Environmental Economics is the first text that concentrates solely on environmental economics--the problems of earth, air, and water pollution--with an emphasis on both government and regulation and private-sector anti-pollution incentives. It assumes a knowledge of intermediate microeconomics; therefore, basic economics is not reviewed in this book as it is in others. The book is divided into four primary sections: the first section defines the field of environmental economics in relation to general economics and to ecological and resource economics; the second section looks at market failure and considers why, even with apparent environmental protection, the market often fails to work properly; the third section examines government regulation of pollution using the industrial organization literature; and the final section looks at the demand for environmental quality, covering both revealed preference and stated preference methods. Because of global interest in environmental economics, this text includes many international examples and places special emphasis on the way countries around the world approach and control their own environmental problems. Environmental Economics is ideal for undergraduate and beginning graduate courses in environmental economics.
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Charles Kolstad is at University of California, Santa Barbara.Review:
"We have all been waiting for a first-rate textbook on environmental economics. Charles Kolstad's excellent new book was worth the wait."--William D. Nordhaus, Yale University
"Kolstad's new book is a treasury of economic analytical concepts and tools used to study environmental problems and design institutional responses to them. It fills a critical gap and will be highly valued by advanced undergraduates and graduate students."--David Bradford, Princeton University
"This book will serve an important market niche. Because it focuses only on environmental economics rather than the larger field of environmental and resource economics, it does a better job of thoroughly covering the topics. It provides a rigorous, yet accessible treatment of many topics that are not satisfactorily covered in current environmental economics books."--Catherine L. Kling, Iowa State University
"The treatment is thorough, clear, and concise. It differs from other texts in the field by including a more detailed coverage of valuation methods, legal liability, and asymmetric information. It fills a particular niche in the market for undergraduate texts."--Charles Perrings, The University of York
"There are hardly any textbooks available with this focus that can be used effectively for undergraduate teaching. This book fills a void in the textbooks currently available in the market on environmental economics for upper-level undergraduate students."--Madhu Khanna, University of Illinois at Urbana-Champaign
"Kolstad fulfills his promise of providing a solid and comprehensive treatment of environmental economics for upper division economics majors."--James Roumasset, University of Hawaii
"Presents the subject with sufficient depth to make it more useful than other undergraduate books in this area. The international section is very helpful."--Walter C. Labys, West Virginia University
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