Environmental Law and Economics
Theory and Practice

A detailed overview of the law-and-economics methodology developed and employed by environmental lawyers and policymakers.

Michael G. Faure (Author), Roy A. Partain (Author)

9781108454292, Cambridge University Press

Paperback / softback, published 10 October 2019

392 pages, 1 table
22.8 x 15.3 x 2.1 cm, 0.56 kg

'Here, Faure (Erasmus Univ. Rotterdam) and Partain (Univ. of Aberdeen) offer a detailed discussion of the important issues in environmental law, policy, and economics, drawing on both theoretical predictions and empirical studies.' R. M. Ramazani, Choice

In Environmental Law and Economics, Michael G. Faure and Roy A. Partain provide a detailed overview of the law-and-economics methodology developed and employed by environmental lawyers and policymakers. The authors demonstrate how this approach can transcend political divisions in the context of international environmental law, environmental criminal law, and the property rights approach to environmental law. Private law solutions and public regulatory approaches are also explored, including traditional command-and-control and market-based forms of regulation. The book not only shows how the law-and-economics framework can be used to protect the environment, but also to examine deeper questions involving environmental federalism and the effectiveness of environmental law in developing economies. In clear, digestible prose that does not require readers to possess a background in microeconomics or mathematics, the authors introduce the theory and practice of environmental law and economics that have been so critical in the creation of robust environmental policy.

1. Introduction
2. Environmental harm and efficiency
3. Property rights approach to environmental law
4. Environmental standard setting
5. Principles of environmental law and environmental economics
6. Pricing environmental harm
7. Market-based instruments
8. Liability rules
9. Environmental regulation
10. Environmental crime
11. Insurance for environmental damage
12. Compensation for environmental damage
13. Environmental federalism
14. The role of environmental law in developing countries
15. Epilogue.

Subject Areas: Environmental management [RNF], Energy & natural resources law [LNCR], International environmental law [LBBP], Environmental economics [KCN], Economics [KC]