Hardback
Handbook of Environmental and Resource Economics
This major reference book comprises specially commissioned surveys in environmental and resource economics written by an international team of experts. Authoritative yet accessible, each entry provides a state-of-the-art summary of key areas that will be invaluable to researchers, practitioners and advanced students.
Awarded Choice Outstanding Academic Title for 2000
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Critical Acclaim
Contributors
Contents
More Information
This major reference book comprises specially commissioned surveys in environmental and resource economics written by an international team of experts. Authoritative yet accessible, each entry provides a state-of-the-art summary of key areas that will be invaluable to researchers, practitioners and advanced students. The handbook contains 79 chapters distributed over 10 main sections:
• introduction
• economics of natural resources
• economics of environmental policy
• international aspects of environmental economics and policy
• space in environmental economics
• environmental macroeconomics
• economic valuation and evaluation
• interdisciplinary issues
• methods and models in environmental and resource economics
• prospects
Aside from being the most extensive survey of environmental and resource economics available today, the handbook contains several special and unique features. Five of the ten main sections cover topics that are addressed marginally or not at all in previous handbooks or other surveys. Moreover, in addition to overviews of the standard (neoclassical) approach, the book covers core elements of ecological economics in the section on interdisciplinary issues, with a separate chapter comparing neoclassical and ecological economics. The first section includes an introduction and summary of the handbook, as well as a chapter with a historical survey of environmental economics. The final section covers future areas of research from both monodisciplinary and multidisciplinary perspectives.
At a chapter level the handbook addresses, in addition to standard topics, both less common and recent topics in environmental and resource economics. These include cartels in resource extraction, trade in resources, indicators of resource scarcity, endogenous risk, policy in imperfect markets, transaction costs, the double dividend of ecotaxation, distribution issues, ethics and policy, ethics and valuation, strategic trade, endogenous locations, endogenous growth theory, environmental Kuznets curves, sustainability and sustainable development, the meaning of thermodynamics, analysis of materials flows, the relevance of ecological theory, multi-criteria analysis, computable general equilibrium models, decomposition methods, and ecological economics. Traditional topics are surveyed as well, for instance, externalities, instrument choice, nonrenewable resource extraction, fishery economics, water use, the growth debate, valuation methods and cost–benefit analysis.
A final main advantage of the handbook is that the extensive sub-divisions into topics means that the surveys offer an advanced treatment whilst being concise, authoritative and accessible.
• introduction
• economics of natural resources
• economics of environmental policy
• international aspects of environmental economics and policy
• space in environmental economics
• environmental macroeconomics
• economic valuation and evaluation
• interdisciplinary issues
• methods and models in environmental and resource economics
• prospects
Aside from being the most extensive survey of environmental and resource economics available today, the handbook contains several special and unique features. Five of the ten main sections cover topics that are addressed marginally or not at all in previous handbooks or other surveys. Moreover, in addition to overviews of the standard (neoclassical) approach, the book covers core elements of ecological economics in the section on interdisciplinary issues, with a separate chapter comparing neoclassical and ecological economics. The first section includes an introduction and summary of the handbook, as well as a chapter with a historical survey of environmental economics. The final section covers future areas of research from both monodisciplinary and multidisciplinary perspectives.
At a chapter level the handbook addresses, in addition to standard topics, both less common and recent topics in environmental and resource economics. These include cartels in resource extraction, trade in resources, indicators of resource scarcity, endogenous risk, policy in imperfect markets, transaction costs, the double dividend of ecotaxation, distribution issues, ethics and policy, ethics and valuation, strategic trade, endogenous locations, endogenous growth theory, environmental Kuznets curves, sustainability and sustainable development, the meaning of thermodynamics, analysis of materials flows, the relevance of ecological theory, multi-criteria analysis, computable general equilibrium models, decomposition methods, and ecological economics. Traditional topics are surveyed as well, for instance, externalities, instrument choice, nonrenewable resource extraction, fishery economics, water use, the growth debate, valuation methods and cost–benefit analysis.
