We model countries' choice of greenhouse gas (GHG) emissions as a dynamic game. Emissions generate immediate benefits to the emitting country but also increase atmospheric GHG concentrations that negatively affect present and future welfare of all countries. Because there are no international...

Preface -- Introduction -- Four economic questions about climate change -- How much pollution is too much? -- Ethics and economics -- Pollution and resource degradation as externalities -- The efficiency standard -- Measuring the benefits of environmental protection -- Measuring the costs of...

"This ninth edition of Economics and the Environment is the third to include Dr. Stephen Polasky as a coauthor, who has brought to the text a reworked and stronger focus on natural resource economics and ecosystem services. This book was first published almost 30 years ago in 1992, as the Rio...