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Provides a synthesis of the theory on economywide and international environmental issues and a critical review of models for analyzing those issues. This book begins with chapters on the fundamental relationships that connect environmental resources to economic growth and long-run social welfare.

Focuses on the economics of environmental externalities and environmental public goods. This volume examines environmental degradation and policy responses from a microeconomic, institutional standpoint. It includes chapters on topics such as the theory and practice of pollution regulation, and on the areas of environmental economics research.

Much applied environmental economics is concerned with the valuation of changes in environmental quality. This book presents both the theory and the practice of environmental valuation. It includes chapters on individual valuation methods written by researchers responsible for fundamental advances in those methods.