"In this Very Short Introduction, Stephen Smith shows how the field of environmental economics looks at how economic activity and policy can affect the environment in which we live. The book discusses environmental issues including pollution control, reducing environmental damage, global climate...

We consider environmental regulation in a context where firms invest in abatement technology under conditions of uncertainty about subsequent abatement cost, but can subsequently adjust output in the light of true marginal abatement cost. Where an emission tax is the only available instrument,...

We consider environmental regulation in a context where firms invest in abatement technology under conditions of uncertainty about subsequent abatement cost, but can subsequently adjust output in the light of true marginal abatement cost. Where an emission tax is the only available instrument,...