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Economics of the Environment

Selected Readings, Seventh Edition Edited by Robert N. Stavins, A.J. Meyer Professor of Energy and Economic Development, John F. Kennedy School of Government, Harvard University; University Fellow, Resources for the Future; and Research Associate, National Bureau of Economic Research, US
Economics of the Environment, Seventh Edition is a compendium of the best, most timely articles by a dream team of environmental economists, together with an original introductory chapter by the editor.

Now in its seventh edition, Economics of the Environment serves as a valuable supplement to environmental economics text books and as a stand-alone reference book of key, up-to-date readings from the field. Edited by Robert N. Stavins, the book covers the core areas of environmental economics courses as taught around the world; and the included authors are the top scholars in the field. Overall, more than half of the chapters are new to this edition while the rest have remained seminal works.
Extent: 712 pp
Hardback Price: $230.00 Web: $207.00
Publication Date: 2019
ISBN: 978 1 78897 205 5
Availability: In Stock
Paperback Price: $69.95 Web: $55.96
Publication Date: 2019
ISBN: 978 1 78897 207 9
Availability: In Stock
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  • Economics and Finance
  • Environmental Economics
  • Environment
  • Climate Change
  • Environmental Economics
Economics of the Environment, Seventh Edition is a compendium of the best, most timely articles by a dream team of environmental economists, together with an original introductory chapter by the editor.

Now in its seventh edition, Economics of the Environment serves as a valuable supplement to environmental economics text books and as a stand-alone reference book of key, up-to-date readings from the field. Edited by Robert N. Stavins, the book covers the core areas of environmental economics courses as taught around the world; and the included authors are the top scholars in the field. Overall, more than half of the chapters are new to this edition while the rest have remained seminal works.

This text will prove invaluable to undergraduates and graduates studying environmental economics, environmental policy, and climate change policy. Economics of the Environment will also be a vital resource to practitioners in government, private industry, and advocacy groups and other NGOs working on environmental policy.
Contributors: J. Aldy, D. Bodansky, S. Borenstein, T.A. Cameron, R. Carson, T. Covert, M. Cropper, A. Dechezlepretre, G. Eads, K. Fisher-Vanden, M. Freeman, D. Fullerton, S. Gaines, T. Gayer, T. Gerardon, M. Greenstone, C. Gollier, L. Goulder, B. Groom, R. Hahn, J. Hausman, G. Heal, S. Hoedl, K. Jack, C. Kling, C. Knittel, A. KrupnickIan Parry, E. Maskin, G. Metcalf, R. Newell, R. Noll, W. Nordhaus, S. Olmstead, D. Phaneuf, R. Pindyck, W. Pizer, P. Portney, D. Raimi, F. Reinhardt, L. Reisch, M. Russell, M. Sandel, M. Sato, R. Schmalensee, S. Shavell, J. Shogren, K. Smith, N. Stern, T. Sterner, C. Sunstein, C. Taylor, L. Taylor, R. Tol, K. Viscusi, M. Weitzman, J. Zhao
Contents:

Acknowledgements

Introduction Robert N. Stavins

PART I OVERVIEW AND PRINCIPLES
1. Don Fullerton and Robert N. Stavins (1998), ‘How Economists See the Environment’, Nature, 395, 433–34

2. Ronald H. Coase (1960), ‘The Problem of Social Costs’, Journal of Law and Economics, 3, October, 1–44

PART II THE COSTS AND BENEFITS OF ENVIRONMENTAL PROTECTION
3. Antoine Dechezleprêtre and Misato Sato (2017), ‘The Impacts of Environmental Regulations on Competitiveness', Review of Environmental Economics and Policy, 11 (2), July, 183–206

4. Trudy Ann Cameron (2010), ‘Euthanizing the Value of a Statistical Life', Review of Environmental Economics and Policy, 4 (2), July, 161–78

5. Richard T. Carson (2012), ‘Contingent Valuation: A Practical Alternative When Prices Aren't Available', American Economic Review, 26 (4), Fall, 27–42

6. Catherine L. Kling, Daniel J. Phaneuf and Jinhua Zhao (2012), ‘From Exxon to BP: Has Some Number Become Better Than No Number?', American Economic Review, 26 (4), Fall, 3–26

7. Jerry A. Hausman (2012), ‘Contingent Valuation: From Dubious to Hopeless', American Economic Review, 26 (4), Fall, 43–56

PART III THE GOALS OF ENVIRONMENTAL POLICY: ECONOMIC EFFICIENCY AND BENEFIT-COST ANALYSIS
8. Kenneth J. Arrow, Maureen L. Cropper, George C. Eads, Robert W. Hahn, Lester B. Lave, Roger G. Noll, Paul R. Portney, Milton Russell, Richard Schmalensee, V. Kerry Smith and Robert N. Stavins (1996), ‘Is There a Role for Benefit-Cost Analysis in Environmental, Health, and Safety Regulation?’, Science, 272 (5259), 221–22

