The view taken by environmental economics of the environment tends to see it as having certain characteristics. Among these are that it is a free good, inexhaustible, belonging to nobody and without any form of regulatory price, in the absence of an exchange value. These characteristics lead to...

The view taken by environmental economics of the environment tends to see it as having certain characteristics. Among these are that it is a free good, inexhaustible, belonging to nobody and without any form of regulatory price, in the absence of an exchange value. These characteristics lead to...

Space matters not only because of the transportation costs it imposes on the economy but also because it can serve as an effective instrument to control pollution damages. Previous models of pollution either disregard space altogether or presume a predetermined separation between polluters and...