This chapter describes environmental economics as seen from the standpoint of neoclassical welfare economics. It discusses theoretical framework for measurements of welfare effects of changes in the environment. This framework is founded on a general equilibrium approach, to environmental...

1. Summary -- 2. Introduction -- 2.1 Background -- 2.2 Sustainable Development -- 2.3 Disposition and Delimitations -- 3. Distortions in the Economic System and the Need for Economic Analysis -- 3.1 The “Bench-mark” Economy -- 3.2 Market Failures -- 3.3 Policy Failures -- 3.4 Summary -- 4....

This book is the second, revised, edition of a text based on a report commissioned by the Swedish International Development Agency (SIDA). The main purposes of this book are: to discuss the causes of environmental degradation from an economic perspective; to provide a conceptual framework for the...

Many of the frontiers of environmental economics research are at the interface of large-scale and long-term environmental change with national and global economic systems. This is also where some of the most of challenging environmental policy issues occur. Volume 3 of the Handbook of...