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| equimarginal principle environmental economics: Environmental Economics Barry C. Field, 1997 Balancing theory, policy and real-world results, this text aims to offer comprehensive coverage of global and US policy options. |
| equimarginal principle environmental economics: Environmental Economics David Burningham, John Davies, 2004 'Environmental Economics' is about the contribution economics can make to solving environmental problems, and about the questions raised over choice and efficiency in the use of limited resources. |
| equimarginal principle environmental economics: Environmental Economics Madhunita Biswas, 2007-01-01 Environmental economics is a rather unusual subfield of economics which is concerned with the theoretical or empirical studies of economic benefits of national or local environmental policies around the world. A part from an in depth overview of conventional environmental policies and strategies, yhis economic branch also looks into alternative policies to deal effectively with problems ranging from air and water pollution to global warming. |
| equimarginal principle environmental economics: Markets and the Environment, Second Edition Nathaniel O. Keohane, Sheila M. Olmstead, 2016-01-05 A clear grasp of economics is essential to understanding why environmental problems arise and how we can address them. ... Now thoroughly revised with updated information on current environmental policy and real-world examples of market-based instruments .... The authors provide a concise yet thorough introduction to the economic theory of environmental policy and natural resource management. They begin with an overview of environmental economics before exploring topics including cost-benefit analysis, market failures and successes, and economic growth and sustainability. Readers of the first edition will notice new analysis of cost estimation as well as specific market instruments, including municipal water pricing and waste disposal. Particular attention is paid to behavioral economics and cap-and-trade programs for carbon.--Publisher's web site. |
| equimarginal principle environmental economics: Ecological Economics, Second Edition Herman E. Daly, Joshua Farley, 2011-01-26 In its first edition, this book helped to define the emerging field of ecological economics. This new edition surveys the field today. It incorporates all of the latest research findings and grounds economic inquiry in a more robust understanding of human needs and behavior. Humans and ecological systems, it argues, are inextricably bound together in complex and long-misunderstood ways. According to ecological economists, conventional economics does not reflect adequately the value of essential factors like clean air and water, species diversity, and social and generational equity. By excluding biophysical and social systems from their analyses, many conventional economists have overlooked problems of the increasing scale of human impacts and the inequitable distribution of resources. This introductory-level textbook is designed specifically to address this significant flaw in economic thought. The book describes a relatively new “transdiscipline” that incorporates insights from the biological, physical, and social sciences. It provides students with a foundation in traditional neoclassical economic thought, but places that foundation within an interdisciplinary framework that embraces the linkages among economic growth, environmental degradation, and social inequity. In doing so, it presents a revolutionary way of viewing the world. The second edition of Ecological Economics provides a clear, readable, and easy-to-understand overview of a field of study that continues to grow in importance. It remains the only stand-alone textbook that offers a complete explanation of theory and practice in the discipline. |
| equimarginal principle environmental economics: Principles of Environmental Economics Ahmed Hussen, 2004-05-05 Can economic growth be environmentally sustainable? This crucial question goes right to the heart of environmental economics and is a matter of increasing concern globally. The first edition of this popular title was the first introductory textbook in environmental economics that truly attempted to integrate economics with not only the environment but also ecology. This new version builds and improves upon the popular formula with new material, new examples, new pedagogical features and new questions for discussion. With international case-studies and examples, this book will prove an excellent choice for introducing both students and other academics to the world of environmental economics. |
| equimarginal principle environmental economics: Environmental Economics Maureen L. Cropper, Wallace E. Oates, 1991 |
| equimarginal principle environmental economics: Environmental Economics: The Essentials Tom Tietenberg, Lynne Lewis, 2019-08-01 Environmental Economics: The Essentials offers a policy-oriented approach to the increasingly influential field of environmental economics that is based upon a solid foundation of economic theory and empirical research. Students will not only leave the course with a firm understanding of environmental economics, but they will also be exposed to a number of case studies showing how underlying economic principles provided the foundation for specific environmental and resource policies. This key text highlights what insights can be derived from the actual experience. Key features include: Extensive coverage of the major issues including climate change, air and water pollution, sustainable development, and environmental justice; Introductions to the theory and method of environmental economics including externalities, experimental and behavioral economics, benefit-cost analysis, and methods for valuing the services provided by the environment; Boxed ‘Examples’ and ‘Debates’ throughout the text which highlight global examples and major talking points. The text is fully supported with end-of-chapter summaries, discussion questions, and self-test exercises in the book, as well as with multiple-choice questions, simulations, references, slides, and an instructor’s manual on the Companion Website. This text is adapted from the best-selling Environmental and Natural Resource Economics, 11th edition, by the same authors. |
