The Economics of the Environment completely integrates economics and environmental issues, explaining how both market successes and failures affect the environment. This text also shows students how to measure the value of environmental goods, the use of these measurements in weighing environmental costs against the benefits of economic activity and the implementation of policies to correct market failures

Table of Content:
Chapter 1. Economics and the Environment Chapter 2. Supply and Demand: Market Forces and the Environment Chapter 3. Markets and Market Failure: A Cause of Environmental Degradation Chapter 4. Consumer Behavior and the Environment Chapter 5. Measuring Benefits to Consumers Chapter 6. Revealed Preference Chapter 7. Stated Preference Methods Chapter 8. From Production to Pollution Chapter 9. Production, Pollution, Output, and Prices Chapter 10. Maximizing Net Benefits in the Presence of Externalities Chapter 11. Private Markets and the Environment: The Coase Theorem Chapter 12. Government Policies for Environmental Protection Chapter 13. Enforcement and Political Economy Chapter 14. The Time Factor: Discounting Chapter 15. Benefit-Cost Analysis Chapter 16. Nonrenewable Resource Management Chapter 17. Renewable Resource Management Chapter 18. Economic Growth and the Environment Chapter 19. Sustainability .