A final main advantage of the handbook is that the extensive sub-divisions into topics means that the surveys offer an advanced treatment whilst being concise, authoritative and accessible.
Critical Acclaim
‘This is a splendid book. . . It is the ideal book for the indolent PhD student and academic alike. For the former, with a little creative and judicious re-packaging, it will yield at least half of the literature review of any thesis; for the latter, it will provide near instant erudition in fields far removed from ones own speciality. . . Because of its encyclopaedic character, it also tells us something about our profession as a whole and how we work. . . a word of appreciation to the editor of this volume. All of the 79 articles were commissioned pieces, written by 92 authors, each reviewed by 2 anonymous reviewers, revised and re-submitted. Any reader who has edited a commissioned volume will appreciate the majesty and miraculous nature of this achievement.’
– Frank Convery, Environment and Resource Economics
‘This is what it says, a handbook, something to be accessed for in-depth information on specific topics: and there can be no doubt that it is a good one . . . I certainly expect to use it as a basic source on numerous key and specialised topics for many years to come, and to refer others to it with confidence.’
– Colin Price, Environment and Planning B
‘This handbook is the essential reference work in the field. Importantly, the material included is ecumenical in two senses. It is inclusive of authors and perspectives from Europe, North American and developing regions. Further, it gives serious attention to environmental macroeconomics and other key topics more commonly found in compendia on ecological economics. The integration of those topics with more traditional areas of environmental and resource economics is a most useful contribution to greater communication within the broader discipline. Coverage is comprehensive and at a level accessible to practitioners, researchers, and students. References at the end of each chapter constitute a bibliography that provides extensive direction to the foundational and emerging literature for each topic. Highly recommended for upper-division undergraduate through professional collections.’
– J.V. Hall, Choice
‘The handbook is the most comprehensive summary of the theory and practice of environmental and resource economics produced to date. It blends the perspectives of experts from Europe, the US and developing economies on the field, what has been accomplished, and the research frontier ahead. Anyone who wants a thorough source book for accessing the multi-faceted components of this field should have this volume in his library.’
– V. Kerry Smith, Arizona State University, US
‘An impressively comprehensive and informative overview of the field. This book is a must, both as a reference of enduring value and for the authoritative articles it provides.’
– William J. Baumol, New York University and Princeton University, US
– Frank Convery, Environment and Resource Economics
‘This is what it says, a handbook, something to be accessed for in-depth information on specific topics: and there can be no doubt that it is a good one . . . I certainly expect to use it as a basic source on numerous key and specialised topics for many years to come, and to refer others to it with confidence.’
– Colin Price, Environment and Planning B
‘This handbook is the essential reference work in the field. Importantly, the material included is ecumenical in two senses. It is inclusive of authors and perspectives from Europe, North American and developing regions. Further, it gives serious attention to environmental macroeconomics and other key topics more commonly found in compendia on ecological economics. The integration of those topics with more traditional areas of environmental and resource economics is a most useful contribution to greater communication within the broader discipline. Coverage is comprehensive and at a level accessible to practitioners, researchers, and students. References at the end of each chapter constitute a bibliography that provides extensive direction to the foundational and emerging literature for each topic. Highly recommended for upper-division undergraduate through professional collections.’
– J.V. Hall, Choice
‘The handbook is the most comprehensive summary of the theory and practice of environmental and resource economics produced to date. It blends the perspectives of experts from Europe, the US and developing economies on the field, what has been accomplished, and the research frontier ahead. Anyone who wants a thorough source book for accessing the multi-faceted components of this field should have this volume in his library.’
– V. Kerry Smith, Arizona State University, US
‘An impressively comprehensive and informative overview of the field. This book is a must, both as a reference of enduring value and for the authoritative articles it provides.’