| equimarginal principle environmental economics: Environmental Economics Tom Tietenberg, Lynne Lewis, 2024-08-26 Environmental Economics: The Essentials offers a policy-oriented approach to the increasingly influential field of environmental economics that is based on a solid foundation of economic theory and empirical research. Students will not only leave the course with a firm understanding of environmental economics, but they will also be exposed to a number of case studies showing how underlying economic principles provided the foundation for specific environmental and resource policies. This key text highlights what insights can be derived from the actual experience. Key features include: Extensive coverage of the major issues, including climate change, air and water pollution, sustainable development, and environmental justice Introductions to the theory and method of environmental economics, including externalities, experimental and behavioral economics, benefit-cost analysis, and methods for valuing the services provided by the environment Boxed Examples and Debates throughout the text, which highlight global cases and major talking points This second edition provides updated data, new studies, and more international examples. There is a considerable amount of new material, with a deeper focus on climate change. The text is fully supported with end-of-chapter summaries, discussion questions, and self-test exercises in the book, as well as a suite of supplementary digital resources, including multiple-choice questions, simulations, references, slides, and an instructor’s manual. It is adapted from the 12th edition of the best-selling Environmental and Natural Resource Economics textbook by the same authors. |
| equimarginal principle environmental economics: Environmental and Natural Resource Economics Thomas H. Tietenberg, Lynne Lewis, 2018-03-13 Environmental and Natural Resource Economics is the best-selling text for natural resource economics and environmental economics courses, offering a policy-oriented approach and introducing economic theory and empirical work from the field. Students will leave the course with a global perspective of both environmental and natural resource economics and how they interact. Complemented by a number of case studies showing how underlying economic principles provided the foundation for specific environmental and resource policies, this key text highlights what can be learned from the actual experience. This new, 11th edition includes updated data, a number of new studies and brings a more international focus to the subject. Key features include: Extensive coverage of the major issues including climate change, air and water pollution, sustainable development, and environmental justice. Dedicated chapters on a full range of resources including water, land, forests, fisheries, and recyclables. Introductions to the theory and method of environmental economics including externalities, benefit-cost analysis, valuation methods, and ecosystem goods and services. Boxed ‘Examples’ and ‘Debates’ throughout the text which highlight global examples and major talking points. The text is fully supported with end-of-chapter summaries, discussion questions, and self-test exercises in the book and multiple-choice questions, simulations, references, slides, and an instructor’s manual on the Companion Website. |
| equimarginal principle environmental economics: Environmental and Natural Resource Economics Jonathan M. Harris, Brian Roach, 2016-05-05 Harris and Roach present a compact and accessible presentation of the core environmental and resource topics and more, with analytical rigor as well as engaging examples and policy discussions. They take a broad approach to theoretical analysis, using both standard economic and ecological analyses, and developing these both from theoretical and practical points of view. It assumes a background in basic economics, but offers brief review sections on important micro and macroeconomic concepts, as well as appendices with more advanced and technical material. Extensive instructor and student support materials, including PowerPoint slides, data updates, and student exercises are provided. |
| equimarginal principle environmental economics: Environmental Economics: A Simple Introduction K.H. Erickson, Environmental Economics: A Simple Introduction offers an accessible guide to the central theories and methods of environmental economics, with examples, equations, and diagrams to support the analysis. Understand the problem of environmental degradation, and why environmental externalities and market failure cause pollution to spiral out of control. Examine the effectiveness of the polluters pay principle and a range of pollution control instruments, including bargaining, Pigovian taxation, tradable emissions permits, and command and control policy. Compare how each of the methods fare on cost efficiency, dynamic efficiency, equity, and performance under uncertainty. Explore efficient environmental management, and see how renewable natural resources can be harvested efficiently, and how a tragedy of the commons scenario can be avoided. Understand the conditions of the Hotelling rule for optimal extraction of non-renewable natural resources. Look at the stages of cost-benefit analysis and environmental policy valuation, and how the impacts of projects are valued using stated preference, revealed preference, or production function approaches. |
