A Course in Environmental Economics
Theory, Policy, and Practice

This graduate text provides a compelling narrative of current environmental economics that integrates theory, policy, and empirical topics.

Daniel J. Phaneuf (Author), Till Requate (Author)

9780521178693, Cambridge University Press

Paperback, published 24 December 2016

792 pages, 72 b/w illus. 5 tables
25.4 x 17.5 x 4.3 cm, 1.25 kg

'At last, here is a graduate text that covers the theory underlying environmental regulation and the valuation of environmental benefits, which also includes up-to-date empirical methods. It is a resource that should be widely used by the profession!' Maureen Cropper, University of Maryland, College Park

This unique graduate textbook offers a compelling narrative of the growing field of environmental economics that integrates theory, policy, and empirical topics. Daniel J. Phaneuf and Till Requate present both traditional and emerging perspectives, incorporating cutting-edge research in a way that allows students to easily identify connections and common themes. Their comprehensive approach gives instructors the flexibility to cover a range of topics, including important issues - such as tax interaction, environmental liability rules, modern treatments of incomplete information, technology adoption and innovation, and international environmental problems - that are not discussed in other graduate-levels texts. Numerous data-based examples and end-of-chapter exercises show students how theoretical and applied research findings are complementary, and will enable them to develop skills and interests in all areas of the field. Additional data sets and exercises can be accessed online, providing ample opportunity for practice. For more information, visit the book's website at http://phaneuf-requate.com/.

Part I. Economics and the Environment: 1. Environmental economics and the theory of externalities
2. Environmental problems and policy issues
3. Introduction to the theory of environmental policy
Part II. The Design of Environmental Policy: 4. Imperfect information
5. Competitive output markets
6. Non-competitive output markets
7. Environmental policy with pre-existing distortions
8. Institutional topics in cap and trade programs
9. Ambient pollution control
10. Liability
11. Innovation and adoption of new technology
12. International environmental problems
13. Accumulating pollutants
Part III. Valuing the Environment: 14. Theory of applied welfare analysis
15. Revealed preference models
16. Discrete choice models
17. Recreation
18. Property value models
19. Stated preference methods
20. Health valuation
Part IV. The Practice of Environmental Economics: 21. Cost-benefit analysis: modeling
22. Cost-benefit analysis: empirical
23. Final thoughts.

Subject Areas: Environmental science, engineering & technology [TQ], Environmental economics [KCN]