– William J. Baumol, New York University and Princeton University, US
Contributors
Contributors: D.G. Abler, B.W. Ang, T. Aronsson, R.U. Ayres, D. Banister, E.B. Barbier, W. Beckerman, J.C.J.M. van den Bergh, R.K. Blamey, S.M. de Bruyn, K.J. Button, C. Carraro, H. Cesar, C.W. Clark, C.J. Cleveland, M.S. Common, K. Conrad, T.D. Crocker, J.R. Crooker, H.E. Daly, F.J. Dietz, F. Duchin, S. El Serafy, S. Faucheux, T. Feenstra, C. Folke, H. Folmer, A.J. Gilbert, H. Glasser, R. Goodland, J.M. Gowdy, N. Hanley, B. Hannon, R.J. Heintz, G.E. Helfand, R.A. Herendeen, M. Hoel, M.W. Hofkes, T.M. Hurley, E.C. van Ireland, R. Janssen, P.-O. Johansson, C.L. Kling, P. Kort, P. Koutstaal, B. Kriström, K. Krutilla, O.J. Kuik, S. Kverndokk, F. Levarlet, L. Lipper, K.-G. Lofgren, N.V. Long, J.R. Markusen, J. Martinez-Alier, W.B. Meyer, R.A. de Mooij, M. Munasinghe, G. Munda, P.A. Neher, P. Nijkamp, M. O’Connor, R.B. Palmquist, D.W. Pearce, P.T. Powell, J.L.R. Proops, S. Proost, M. Rauscher, P. Rietveld, A. Rose, C.S. Russell, M. Ruth, J.F. Shogren, J.S. Shortle, D. Siniscalco, S. Smith, S. Smulders, A.E. Steenge, K. Steininger, D.I. Stern, T. Tietenberg, R.K. Turner, A.M. Ulph, J.W. Velthuijsen, H. Verbruggen, E.T. Verhoef, H.R.J. Vollebergh, C.A.A.M. Withagen, E. Worrell, A. Xepapadeas, A.J. de Zeeuw, D. Zilberman
Contents
Contents:
Preface
Part I: Introduction
1. An Overview of Environmental and Resource Economics (J.C.J.M. van den Bergh)
2. A Short History of Environmental and Resource Economics (T.D. Crocker) Part II: Economics of Natural Resources
3. Optimal Extraction of Non-Renewable Resources (C.Withagen)
4. Imperfect Competition in Natural Resource Markets (C.Withagen and A. de Zeeuw)
5. Economics of Mining Taxation (P.A. Neher)
6. International Trade and Natural Resources (N. Van Long)
7. Indicators of Natural Resource Scarcity: A Review and Synthesis (C.J. Cleveland and D.I. Stern)
8. Renewable Resources: Fisheries (C.W. Clark)
9. Renewable Resources: Forestry (T. Aronsson and K.-G. Löfgren)
10. The Economics of Water Use (D. Zilberman and L. Lipper)
11. Agriculture and the Environment (J.S. Shortle and D.G. Abler)
12. Economics of Energy (J. Willem and E. Worrell)
Part III: Economics of Environmental Policy
13. Externalities (E.T. Verhoef)
14. Endogenous Environmental Risk (T.D. Crocker and J.F. Shogren)
15. Standards versus Taxes in Pollution Control (G.E. Helfand)
16. Imperfect Markets, Technological Innovation and Environmental Policy Instruments (C. Carraro)
17. Environmental Policy and Transaction Costs (K. Krutilla)
18. Tradable Permits in Economist Theory (P. Koutstaal)
19. Lessons from Using Transferable Permits to Control Air Pollution in the United States (T. Tietenberg)
20. The Double Dividend of an Environmental Tax Reform (R.A. de Mooij)
21. Practical Considerations and Comparison of Instruments of Environmental Policy (C.S. Russell and P.T. Powell)
22. Public Economics and Environmental Policy (S. Proost)
23. Positive Analyses of Instrument Choice in Environmental Policies (F.J. Dietz and H.R.J. Vollebergh)
24. Equity in Environmental Policy: An Application to Global Warming (A. Rose and S. Kverndokk)
25. Distributional Issues: An Overview (J. Martinez-Alier and M. O’Connor)
Part IV: International Aspects of Environment Economics and Policy
26. Environmental Policy in Open Economies (M. Rauscher)