| equimarginal principle environmental economics: Environmental Economics and Policy Lynne Lewis, Thomas Tietenberg, 2019-11-26 Environmental Economics and Policy is a best-selling text for environmental economics courses. Offering a policy-oriented approach, it introduces economic theory, empirical fieldwork, and case studies that show how underlying economic principles provided the foundation for environmental policies. Key features include: Introductions to the theory and method of environmental economics, including externalities, benefit-cost analysis, valuation methods, and ecosystem goods and services. Extensive coverage of the major issues including climate change mitigation and adaptation, air and water pollution, and environmental justice. Boxed Examples and Debates throughout the text, which highlight global examples and major talking points. This text will be of use to undergraduate students of economics. Students will leave the course with a global perspective of how environmental economics has played and can continue to play a role in promoting fair and efficient environmental management. The text is fully supported with end-of-chapter summaries, discussion questions, and self-test exercises in the book. Additional online resources include references, as well as PowerPoint slides for each chapter. |
| equimarginal principle environmental economics: How Much Carbon Pricing is in Countries’ Own Interests? The Critical Role of Co-Benefits Ian W.H. Parry, Mr.Chandara Veung, Mr.Dirk Heine, 2014-09-17 This paper calculates, for the top twenty emitting countries, how much pricing of carbon dioxide (CO2) emissions is in their own national interests due to domestic co-benefits (leaving aside the global climate benefits). On average, nationally efficient prices are substantial, $57.5 per ton of CO2 (for year 2010), reflecting primarily health co-benefits from reduced air pollution at coal plants and, in some cases, reductions in automobile externalities (net of fuel taxes/subsidies). Pricing co-benefits reduces CO2 emissions from the top twenty emitters by 13.5 percent (a 10.8 percent reduction in global emissions). However, co-benefits vary dramatically across countries (e.g., with population exposure to pollution) and differentiated pricing of CO2 emissions therefore yields higher net benefits (by 23 percent) than uniform pricing. Importantly, the efficiency case for pricing carbon’s co-benefits hinges critically on (i) weak prospects for internalizing other externalities through other pricing instruments and (ii) productive use of carbon pricing revenues. |
| equimarginal principle environmental economics: Elements of Ecological Economics Jan Otto Andersson, Ralf Eriksson, 2010-04-05 Suitable for short courses in ecological economics, this book takes as its starting point the notion of the 'global-ethical trilemma': the interrelation between justice, sustainability and prosperity. It introduces to the student different attempts to reconcile these three goals and offers a review of how this can be achieved. |
| equimarginal principle environmental economics: Environmental Economics Fouad Sabry, 2023-12-17 What is Environmental Economics An area of study within the discipline of economics that focuses on environmental concerns is known as environmental economics. Because of the growing concerns about the environment in the twenty-first century, it has become a subject that is researched by a large number of people. Environmental economics research undertakes theoretical or empirical studies of the economic effects of national or local environmental policies around the world. Particular issues include the costs and benefits of alternative environmental policies to deal with air pollution, water quality, toxic substances, solid waste, and global warming. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Environmental economics Chapter 2: Emissions trading Chapter 3: Externality Chapter 4: Market failure Chapter 5: Carbon tax Chapter 6: Index of economics articles Chapter 7: Environmental tax Chapter 8: Pigouvian tax Chapter 9: Free-market environmentalism Chapter 10: Eco-capitalism Chapter 11: Green economy Chapter 12: Contingent valuation Chapter 13: Polluter pays principle Chapter 14: Environmental good Chapter 15: Carbon price Chapter 16: Environmental enterprise Chapter 17: Market-based environmental policy instruments Chapter 18: Payment for ecosystem services Chapter 19: Green accounting Chapter 20: Environmentally honest market system Chapter 21: Pollution haven hypothesis (II) Answering the public top questions about environmental economics. (III) Real world examples for the usage of environmental economics in many fields. (IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of environmental economics. (eBook only). Who will benefit Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of environmental economics. |
| equimarginal principle environmental economics: Greening Industry , 2000 Accompanying CD-ROM contains background and reference material for the text, including the text itself, as well as a slightly modified version of the World Bank's New ideas for pollution regulation (NIPR) web site, current as of 9/29/99. CD-ROM also includes Netscape, Adobe Acrobat, and Real Media audio/video player. |
| equimarginal principle environmental economics: Valuing Environmental and Natural Resources Timothy C. Haab, Kenneth E. McConnell, 2002-01-01 Non-market valuation has become a broadly accepted and widely practiced means of measuring the economic values of the environment and natural resources. In this book, the authors provide a guide to the statistical and econometric practices that economists employ in estimating non-market values. The authors develop the econometric models that underlie the basic methods: contingent valuation, travel cost models, random utility models and hedonic models. They analyze the measurement of non-market values as a procedure with two steps: the estimation of parameters of demand and preference functions and the calculation of benefits from the estimated models. Each of the models is carefully developed from the preference function to the behavioral or response function that researchers observe. The models are then illustrated with datasets that characterize the kinds of data researchers typically deal with. The real world data and clarity of writing in this book will appeal to environmental economists, students, researchers and practitioners in multilateral banks and government agencies. |
| equimarginal principle environmental economics: History of Environmental Economic Thought Erhun Kula, 1998 This volume presents the key ideas of major figures in economics throughout history, covering issues such as population growth, resource scarcity and environmental contamination. |
| equimarginal principle environmental economics: The Economics of Environmental Quality James C. Hite, 1972 |
