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THE ECONOMICS OF THE ENVIRONMENT
The Economics of the Environment is a working collection of the leading papers in the field of environmental economics. It presents within the compass of a single volume the two central issues in environmental economics: the theory and practice of economic regulation and the valuation of environmental amenities. Wallace E. Oates has included both the classics, the seminal papers in the field, and some of the recent work that is making an important contribution to the economic analysis of environmental problems.
More Information
Critical Acclaim
Contributors
Contents
More Information
The Economics of the Environment is a working collection of the leading papers in the field of environmental economics. It presents within the compass of a single volume the two central issues in environmental economics: the theory and practice of economic regulation and the valuation of environmental amenities. Wallace E. Oates has included both the classics, the seminal papers in the field, and some of the recent work that is making an important contribution to the economic analysis of environmental problems.
Critical Acclaim
‘Oates, a well-known environmental economist. . . . gathers together in this large volume 35 previously published classic articles in the fields of environmental economics. His choices are excellent. This book would be desirable for any library serving graduate programs in environmental economics.’
– T.H. Tietenberg, Choice
‘To scientists from related disciplines and economists, who wish to study environmental economics and the seminal papers in the field, this volume offers a competent selection of the most important writings on the subject.’
– Thomas Wagner, Kyklos
‘This volume of thirty-five collected papers on environmental economics has the advantage of being edited by Wallace Oates, an instrumental figure in the development of this sub-discipline since its emergence in the early 1970s, and thus eminently qualified for the task.’
– Julie Whittaker, The Manchester School
– T.H. Tietenberg, Choice
‘To scientists from related disciplines and economists, who wish to study environmental economics and the seminal papers in the field, this volume offers a competent selection of the most important writings on the subject.’
– Thomas Wagner, Kyklos
‘This volume of thirty-five collected papers on environmental economics has the advantage of being edited by Wallace Oates, an instrumental figure in the development of this sub-discipline since its emergence in the early 1970s, and thus eminently qualified for the task.’
– Julie Whittaker, The Manchester School
Contributors
Contributors: W.J. Baumol, R.H. Coase, J.H. Dales, A.C. Fisher, A.V. Kneese, S. Rosen, T.H. Tietenberg, W.D. Watson, Jr., M.L. Weitzman
Contents
CONTENTS
INTRODUCTION
PART I: Environmental Economics: An Overview
R. U. Ayres and A. V. Kneese (1969), ‘Production, Consumption, and Externalities’
PART II: The Theory of Environmental Regulation
W. J. Baumol (1972), ‘On Taxation and the Control of Externalities’
B. J. Spulber (1985), ‘Effluent Regulation and Long-Run Optimality’
W. J. Baumol and D. F. Bradford (1972), ‘Detrimental Externalities and Non-Convexity of the Production Set’
R. H. Coase (1960), ‘The Problem of Social Cost’
R. Turvey (1963), ‘On Divergences Between Social Cost and Private Cost’
M. L. Weitzman (1974), ‘Prices vs. Quantities’
Z. Adar and J.M.. Griffin (1976), ‘Uncertainty and the Choice of Pollution Control Instruments’
M. J. Roberts and M. Spence (1976), ‘Effluent Charges and Licenses Under Uncertainty’
PART III: The Deign and Implementation of Environmental Policy
W. J. Baumol and W. E. Oates (1971), ‘The Use of Standards and Prices for Protection of the Environment’
J. H. Dale (1968), ‘Land, Water and Ownership’
D. W. Montgomery (1972), ‘Markets in licenses and Efficient Pollution Control Programs’
T. H. Tietenberg (1980), ‘Transferable Discharge Permits and the Control of Stationary Source Air Pollution: A Survey and Synthesis’
W. O’Neil, M. David, C. Moore and E. Joeres (1983), ‘Transferable Discharge Permits and Economic Efficiency: The Fox River’
E. P. Seskin, R. J. Anderson, Jr., and R. O. Reid (1983), ‘An Empirical Analysis of Economic Strategies for Controlling Air Pollution’
W. E. Oates and D. L. Strassman (1984), ‘Effluent Fees and Market Structure’
R. W. Hahn (1989), ‘Economic Prescriptions for Environmental Problems: How the Patient Followed the Doctor’s Orders’
PART IV: Measuring the Benefits and Costs of Environmental Amenities
M. Clawson (1959), ‘Methods of ~Measuring the Demand for and Value of Outdoor Recreation’
J. L. Knetsch and R. K. Davis (1966), ‘Comparisons of Methods for Recreation Evaluation’
K-G. Mäler (1971), ‘A Method of Estimating Social Benefits from Pollution Control’
R. G. Ridker and J. A. Henning (1967), ‘The Determinants of Residential Property Values with Special Reference to Air Pollution’
S. Rosen (1974), ‘Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition’
N. E. Bockstael and K. E. McConnell (1983), ‘Welfare Measurement in the Household Production Framework’
W. Harrington, A. . Krupnick and W. O. Spofford, Jr. (1989), ‘The Economic Losses of a Waterborne Disease Outbreak’
B. A. Weisbrod (1964), ‘Collective-consumption Services of Individual-consumption Goods’
A. Randall, B. Ives and C. Eastman (1974), ‘Bidding Games for Valuation of Aesthetic Environmental Improvements’
D. S. Brookshire, M. A. Thayer, W. D. Schulze, and R. C. D’Arge (1982), ‘Valuing Public Goods: A Comparison of Survey and Hedonic Approaches’
