.
6. A. Lans Bovenberg and Lawrence H. Goulder (1996), ‘Optimal Environmental Taxation in the Presence of Other Taxes: General–Equilibrium Analyses’, American Economic Review, 86: 985–1000.
7. Till Requate and Wolfram Unold (2003), ‘Environmental Policy Incentives to Adopt Advanced Abatement Technology: Will the True Ranking Please Stand Up?’, European Economic Review 47: 125–46.
8. Kathleen Segerson (1988), ‘Uncertainty and Incentives for Nonpoint Pollution Control’, Journal of Environmental Economics and Management, 15: 87–98.
9. James Shortle and Rick Horan (2001), ‘The Economics of Nonpoint Pollution’, Journal of Economic Surveys, 15: 255–90.
10. Lans Bovenberg and Sjak Smulders (1995), ‘Environmental Quality and Pollution-Augmenting Technological Change in a Two-Sector Endogenous Growth Model’, Journal of Public Economics, 57: 369–91.
11. Junjie Wu and William G. Boggess (1999), ‘The Optimal Allocation of Conservation Funds’, Journal of Environmental Economics and Management, 38: 302–21.
12. Gene Grossman and Alan B. Krueger (1995), ‘Economic Growth and the Environment’, The Quarterly Journal of Economics, 110: 353–77.
13. William Harbaugh, Arik Levinson, and David Wilson (2002), ‘Reexamining the Empirical Evidence For an Environmental Kuznets Curve’, The Review of Economics and Statistics, 84: 541–51.
14. Robert Innes, Stephen Polasky, and John Tschirhart, ‘Takings, Compensation and Endangered Species on Private Lands’, Journal of Economic Perspectives, 12: 35–52.
15. Lawrence Blume, Daniel L. Rubinfeld, and Perry Shapiro, ‘The Taking of Land: When Should Compensation be Paid?’, The Quarterly Journal of Economics, 99: 71–92.
16. Richard G. Newell, Adam B. Jaffe, and Robert N. Stavins (1999), ‘The Induced Innovation Hypothesis and Energy-Saving Technological Change’, The Quarterly Journal of Economics, 114: 941–75.
17. Evan Kwerel (1977), ‘To Tell the Truth: Imperfect Information and Optimal Pollution Control’, Review of Economic Studies, 44: 595–601.
18. Erik Lichtenberg and David Zilberman (1988), ‘Efficient Regulation of Environmental Health Risks’, The Quarterly Journal of Economics, 103: 167–78.
19. Stephen Polasky and Holly Doremus (1998), ‘When the Truth Hurts: Endangered Species Policy on Private Land with Imperfect Information’, Journal of Environmental Economics and Management, 35: 22–47.

Volume II: The international dimension
20. Brian R. Copeland and M. Scott Taylor (1994), ‘North-South Trade and the Environment’, The Quarterly Journal of Economics, 109: 755–87.
21. Werner Antweiler, Brian R. Copeland, and M. Scott Taylor (2001), ‘Is Free Trade Good for the Environment?’, American Economic Review, 91: 877–908.
22. Graciela Chichilnisky (1994), ‘North-South Trade and the Global Environment’, The American Economic Review, 84: 851–74.
23. James A. Brander and M. Scott Taylor (1997), ‘International Trade and Open-Access Renewable Resources: The Small Open Economy Case’, The Canadian Journal of Economics, 30: 526–52.
24. Larry S. Karp, Sandeep Sacheti, and Jinhua Zhao (2001), ‘Common Ground Between Free-Traders and Environmentalists’, International Economic Review, 42: 617–47.
25. Michael Rauscher (1994), ‘On Ecological Dumping’, Oxford Economic Papers, 46: 822–40.
26. Scott Barrett (1994), ‘Strategic Environmental Policy and International Trade’, Journal of Public Economics, 54: 325–38.
27. Wallace E. Oates and Robert M. Schwab (1988), ‘Economic Competition Among Jurisdictions: Efficiency Enhancing or Distortion Inducing?’, Journal of Public Economics, 35: 333–54.
