The Economics of Environmental Quality

Mills, Edwin S.

ISBN 10: 0393090434 / ISBN 13: 9780393090437

Published by Unknown, 1978

About this Item

Good; Used - Good:� Item may have signs of use (such as marks, edgewear, cuts, tears, bends, or crushes on the cover, spine, pages, or dust jacket) but is still readable with intact binding. Pages may include limited notes and highlighting. Slipcase, dust covers, or boxed set cases may be missing. May be missing bundled media, access codes, and/or accessories.

Seller Inventory # R4-A-00243-G

Bibliographic Details

• Title: The Economics of Environmental Quality
• Publisher: Unknown
• Publication Date: 1978
• Language: English
• ISBN 10: 0393090434
• ISBN 13: 9780393090437
• Binding: hardcover
• Condition: Good

About this title

Synopsis

This new edition expands on the first edition by adding more illustrative examples, incorporating the latest data and information on environmental quality, and broadening and somewhat simplifying the analytical material.

An introduction to the economics of the environment, it provides a coherent chain of theoretical and empirical reasoning on environmental problems and measures to control them and reduce their severity. It equips the reader with the basic tools needed to assess the economic damage caused by materials discharged to air, water, and other environmental media.

The all-new Chapter 2 in this edition makes the text more accessible by applying the basic elements of microeconomics analysis to environmental issues: supply and demand for ordinary and environmental goods, emphasizing both similarities and differences; also market failure, public goods, property rights, the "free rider" problem, and externalities. A section on hazardous substances has been added along with a discussion of the latest environmental alternative reforms. The book now ends with a new chapter on the prospects for environmental economics.

In Part I, the authors establish a theoretical base for the material in subsequent sections. They review key elements of microeconomic theory and extend them to include polluting discharges. Principles of welfare economics, of market failure from externalities, and of benefit-cost analysis receive careful exposition. They are then applied to alternative government programs such as effluent fees, subsidies, and regulation designed to optimize resource allocation in the presence of externalities.

Part II draws together technical data on water, air, and solid-waste discharges. Sources, amounts, damages, abatement techniques, and benefit-cost calculations are pollutants. The final section deals with pollution-control programs now in effect, proposals for new policies, and future role of environmental economics.