W. . Hanemann (1991), ‘Willingness to pay and Willingness to Accept: How Much Can They Differ?’
M. Hazilla, R. J. Kopp (1990), ‘Social Cost of Environmental Quality Regulations: A General Equilibrium Analysis’
PART V: The Enforcement of Environmental Policies
P. B. Downing and W. D. Watson, Jr. (1974), ‘The Economics of Enforcing Air Pollution Controls’
J. D. Bradford (1978), ‘Firm Behavior Under Imperfectly Enforcable Pollution Standards and Taxes’
W. Harrington (1988), ‘Enforcement Leverage When Penalties are Restricted’
PART VI: The Economics of Conversation
J. V. Krutilla (1967), ‘Conservation Reconsidered’
A. C. Fisher, J. V. Krutilla and C. . Cicchetti (1972), ‘The Economics of Environmental Preservation: A Theoretical and Empirical Analysis’
K. J. Arrow and A. C. Fisher (1974), ‘Environmental Preservation, Uncertainy and Irreversibility’
INTRODUCTION
PART I: Environmental Economics: An Overview
R. U. Ayres and A. V. Kneese (1969), ‘Production, Consumption, and Externalities’
PART II: The Theory of Environmental Regulation
W. J. Baumol (1972), ‘On Taxation and the Control of Externalities’
B. J. Spulber (1985), ‘Effluent Regulation and Long-Run Optimality’
W. J. Baumol and D. F. Bradford (1972), ‘Detrimental Externalities and Non-Convexity of the Production Set’
R. H. Coase (1960), ‘The Problem of Social Cost’
R. Turvey (1963), ‘On Divergences Between Social Cost and Private Cost’
M. L. Weitzman (1974), ‘Prices vs. Quantities’
Z. Adar and J.M.. Griffin (1976), ‘Uncertainty and the Choice of Pollution Control Instruments’
M. J. Roberts and M. Spence (1976), ‘Effluent Charges and Licenses Under Uncertainty’
PART III: The Deign and Implementation of Environmental Policy
W. J. Baumol and W. E. Oates (1971), ‘The Use of Standards and Prices for Protection of the Environment’
J. H. Dale (1968), ‘Land, Water and Ownership’
D. W. Montgomery (1972), ‘Markets in licenses and Efficient Pollution Control Programs’
T. H. Tietenberg (1980), ‘Transferable Discharge Permits and the Control of Stationary Source Air Pollution: A Survey and Synthesis’
W. O’Neil, M. David, C. Moore and E. Joeres (1983), ‘Transferable Discharge Permits and Economic Efficiency: The Fox River’
E. P. Seskin, R. J. Anderson, Jr., and R. O. Reid (1983), ‘An Empirical Analysis of Economic Strategies for Controlling Air Pollution’
W. E. Oates and D. L. Strassman (1984), ‘Effluent Fees and Market Structure’
R. W. Hahn (1989), ‘Economic Prescriptions for Environmental Problems: How the Patient Followed the Doctor’s Orders’
PART IV: Measuring the Benefits and Costs of Environmental Amenities
M. Clawson (1959), ‘Methods of ~Measuring the Demand for and Value of Outdoor Recreation’
J. L. Knetsch and R. K. Davis (1966), ‘Comparisons of Methods for Recreation Evaluation’
K-G. Mäler (1971), ‘A Method of Estimating Social Benefits from Pollution Control’
R. G. Ridker and J. A. Henning (1967), ‘The Determinants of Residential Property Values with Special Reference to Air Pollution’
S. Rosen (1974), ‘Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition’
N. E. Bockstael and K. E. McConnell (1983), ‘Welfare Measurement in the Household Production Framework’
W. Harrington, A. . Krupnick and W. O. Spofford, Jr. (1989), ‘The Economic Losses of a Waterborne Disease Outbreak’
B. A. Weisbrod (1964), ‘Collective-consumption Services of Individual-consumption Goods’
A. Randall, B. Ives and C. Eastman (1974), ‘Bidding Games for Valuation of Aesthetic Environmental Improvements’
D. S. Brookshire, M. A. Thayer, W. D. Schulze, and R. C. D’Arge (1982), ‘Valuing Public Goods: A Comparison of Survey and Hedonic Approaches’
W. . Hanemann (1991), ‘Willingness to pay and Willingness to Accept: How Much Can They Differ?’
M. Hazilla, R. J. Kopp (1990), ‘Social Cost of Environmental Quality Regulations: A General Equilibrium Analysis’
PART V: The Enforcement of Environmental Policies
P. B. Downing and W. D. Watson, Jr. (1974), ‘The Economics of Enforcing Air Pollution Controls’
J. D. Bradford (1978), ‘Firm Behavior Under Imperfectly Enforcable Pollution Standards and Taxes’
W. Harrington (1988), ‘Enforcement Leverage When Penalties are Restricted’
PART VI: The Economics of Conversation
J. V. Krutilla (1967), ‘Conservation Reconsidered’
A. C. Fisher, J. V. Krutilla and C. . Cicchetti (1972), ‘The Economics of Environmental Preservation: A Theoretical and Empirical Analysis’
K. J. Arrow and A. C. Fisher (1974), ‘Environmental Preservation, Uncertainy and Irreversibility’