| equimarginal principle environmental economics: Environmental and Natural Resources Economics Steven C. Hackett, 2001 With over 25% new material, this new edition of Environmental and Natural Resources Economics offers an accessible and balanced treatment of economic theory and policy relating to the environment, as well as a thorough overview of the economics of sustainability. Intended for both students and practioners, the book has been completely updated to include discussion and analysis of the latest U.S. and international environmental policy initiatives -- such as the Kyoto Protocol--and how they affect the global economy. Fully-integrated web source linkages have also been added throughout to enable all readers to make better use of the book's own website and a myriad of other available internet resources for research and supplemental reading on this crucial subject |
| equimarginal principle environmental economics: ENVIRONMENTAL ECONOMICS NARAYAN CHANGDER, 2023-11-26 THE ENVIRONMENTAL ECONOMICS MCQ (MULTIPLE CHOICE QUESTIONS) SERVES AS A VALUABLE RESOURCE FOR INDIVIDUALS AIMING TO DEEPEN THEIR UNDERSTANDING OF VARIOUS COMPETITIVE EXAMS, CLASS TESTS, QUIZ COMPETITIONS, AND SIMILAR ASSESSMENTS. WITH ITS EXTENSIVE COLLECTION OF MCQS, THIS BOOK EMPOWERS YOU TO ASSESS YOUR GRASP OF THE SUBJECT MATTER AND YOUR PROFICIENCY LEVEL. BY ENGAGING WITH THESE MULTIPLE-CHOICE QUESTIONS, YOU CAN IMPROVE YOUR KNOWLEDGE OF THE SUBJECT, IDENTIFY AREAS FOR IMPROVEMENT, AND LAY A SOLID FOUNDATION. DIVE INTO THE ENVIRONMENTAL ECONOMICS MCQ TO EXPAND YOUR ENVIRONMENTAL ECONOMICS KNOWLEDGE AND EXCEL IN QUIZ COMPETITIONS, ACADEMIC STUDIES, OR PROFESSIONAL ENDEAVORS. THE ANSWERS TO THE QUESTIONS ARE PROVIDED AT THE END OF EACH PAGE, MAKING IT EASY FOR PARTICIPANTS TO VERIFY THEIR ANSWERS AND PREPARE EFFECTIVELY. |
| equimarginal principle environmental economics: Life Cycle Assessment in the Built Environment Robert Crawford, 2011-03-10 Life cycle assessment enables the identification of a broad range of potential environmental impacts occurring across the entire life of a product, from its design through to its eventual disposal or reuse. The need for life cycle assessment to inform environmental design within the built environment is critical, due to the complex range of materials and processes required to construct and manage our buildings and infrastructure systems. After outlining the framework for life cycle assessment, this book uses a range of case studies to demonstrate the innovative input-output-based hybrid approach for compiling a life cycle inventory. This approach enables a comprehensive analysis of a broad range of resource requirements and environmental outputs so that the potential environmental impacts of a building or infrastructure system can be ascertained. These case studies cover a range of elements that are part of the built environment, including a residential building, a commercial office building and a wind turbine, as well as individual building components such as a residential-scale photovoltaic system. Comprehensively introducing and demonstrating the uses and benefits of life cycle assessment for built environment projects, this book will show you how to assess the environmental performance of your clients’ projects, to compare design options across their entire life and to identify opportunities for improving environmental performance. |
| equimarginal principle environmental economics: Media Economics Colin Hoskins, Stuart McFadyen, Adam Finn, 2004-06-16 Media Economics: Applying Economics to New and Traditional Media differs from ordinary media economic texts by taking a conceptual approach to economic issues. As the book progresses through economic principles, authors Colin Hoskins, Stuart McFadyen, and Adam Finn use cases and examples to demonstrate how these principles can be used to analyze media issues and problems. Media Economics emphasizes economic concepts that have distinct application within media industries, including corporate media strategies and mergers, public policy within media industries, how industry structure and changing technologies affect the conduct and performance of media industries, and why the United States dominates trade in information and entertainment. |
| equimarginal principle environmental economics: Foundations of Economic Analysis Paul Anthony Samuelson, 1966 |
| equimarginal principle environmental economics: Dictionary of Ecological Economics Brent M. Haddad, Barry D. Solomon, 2023-02-14 This comprehensive Dictionary brings together an extensive range of definitive terms in ecological economics. Assembling contributions from distinguished scholars, it provides an intellectual map to this evolving subject ranging from the practical to the philosophical. |
| equimarginal principle environmental economics: Environmental and Natural Resources Economics Steven Hackett, Sahan T. M. Dissanayake, 2014-12-18 Extensively revised and updated, this popular text presents an accessible yet rigorous treatment of environmental and natural resources economics, including climate change and the economics of sustainability. Completely revised and updated, the fourth edition now includes new figures and tables, definitions to assist the reader, and updated policy information. New advances in the science, economics and policy approaches to climate change have been integrated into essentially all-new chapters on incentive regulation and global climate change. This innovative textbook integrates economics with science and public policy in a balanced and accessible way that will be appreciated by students from disciplines ranging from economics and natural resources management to environmental studies and energy policy. |