28. James R. Markusen, Edward R. Morey, and Nancy Olewiler (1995), ‘Competition in Regional Environmental Policies When Plant Locations are Endogenous’, Journal of Public Economics, 56: 55–77.
29. John D. Wilson (1996), ‘Capital Mobility and Environmental Standards: Is There a Theoretical Basis For a Race to the Bottom?’, in J. Bhagwati and R. Hudec (eds.), Fair Trade and Harmonization: Prerequisites for Free Trade?, Vol. 1 (MIT Press), 393–427.
30. John A. List and Shelby Gerking (2000), ‘Regulatory Federalism and Environmental Protection in the United States’, Journal of Regional Science, 40: 453–71.
31. John A. List and Charles F. Mason (2001), ‘Optimal Institutional Arrangements For Transboundary Pollutants in a Second-Best World: Evidence From a Differential Game With Asymmetric Players’, Journal of Environmental Economics and Management, 42: 277–96.
32. Karl-Goran Maler (1989), ‘The Acid Rain Game’, in Folmer and van Ierland (eds.), Valuation Methods and Policy Making in Environmental Economics (Studies in Environmental Science 36) (Elsevier), 231–52.
33. Michael Hoel (1991), ‘Global Environmental Problems: The Effects of Unilateral Actions Taken By One Country’, Journal of Environmental Economics and Management, 20: 55–70.
34. Frederick van der Ploeg and Aart J. de Zeeuw (1992), ‘International Aspects of Pollution Control’, Environmental and Resource Economics, 2, 117–39.
35. Engelbert Dockner and Ngo van Long (1993), ‘International Pollution Control: Cooperative Versus Noncooperative Strategies’, Journal of Environmental Economics and Management, 24: 13–29.
36. Parkash Chandler and Henry Tulkens (1992), ‘Theoretical Foundations of Negotiations and Cost-Sharing in Transfrontier Pollution Problems’, European Economic Review, 36: 288–99.
37. Scott Barrett (1994), ‘Self-Enforcing International Environmental Agreements’, Oxford Economic Papers, 46: 878–94.

Volume III: Resources, sustainable development, and growth
38. Colin Clark (1976), ‘A Delayed Recruitment Model of Population Dynamics With an Application to Baleen Whale Populations’, Journal of Mathematical Biology, 31: 381–91.
39. Colin Clark (1973), ‘Profit Maximization and the Extinction of Animal Species’, Journal of Political Economy, 81: 950–61.
40. Avinash Dixit, Peter Hammond, and Michael Hoel (1980), ‘On Hartwick’s Rule For Regular Maximin Paths of Capital Accumulation and Resource Depletion’, Review of Economic Studies, 47: 551–6.
41. Robert Pindyck (1980), ‘Uncertainty and Exhaustible Resource Markets’, Journal of Political Economy, 88: 1203–25.
42. Charles F. Mason (2001), ‘Non-Renewable Resources With Switching Costs’, Journal of Environmental Economics and Management, 42: 65–81.
43. Henning Bohn and Robert T. Deacon (2000), ‘Ownership Risk, Investment, and the Use of Natural Resources’, American Economic Review, 90: 526–49.
44. Martin Weitzman (1976), ‘On the Welfare Significance of National Product in a Dynamic Economy’, Quarterly Journal of Economics, 90: 156–62.
45. Partha Dasgupta and Karl-Goran Maler (2000), ‘Net National Product, Wealth, and Social Well-Being’, Environment and Development Economics, 5: 69–94.
46. Martin Weitzman (1998), ‘The Noah’s Ark Problem’, Econometrica, 66: 1279–98.
47. Charles Perrings and Brian Walker (1997), ‘Biodiversity, Resilience and the Control of Ecological-Economic Systems: The Case of Fire-Driven Rangelands’, Ecological Economics, 22: 73–83.
48. Jeffrey D. Sachs and Andrew M. Warner (1997), Natural Resource Abundance and Economic Growth (NBER Working Paper Series, WP 5398) (Cambridge: National Bureau of Economic