27. Partial Equilibrium Models of Trade and the Environment (K. Krutilla)
28. General Models of Environmental Policy and Foreign Trade (K. Steininger) 29. Strategic Environmental Policy and Foreign Trade (A.M. Ulph)
30. Environment, International Trade and Development (H. Verbruggen)
31. Environmental Conflict, Bargaining and Cooperation (C. Carraro)
32. Transboundary Environmental Problems (M. Hoel)
33. Economic Analysis of Global Environmental Issues: Global Warming, Stratospheric Ozone and Biodiversity (D. Pearce)
34. Tax Instruments for Curbing Co2 Emissions (S. Smith)
Part V: Space in Environmental Economics
35. Environmental and Regional Economics (P. Nijkamp)
36. Non-point Source Pollution Control (A. Xepapadeas)
37. Land Use and Environmental Quality (W.B. Meyer)
38. Urban Sustainability (D. Banister)
39. Location Choice, Environmental Quality and Public Policy (J.R. Markusen) 40. Transport and the Environment (K.J. Button and P. Rietveld)
Part VI: Environmental Macroeconomics
41. Environment in Macroeconomic Modelling (E.C. van Ierland)
42. Endogenous Growth Theory and the Environment (S. Smulders)
43. A Pro-growth Perspective (W. Beckerman)
44. Steady-state Economics: Avoiding Uneconomic Growth (H.E. Daly)
45. An Assessment of the Growth Debate (J.C.J.M. van den Bergh and R.A. de Mooij)
46. The Environmental Kuznets Curve Hypothesis (S.M. de Bruyn and R.J. Heintz)
47. Growth-oriented Economic Policies and their Environmental Impact (M. Munasinghe)
48. The Biophysical Basis of Environmental Sustainability (R. Goodland)
49. Indicators of Sustainable Development (O.J. Kuik and A.J. Gilbert)
50. Development, Poverty and Environment (E.B. Barbier)
Part VII: Economic Valuation and Evaluation
51. Theory of Economic Valuation of Environmental Goods and Services (P.-O. Johansson)
52. Recreation Demand Models for Environmental Valuation (C.L. Kling and J.R. Crooker)
53. Hedonic Models (R.B. Palmquist)
54. Contingent Valuation (B. Kristöni)
55. Meta-analysis, Economic Valuation and Environmental Economics (J.C.J.M. van den Bergh and K.J. Button)
56. Valuation and Ethics in Environmental Economics (R.K. Blamey and M.S. Common)
57. Cost–benefit Analysis of Environmental Policy and Management (N. Hanley) 58. Multi-criteria Methods for Quantitative and Fuzzy Evaluation Problems (R. Janssen and G. Munda)
Part VIII: Interdisciplinary Issues
59. Physical Principles and Environmental Economic Analysis (M. Ruth)
60. Materials, Economics and the Environment (R.U. Ayres)
61. Ecological Principles and Environmental Economic Analysis (R. Folke)
62. Industrial Metabolism and the Grand Nutrient Cycles (R.U. Ayres)
63. Indicators of Economic and Ecological Health (B. Hannon)
64. EMERGY, Value, Ecology and Economics (R.A. Herendeen)
65. Evolution, Environment and Economics (J.M. Gowdy)
66. Ethical Perspectives and Environmental Policy Analysis (H. Glasser)
67. Environmental and Ecological Economics Perspectives (R.K. Turner)
Part IX: Methods and Models in Environmental and Resource Economics
68. Input–Output Analysis, Technology and the Environment (F. Duchin and A.E. Steenge)
69. Computable General Equilibrium Models for Environmental Economics and Policy Analysis (K. Conrad)
70. Game Theory in Environmental Policy Analysis (H. Folmer and A. de Zeeuw)
71. Optimal Control Theory in Environmental Economics (T. Feenstra, H. Cesar and P. Kort)
