The Theory Of Environmental Policy by William J. BaumolThe Theory Of Environmental Policy by William J. Baumol

The Theory Of Environmental Policy

byWilliam J. Baumol, Wallace E. Oates

Paperback | February 26, 1988

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In this book, Professors Baumol and Oates provide a rigorous and comprehensive analysis of the economic theory of environmental policy. They present a formal, theoretical treatment of those factors infuencing the quality of life. By covering both the theory of externalities and its application to environmental policy, the authors have retained the basic structure and organization of the first edition, which has become a standard reference in the field. In this edition, however, they have updated their analysis to incorporate recent research in enviromental economics.
William Jack Baumol was born in the South Bronx, New York on February 22, 1922. He served in the Army during World War II and got a job at the Agriculture Department, where he worked on allocating grain supplies to starving countries. He graduated from City College and enrolled in the London School of Economics in 1947, after initially...
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Title:The Theory Of Environmental PolicyFormat:PaperbackDimensions:312 pages, 8.98 × 5.98 × 0.71 inPublished:February 26, 1988Publisher:Cambridge University Press

The following ISBNs are associated with this title:

ISBN - 10:0521311128

ISBN - 13:9780521311120

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Table of Contents

Preface to the second edition; Preface to the first edition; 1. Introduction: economic and environmental policy; Part I. On The Theory of Externalities: 2. Relevance and the theory of externalities; 3. Externalities: definition, significant types, and optimal-pricing conditions; 4. Externalities: formal analysis; 5. Uncertainty and the choice of policy instruments: price or quantity controls?; 6. Market imperfections and the number of participants; 7. Are competitive outputs with detrimental externalities necessarily excessive?; 8. Detrimental externalities and nonconvexities in the production set; 9. On optimal pricing of exhaustible resources; Part II. On The Design of Environmental Policy: 10. Introduction to Part II; 11. Efficiency without optimality: the charges and standards approach; 12. Marketable emission permits for protection of the environment; 13. Stochastic influences, direct controls, and taxes; 14. Taxes versus subsidies: a partial analysis; 15. Environmental protection and the distribution of income; 16. International environmental issues; 17. national or local standards for environmental quality?; Index.