9. Lawrence H. Goulder and Robert N. Stavins (2002), ‘An Eye on the Future’, Nature, 419, 673–74

10. K. Arrow, M. Cropper, C. Gollier, B. Groom, G. Heal, R. Newell, W. Nordhaus, R. Pindyck, W. Pizer, P. Portney, T. Sterner, R.S.J Tol and M. Weitzman (2013), ‘Determining Benefits and Costs for Future Generations’, Science, 341 (6144), 349–50

11. Ted Gayer and W. Kip Viscusi (2016), ‘Resisting Abuses of Benefit-Cost Analysis', National Affairs, 35, 59–71

PART IV THE MEANS OF ENVIRONMENTAL POLICY: COST EFFECTIVENESS AND MARKET-BASED INSTRUMENTS
12. Richard Schmalensee and Robert N. Stavins (2017), ‘Lessons Learned from Three Decades of Experience with Cap and Trade', Review of Environmental Economics and Policy, 11 (1), January, 59–79

13. Richard Schmalensee and Robert N. Stavins (2013), ‘The SO2 Allowance Trading System: The Ironic History of a Grand Policy Experiment', American Economic Review, 26 (4), Fall, 43–56

14. Karen Fisher-Vanden and Sheila M. Olmstead (2013), ‘Moving Pollution Trading from Air to Water: Potential, Problems and Prognosis', Journal of Economic Perspectives, 27 (1), Winter, 147–72

PART V ECONOMICS OF NATURAL RESOURCES
15. Robert M. Solow (1974), ‘The Economics of Resources or the Resources of Economics', American Economic Review, 64 (2), May, 1–14

16. Thomas Covert, Michael Greenstone and Christopher R. Knittel (2016), ‘Will We Ever Stop Using Fossil Fuels?', Journal of Economic Perspectives, 30 (1), Winter, 117–38

17. Sheila M. Olmstead (2010), ‘The Economics of Managing Scarce Water Resources', Review of Environmental Economics and Policy, 4 (2), July, 179–98

18. Severin Borenstein (2012), ‘The Private and Public Economics of Renewable Electricity Generation', Journal of Economic Perspectives, 26 (1), 67–92

PART VI GLOBAL CLIMATE CHANGE
19. Joseph E. Aldy, Alan J. Krupnick, Richard G. Newell, Ian W.H. Parry and William A. Pizer (2010), ‘Designing Climate Mitigation Policy', Journal of Economic Literature, 48 (4), December, 903–34

20. William Nordhaus (2007), ‘Critical Assumptions in the Stern Review on Climate Change’, Science, 317 (5835), 201–2

21. Nicholas Stern and Chris Taylor (2007), ‘Climate Change: Risk, Ethics, and the Stern Review’, Science, 317 (5835), 203–4

22. Richard G. Newell, William A. Pizer and Daniel Raimi (2013), ‘Carbon Markets 15 Years After Kyoto: Lessons Learned, New Challenges', Journal of Economic Perspectives, 27 (1), Winter, 123–46

23. Daniel M. Bodansky, Seth A. Hoedl, Gilbert E. Metcalf and Robert N. Stavins (2016), ‘Facilitating Linkage of Climate Policies through the Paris Outcome', Climate Policy, 16 (8), 956–72

24. Richard S.J. Tol (2018), ‘The Economics Impacts of Climate Change', Review of Environmental Economics and Policy, 12 (1), February, 4–25

PART VII SUSTAINABILITY, THE COMMONS, AND GLOBALIZATION
25. Robert M. Solow (1992), ‘Sustainability: An Economist's Perspective', National Geographic: Research and Exploration, 8, 10–21

26. Elinor Ostrom (2009), ‘A General Framework for Analyzing Sustainability of Socio-Ecological Systems’, Science, 325 (5939), 419–22

27. Robert N. Stavins (2011), ‘The Problem of the Commons: Still Unsettled After 100 Years', American Economic Review, 101 (1), February, 81–108
28. Forest L. Reinhardt, Robert N. Stavins and Richard H.K. Vietor (2008), ‘Corporate Social Responsibility Through an Economic Lens', Review of Environmental Economics and Policy, 2 (2), 219–39

29. Michael Greenstone and B. Kelsey Jack (2015), ‘Envirodevonomics: A Research Agenda for an Emerging Field', Journal of Economic Literature, 53 (1), March, 5–42

30. Jason F. Shogren and Laura O. Taylor (2008), ‘On Behavioral-Environmental Economics', Review of Environmental Economics and Policy, 2 (1), January, 26–44

31. Cass R. Sunstein and Lucia A. Reisch (2014), ‘Automatically Green: Behavioural Economics and Environmental Protection', Harvard Environmental Law Review, 38 (1), 127–58

32. Todd D. Gerarden, Richard G. Newell and Robert N. Stavins (2017), ‘Assessing the Energy-Efficiency Gap', Journal of Economic Literature, 55 (4), December, 1486–525

PART VIII ECONOMICS AND ENVIRONMENTAL POLICY MAKING
33. A. Myrick Freeman III (2002), ‘Environmental Policy Since Earth Day I: What Have We Gained?', Journal of Economic Perspectives, 16 (1), Winter, 125–46

34. Robert W. Hahn (2000), ‘The Impact of Economics on Environmental Policy', Journal of Environmental Economics and Management, 39 (3), May, 375–99

Index