| equimarginal principle environmental economics: Environmental and Natural Resource Economics Jonathan M. Harris, Brian Roach, 2017-06-26 Environmental issues are of fundamental importance, and a broad approach to understanding the relationship of the human economy and the natural world is essential. In a rapidly changing policy and scientific context, this new edition of Environmental and Natural Resource Economics reflects an updated perspective on modern environmental topics. Now in its fourth edition, this book includes new material on climate change, the cost-competitiveness of renewable energy, global environmental trends, and sustainable economies. The text provides a balanced treatment of both standard environmental economics and ecological economics, based on the belief that these two approaches are complementary. Several chapters focus on the core concepts of environmental economics, including the theory of externalities, the management of public goods, the allocation of resources across time, environmental valuation, and cost-benefit analysis. Material on ecological economics includes such topics as macroeconomic scale, entropy, and green national accounting. Topical chapters focus on: energy; climate change; water resources; international trade; forests; fisheries; and agriculture, with an emphasis on designing effective policies to promote sustainability and a green economy. Harris and Roach’s premise is that a pluralistic approach is essential to understand the complex nexus between the economy and the environment. This perspective, combined with its emphasis on real-world policies, is particularly appealing to both instructors and students. This is the ideal text for classes on environmental, natural resource, and ecological economics. The book's companion website is available at: http://www.bu.edu/eci/education-materials/textbooks/environmental-and-natural-resource-economics/ |
| equimarginal principle environmental economics: Environmental Economics: A Very Short Introduction Stephen Smith, 2011-09-22 Environmental economics can be controversial, but it is also central to some key policy issues facing governments and society today, including industrial pollution, global warming, and waste/recycling. Stephen Smith looks at how economic activity affects the environment in which we live, and how environmental policies can most effectively be used. |
| equimarginal principle environmental economics: Environmental Economics and Policy Thomas H. Tietenberg, 2001 This book is the premier introductory environmental economics text for non-majors. Key chapters are extracted from the author's longer book, Environmental and Natural Resource Economics, the best-selling text in the field. The result is a compact text that includes a concise introduction to economic theory, as well as a variety of policy-based chapters. Each policy chapter discusses relevant environmental and political background, and then applied the critical economic concepts to real-world examples. By including both basic theory and in-depth, issues-based application, the book is ideal for a wide range of courses in environmental and natural resource economics. |
| equimarginal principle environmental economics: Principles of Environmental Economics and Sustainability Ahmed Hussen, 2018-07-17 Principles of Environmental Economics and Sustainability was the first textbook to make a serious attempt to systematically integrate ecological and economic principles. It successfully introduced ecological perspectives to the study of environmental economics while maintaining the integrity of the standard economic approach. In this new edition this notion continues to be embraced while also offering readers several further features, including greater in-depth coverage of the economics of climate change, expanded reference sections, and an updated and expanded review and discussion questions section. The unique integration of both mainstream and ecological approaches which this textbook provides proves particularly illuminating in relation to the following topics: economics of climate change environmental valuation cost–benefit analysis and the environment sustainability in theory and practice limits to growth the role of technology the business case for environmental sustainability. Written in a clear and accessible way, this key textbook is an excellent resource for all students of environmental economics. With study tools including learning objectives, case studies, and charts and graphs, this volume uses real-world examples to engage both students and academics within the field. This text also accompanied by a Companion Website including resources for both students and instructors. Here you will find student study questions, interactive quizzes, and an instructor manual composed of lecture PowerPoint templates. |
| equimarginal principle environmental economics: Teaching Environmental and Natural Resource Economics Bergstrom, John C., Whitehead, John C., 2022-01-13 Teaching Environmental and Natural Resource Economics is a significant contribution to the literature of economics education. Theory and practice, teaching activities and exercises, and pro teaching tips are clearly and expertly presented. This guide will prove invaluable in helping students gain a better understanding of the theory and practice of environmental and natural resource economics. |
| equimarginal principle environmental economics: The Oxford Handbook of Water Politics and Policy Ken Conca, Erika Weinthal, 2018 This handbook is currently in development, with individual articles publishing online in advance of print publication. At this time, we cannot add information about unpublished articles in this handbook, however the table of contents will continue to grow as additional articles pass through the review process and are added to the site. Please note that the online publication date for this handbook is the date that the first article in the title was published online. For more information, please read the site FAQs. |
| equimarginal principle environmental economics: The Problem of Social Cost R. H. Coase, 2016-10-10 The Problem of Social Cost is an article dealing with economic problem of externalities. It draws from a number of English legal cases and statutes to illustrate Coase's belief that legal rules are only justified by reference to a cost-benefit analysis, and that nuisances that are often regarded as being the fault of one party are more symmetric conflicts between the interests of the two parties. |
