Environmental Economics: Individual Incentives and Public Choices

This book provides an introduction to the role of economics in debates on the environment. The authors examine the contribution of economics to an understanding of the emergence and persistence of environmental problems and focus on the basic concepts that can be applied to the evaluation of damage and assessment of policy options. Throughout the text, both the usefulness and the limits of economic techniques are explored. These are elaborated in the second part of the book through a number of case studies on environmental issues, both local and global.