72. Economic Models of Sustainable Development (J.C.J.M. van den Bergh and M.W. Hofkes)
73. Energy–Economy–Environment Models (S. Faucheux and F. Levarlet)
74. Decomposition Methodology in Energy Demand and Environmental Analysis (B.W. Ang)
75. Input–Output Structural Decomposition Analysis of Energy and the Environment (A. Rose)
76. Experiments in Environmental Economics (J.F. Shogren and T.M. Hurley)
77. Natural Resource Accounting (S. El Serafy)
Part X: Prospects
78. Impacts of Economic Theories on Environmental Economics: Prospects (D. Siniscalco)
79. Integration and Communication between Environmental Economics and other Disciplines (J.L.R. Proops)
Index
Preface
Part I: Introduction
1. An Overview of Environmental and Resource Economics (J.C.J.M. van den Bergh)
2. A Short History of Environmental and Resource Economics (T.D. Crocker) Part II: Economics of Natural Resources
3. Optimal Extraction of Non-Renewable Resources (C.Withagen)
4. Imperfect Competition in Natural Resource Markets (C.Withagen and A. de Zeeuw)
5. Economics of Mining Taxation (P.A. Neher)
6. International Trade and Natural Resources (N. Van Long)
7. Indicators of Natural Resource Scarcity: A Review and Synthesis (C.J. Cleveland and D.I. Stern)
8. Renewable Resources: Fisheries (C.W. Clark)
9. Renewable Resources: Forestry (T. Aronsson and K.-G. Löfgren)
10. The Economics of Water Use (D. Zilberman and L. Lipper)
11. Agriculture and the Environment (J.S. Shortle and D.G. Abler)
12. Economics of Energy (J. Willem and E. Worrell)
Part III: Economics of Environmental Policy
13. Externalities (E.T. Verhoef)
14. Endogenous Environmental Risk (T.D. Crocker and J.F. Shogren)
15. Standards versus Taxes in Pollution Control (G.E. Helfand)
16. Imperfect Markets, Technological Innovation and Environmental Policy Instruments (C. Carraro)
17. Environmental Policy and Transaction Costs (K. Krutilla)
18. Tradable Permits in Economist Theory (P. Koutstaal)
19. Lessons from Using Transferable Permits to Control Air Pollution in the United States (T. Tietenberg)
20. The Double Dividend of an Environmental Tax Reform (R.A. de Mooij)
21. Practical Considerations and Comparison of Instruments of Environmental Policy (C.S. Russell and P.T. Powell)
22. Public Economics and Environmental Policy (S. Proost)
23. Positive Analyses of Instrument Choice in Environmental Policies (F.J. Dietz and H.R.J. Vollebergh)
24. Equity in Environmental Policy: An Application to Global Warming (A. Rose and S. Kverndokk)
25. Distributional Issues: An Overview (J. Martinez-Alier and M. O’Connor)
Part IV: International Aspects of Environment Economics and Policy
26. Environmental Policy in Open Economies (M. Rauscher)
27. Partial Equilibrium Models of Trade and the Environment (K. Krutilla)
28. General Models of Environmental Policy and Foreign Trade (K. Steininger) 29. Strategic Environmental Policy and Foreign Trade (A.M. Ulph)
30. Environment, International Trade and Development (H. Verbruggen)
31. Environmental Conflict, Bargaining and Cooperation (C. Carraro)
32. Transboundary Environmental Problems (M. Hoel)
33. Economic Analysis of Global Environmental Issues: Global Warming, Stratospheric Ozone and Biodiversity (D. Pearce)
34. Tax Instruments for Curbing Co2 Emissions (S. Smith)
Part V: Space in Environmental Economics
35. Environmental and Regional Economics (P. Nijkamp)