| equimarginal principle environmental economics: Economics and Economic Systems Britannica Educational Publishing, 2012-12-01 Although individuals and countries, for centuries, have exchanged goods and services for money, the formal field of economicsthe study of wealth and how it is produced and distributedis relatively young. Since Adam Smiths pioneering work in the 18th century, economics has developed a great deal, and with it, so has our understanding of market systems, such as capitalism and centrally planned systems. A detailed explanation of the scope of economics, historical development, and the strengths and weaknesses of various economic systems is provided. |
| equimarginal principle environmental economics: Modern Political Economics Yanis Varoufakis, Joseph Halevi, Nicholas Theocarakis, 2012-03-29 Once in a while the world astonishes itself. Anxious incredulity replaces intellectual torpor and a puzzled public strains its antennae in every possible direction, desperately seeking explanations for the causes and nature of what just hit it. 2008 was such a moment. Not only did the financial system collapse, and send the real economy into a tailspin, but it also revealed the great gulf separating economics from a very real capitalism. Modern Political Economics has a single aim: To help readers make sense of how 2008 came about and what the post-2008 world has in store. The book is divided into two parts. The first part delves into every major economic theory, from Aristotle to the present, with a determination to discover clues of what went wrong in 2008. The main finding is that all economic theory is inherently flawed. Any system of ideas whose purpose is to describe capitalism in mathematical or engineering terms leads to inevitable logical inconsistency; an inherent error that stands between us and a decent grasp of capitalist reality. The only scientific truth about capitalism is its radical indeterminacy, a condition which makes it impossible to use science's tools (e.g. calculus and statistics) to second-guess it. The second part casts an attentive eye on the post-war era; on the breeding ground of the Crash of 2008. It distinguishes between two major post-war phases: The Global Plan (1947-1971) and the Global Minotaur (1971-2008). This dynamic new book delves into every major economic theory and maps out meticulously the trajectory that global capitalism followed from post-war almost centrally planned stability, to designed disintegration in the 1970s, to an intentional magnification of unsustainable imbalances in the 1980s and, finally, to the most spectacular privatisation of money in the 1990s and beyond. Modern Political Economics is essential reading for Economics students and anyone seeking a better understanding of the 2008 economic crash. |
| equimarginal principle environmental economics: Encyclopedia of Energy, Natural Resource, and Environmental Economics , 2013-03-29 Every decision about energy involves its price and cost. The price of gasoline and the cost of buying from foreign producers; the price of nuclear and hydroelectricity and the costs to our ecosystems; the price of electricity from coal-fired plants and the cost to the atmosphere. Giving life to inventions, lifestyle changes, geopolitical shifts, and things in-between, energy economics is of high interest to Academia, Corporations and Governments. For economists, energy economics is one of three subdisciplines which, taken together, compose an economic approach to the exploitation and preservation of natural resources: energy economics, which focuses on energy-related subjects such as renewable energy, hydropower, nuclear power, and the political economy of energy resource economics, which covers subjects in land and water use, such as mining, fisheries, agriculture, and forests environmental economics, which takes a broader view of natural resources through economic concepts such as risk, valuation, regulation, and distribution Although the three are closely related, they are not often presented as an integrated whole. This Encyclopedia has done just that by unifying these fields into a high-quality and unique overview. The only reference work that codifies the relationships among the three subdisciplines: energy economics, resource economics and environmental economics. Understanding these relationships just became simpler! Nobel Prize Winning Editor-in-Chief (joint recipient 2007 Peace Prize), Jason Shogren, has demonstrated excellent team work again, by coordinating and steering his Editorial Board to produce a cohesive work that guides the user seamlessly through the diverse topics This work contains in equal parts information from and about business, academic, and government perspectives and is intended to serve as a tool for unifying and systematizing research and analysis in business, universities, and government |
| equimarginal principle environmental economics: Environmental and Natural Resource Economics Kentaka Aruga, 2022-02-07 This textbook discusses environmental and natural resource economics. It presents foundational knowledge for applying economics to understand environmental economics as well as for managing environmental problems and optimizing the level of natural resource extraction. Environmental and Natural Resource Economics bridges knowledge between the major natural environmental issues and which economic policies could be applied for reducing human impacts on such issues. It is distinctive from other environmental economics textbooks by covering not only basic concepts introduced in environmental economics but also explains economic models developed in resource economics for optimizing the use of non-renewable and renewable resources for sustainability. This textbook will help students understand how to apply economics for utilizing policies to mitigate environmental issues caused from the output side of economic activities such as emitting pollutants or generating wastes and those derived from the input side such as natural resource extractions. |
