Table of Contents

Part I: Introduction to the Field of Environmental and Natural Resource Economics 1. Visions of the Future 2. The Economic Approach: Property Rights, Externalities, and Environmental Problems 3. Evaluating Trade-Offs: Benefit-Cost Analysis and Other Decision-Making Metrics 4. Valuing the Environment: Methods 5. Dynamic Efficiency and Sustainable Development 6. Depletable Resource Allocation: The Role of Longer Time Horizons, Substitutes and Extraction Cost Part II: Economics of Pollution Control 7. Economics of Pollution Control: An Overview 8. Stationary-Source Local and Regional Air Pollution 9. Water Pollution: Managing water quality for rivers, lakes, and oceans 10. Toxic Substances and Environmental Justice Part III: Climate Section 11. Climate Change I: The Nature of the Challenge 12. Climate Change II: The Role of Energy Policy 13. Climate Change III: Carbon Pricing 14. Climate Change IV: Adaptation – Floods, fires and water scarcity 15. Transportation: Managing congestion and pollution Part IV: Natural Resource Economics 16. Ecosystem Services: Nature’s Threatened Bounty 17. Common-Pool Resources: Commercially Valuable Fisheries 18. Forests: Storable, Renewable Resources 19. Land: A Locationally Fixed, Multipurpose Resource Part V: Sustainable Development 20. Sustainable Development: Meeting the Challenge End Matter: Answers to Self-Test Exercises Glossary Index

About the Author

Tom Tietenberg is the Mitchell Family Professor of Economics, Emeritus at Colby College, Maine, USA.

Lynne Lewis is Elmer W. Campbell Professor of Economics at Bates College, Maine, USA.