36. Non-point Source Pollution Control (A. Xepapadeas)
37. Land Use and Environmental Quality (W.B. Meyer)
38. Urban Sustainability (D. Banister)
39. Location Choice, Environmental Quality and Public Policy (J.R. Markusen) 40. Transport and the Environment (K.J. Button and P. Rietveld)
Part VI: Environmental Macroeconomics
41. Environment in Macroeconomic Modelling (E.C. van Ierland)
42. Endogenous Growth Theory and the Environment (S. Smulders)
43. A Pro-growth Perspective (W. Beckerman)
44. Steady-state Economics: Avoiding Uneconomic Growth (H.E. Daly)
45. An Assessment of the Growth Debate (J.C.J.M. van den Bergh and R.A. de Mooij)
46. The Environmental Kuznets Curve Hypothesis (S.M. de Bruyn and R.J. Heintz)
47. Growth-oriented Economic Policies and their Environmental Impact (M. Munasinghe)
48. The Biophysical Basis of Environmental Sustainability (R. Goodland)
49. Indicators of Sustainable Development (O.J. Kuik and A.J. Gilbert)
50. Development, Poverty and Environment (E.B. Barbier)
Part VII: Economic Valuation and Evaluation
51. Theory of Economic Valuation of Environmental Goods and Services (P.-O. Johansson)
52. Recreation Demand Models for Environmental Valuation (C.L. Kling and J.R. Crooker)
53. Hedonic Models (R.B. Palmquist)
54. Contingent Valuation (B. Kristöni)
55. Meta-analysis, Economic Valuation and Environmental Economics (J.C.J.M. van den Bergh and K.J. Button)
56. Valuation and Ethics in Environmental Economics (R.K. Blamey and M.S. Common)
57. Cost–benefit Analysis of Environmental Policy and Management (N. Hanley) 58. Multi-criteria Methods for Quantitative and Fuzzy Evaluation Problems (R. Janssen and G. Munda)
Part VIII: Interdisciplinary Issues
59. Physical Principles and Environmental Economic Analysis (M. Ruth)
60. Materials, Economics and the Environment (R.U. Ayres)
61. Ecological Principles and Environmental Economic Analysis (R. Folke)
62. Industrial Metabolism and the Grand Nutrient Cycles (R.U. Ayres)
63. Indicators of Economic and Ecological Health (B. Hannon)
64. EMERGY, Value, Ecology and Economics (R.A. Herendeen)
65. Evolution, Environment and Economics (J.M. Gowdy)
66. Ethical Perspectives and Environmental Policy Analysis (H. Glasser)
67. Environmental and Ecological Economics Perspectives (R.K. Turner)
Part IX: Methods and Models in Environmental and Resource Economics
68. Input–Output Analysis, Technology and the Environment (F. Duchin and A.E. Steenge)
69. Computable General Equilibrium Models for Environmental Economics and Policy Analysis (K. Conrad)
70. Game Theory in Environmental Policy Analysis (H. Folmer and A. de Zeeuw)
71. Optimal Control Theory in Environmental Economics (T. Feenstra, H. Cesar and P. Kort)
72. Economic Models of Sustainable Development (J.C.J.M. van den Bergh and M.W. Hofkes)
73. Energy–Economy–Environment Models (S. Faucheux and F. Levarlet)
74. Decomposition Methodology in Energy Demand and Environmental Analysis (B.W. Ang)
75. Input–Output Structural Decomposition Analysis of Energy and the Environment (A. Rose)
76. Experiments in Environmental Economics (J.F. Shogren and T.M. Hurley)
77. Natural Resource Accounting (S. El Serafy)
Part X: Prospects
78. Impacts of Economic Theories on Environmental Economics: Prospects (D. Siniscalco)
79. Integration and Communication between Environmental Economics and other Disciplines (J.L.R. Proops)
Index