| equimarginal principle environmental economics: Preference Data for Environmental Valuation John Whitehead, Tim Haab, Ju-Chin Huang, 2012-03-15 The monetary valuation of environmental goods and services has evolved from a fringe field of study in the late 1970s and early 1980s to a primary focus of environmental economists over the past decade. Despite its rapid growth, practitioners of valuation techniques often find themselves defending their practices to both users of the results of applied studies and, perhaps more troubling, to other practitioners. One of the more heated threads of this internal debate over valuation techniques revolves around the types of data to use in performing a valuation study. In the infant years of the development of valuation techniques, two schools of thought emerged: the revealed preference school and the stated preference school, the latter of which is perhaps most associated with the contingent valuation method. In the midst of this debate an exciting new approach to non-market valuation was developed in the 1990s: a combination and joint estimation of revealed preference and stated preference data. There are two primary objectives for this book. One objective is to fill a gap in the nonmarket valuation primer literature. A number of books have appeared over the past decade that develop the theory and methods of nonmarket valuation but each takes an individual nonmarket valuation method approach. This book considers each of these valuation methods in combination with another method. These relationships can be exploited econometrically to obtain more valid and reliable estimates of willingness-to-pay relative to the individual methods. The second objective is to showcase recent and novel applications of data combination and joint estimation via a set of original, state-of-the-art studies that are contributed by leading researchers in the field. This book will be accessible to economists and consultants working in business or government, as well as an invaluable resource for researchers and students alike. |
| equimarginal principle environmental economics: The Economics of Renewable Energy Roger Fouquet, 2018 This major reference work brings together for the first time key articles on the economics of renewable energy. From a modest role as a backstop technology in the 1970s to a central role in low carbon transitions today, this collection reveals the emergence and growing importance of this sub-field of economics. Topics covered in this timely volume include the costs of renewable power (taking account of issues related to technological development, intermittency and interconnection), policies that promote renewable energy development, its public and private demand, and its impact on the environment and the economy. This indispensable collection is complemented by a comprehensive introduction that will serve as an essential source of reference for students and researchers. |
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CONTENTS
11.3.3 Standards and the equimarginal principle 53 11.4 Standards and incentives 53 11.5 The economics of enforcement 53 Economics in action revisited 55 ... of Environmental …
I. Introduction and Motivation - Rutgers University
conditional cost-effectiveness benchmark, however, deviates from a great body of environmental economics literature directed toward identifying the socially optimal level of pollution (or …
Law of Equi-Marginal Utility (Consumer’s Equilibrium in case of …
The above principle can also be illustrated in terms of a figure. We have drawn marginal utility curves for goods X and Y in Fig 2.12(a) and (b). Marginal utility per rupee spent on good X = …
ESU 305 ENVIRONMENTAL ECONOMICS - ir.mksu.ac.ke
ESU 305: ENVIRONMENTAL ECONOMICS DATE: 2/8/2017 TIME: 8:30 – 10:30 AM INSTRUCTIONS: Answer Question One and Any Other Two Questions QUESTION ONE …
Second Challenge: Solutions Environmental Economics: ECO …
Environmental Economics: ECO 345 Fall 2011 Question 1(9points) A small change in emissions resulting in large damages via a threshold implies marginal ... c. Pigouvian taxes and …
UNIT 7 LAW OF DIMINISHING MARGINAL UTILITY AND …
and Equimarginal Utility 159 UNIT 7 LAW OF DIMINISHING MARGINAL UTILITY AND EQUIMARGINAL UTILITY Structure 7.0 Objectives 7.1 Introduction 7.2 Utility 7.3 Total Utility, …
A COURSE IN ENVIRONMENTAL ECONOMICS - Cambridge …
978-0-521-17869-3 — A Course in Environmental Economics: Theory, Policy, and Practice Daniel J. Phaneuf , Till Requate Frontmatter ... 3.2.4 Comments on the Polluter Pays Principle 41 3.3 …
Download Equi Marginal Principle Free
The Equi-Marginal Principle - The Equi-Marginal Principle 6 minutes, 13 seconds - We come to a decision on that by using this equation the equ marginal principle, so consumer utility or …
Successive equimarginal approach for optimal design of a …
resources requires that the equimarginal principle, a fundamental economic principle, must hold. The proposed method is named successive equimarginal approach (SEA), which continuously …
Markets and the - Springer
environmental economics? Economics and the Environment “environmental economics” may seem like a contradiction in terms. some people think that economics is just about money, that …
Environmental An Introduction Seventh Edition Barry C. Field
Environmental Economics An Introduction Seventh Edition Barry C. Field Department of Resource Economics ... The Equimarginal Principle 55 Marginal Cost and Supply 56 Summary 58 …
University of New Hampshire Scholars' Repository
Part of the Economics Commons, and the Environmental Studies Commons Recommended Citation Meyer, William H., "A New Approach to Climate Change: A Consideration of Ancillary …
Towards an Economics of Irrigation Networks - hawaii.edu
Towards an Economics of Irrigation Networks Karl Jandocy, Ruben Juarez z, and James Roumasset x May 2014 Abstract Both the economics and the engineering of irrigation design …
Lectures 3—4: Consumer Theory - MIT OpenCourseWare
Consumer Theory. Consumer theory studies how rational consumer chooses what bundle of goods to consume. Special case of general theory of choice.
UNIT 5 COMMAND AND CONTROL POLICY APPROACH
5.3.1 Types of Environmental Standards 5.3.2 CAC Approach and Equi-Marginal Principle 5.4 Economics of Enforcement of the CAC Approach 5.4.1 Advantages and Disadvantages of the …
Public Goods Provision in the Presence of Heterogeneous …
saving technologies and/or provision of environmental quality. I Saphores et. al. (2007) nd 35% of people WTP premium for energy e cient computer; 8% WTP premium over 10%. ...
Econ 436 Review #1 I. Introduction
What is the connection between natural resource economics and environmental economics, and how does that connection suggest ways to reduce pollution? C. What are the four distinctions …
cdn-wl-assets.classplus.co
vii About the Authors Barry C. Field is Professor Emeritus of Resource Economics at the Uni-versity of Massachusetts Amherst. Previously he taught at the University of Miami and T
Unit 5 Intro CBA_rev - Carleton College
Unit 5 Intro to CBA 1 Unit 5: Introduction to Cost-Benefit Analysis of Carbon Emissions Abatement The far-reaching impacts (harms or damages in economic terms) of climate change will be …
Chapter 1 What is Environmental Economics? - Simon Fraser …
environmental regulations – Basis: clause that banned the discharge of ... set of emission controls satisfying the equimarginal principle were $1.6 million for 2ppm, $7.0 million for 3-4 ppm DO – …
Dr. Anjali Prasad Department of Economics TPS College, Patna
Department of Economics TPS College, Patna Topic:-Law of Equi-marginal utility. Class:-BA Part 1 Hons. Law of Equi-marginal Utility The Law of equi-marginal Utility is another fundamental …
Hill. principle - Springer
The Economics and Sociology of Capitalism, ed. R. Swedberg. Princeton, NJ: Princeton University Press. Schumpeter, J. 1942. Capitalism, Socialism and Democracy. ... the …
ECS 2606 Possible Examination Questions environmental
Explain the difference between neoclassical environmental economics, resource economics and ecological economics. [10] 2. Differentiate between environmental, economic and ... Use a …
University at Buffalo, The State University of New York Fall …
1. Describe how the basic language, tools, and arguments of economics – including concepts such as efficiency, willingness-to-pay, market failures, externalities, public goods/free-riding, …
Written College level 15th Exam-2018
ordinal utility. Law of diminishing marginal utility. Equimarginal principle and derivation of demand curves. 4. Theory of production: Production function. Fixed Vs. variable factors of production. …
dr.lib.iastate.edu
Optimal environmental border adjustments under the General Agreement on Tariffs and Trade. Edward J. Balistreri, Daniel T. Kaffine, Hidemichi Yonezawa. Working Paper 19-WP 591 Jun
1977 2002 P
With the underlying 'equimarginal principle' of the com-mand-and-control approach, the different polluters, regard-less of size or performance, will have to pay the same ... Environmental …
Course Syllabus - personal.utdallas.edu
Environmental Economics Spring 2008, MW 2:30-3:45 Room: SOM 2.107 Professor Contact Information Prof. Kevin Siqueira Office: GR 2.537 ... environmental quality, the equimarginal …
Course Syllabus - dox.utdallas.edu
Environmental Economics Fall 2017, MW 1:00-2:15 Room: CB1.222 Professor Contact Information Prof. Kevin Siqueira Office: GR 2.537 ... environmental quality, the equimarginal principle, cost …
EFFICIENCY AND MARKETS PASTURE 1: CONSUMERS - MIT …
1. MRT needs to be equal for all producers: equimarginal principle a. Why this is not trivial: guaranteed by prices for market goods. But command and control regulation doesn’t require …
সপ্তদশ শশষক শিবন্ধি পরষা২০২০
ordinal utility. Law of diminishing marginal utility. Equimarginal principle and derivation of demand curves. 4. Theory of production: Production function. Fixed Vs. variable factors of production. …
Energy Resources, Economics and Environment
Equimarginal principle •Marginal rate of transformation between pollution and the good should be the ... Environmental Economics, second edition, Oxford University Press (2011). •Webb, The …
Econ 357, Fall 2006 notes 9. Overview of Regulation and Basic ...
• Equimarginal principle is violated – See tables 8.1 and 8.2 of Kolstad 9.3.5 Uniformity of Standards For efficiency we require that the MAC be equal for all firms (equimarginal …
14.42 Lecture 5 slides: Regulation and Pigouvian taxes
14.42 Class Notes: 2-17-2011 •Problem Set 1 due Friday •Then: •No class Tuesday (MIT has a Monday Schedule) •Next Thursday: Coase and Cap-and-Trade •March 1: Topics in Cap-and …
Course Syllabus - personal.utdallas.edu
Environmental Economics Fall 2013, MW 1:00-2:15 Room: GR 3.606 Professor Contact Information Prof. Kevin Siqueira Office: GR 2.537 ... environmental quality, the equimarginal …
Econ 436 Review #1 I. Introduction
7. What is the with/without principle? 8. Why do government regulations often have higher costs than necessary (refer to the equimarginal principle)? D. How might environmental laws affect …
PASTURE 1: REGULATING RISK WITH LIABILITY - MIT …
Abatement cost heterogeneity Equimarginal Principle Emissions costly to observe No No Yes Tech standard, e.g. cars Property rights difficult to enforce No David Victor/Kyoto Each site …
Subject ECONOMICS Paper No and Title 15: Environmental …
Paper 15: Environmental Economics Module 13: Mixed Instruments: Charges and Standards Approach 1. Learning Outcomes ... This brings us to the equimarginal principle which states …
