Environmental Property Economics

Author: Lan Hong
Publisher:
Publish Date: 2005-04-01
Features: In the field of environmental economics, many scholars believe that there is a strong externality in the market allocation of environmental resources, which leads to market failure and thus requires government intervention. However, the fundamental reason for market failure in environmental resource allocation is the irrational property rights structure of environmental resources, which causes a severe deviation between the market price and the relative price of environmental resources. Therefore, the key to solving environmental problems lies in optimizing the property rights structure of environmental resources and correcting price distortions. The innovation of this book is to propose how to address market failure in the market allocation of environmental resources through clarifying property rights in a market-based manner, and to comprehensively construct the theoretical framework of environmental property rights economics. This book is the first comprehensive work in China to discuss environmental property rights economics and is an extension of traditional environmental economics. As one of the "Environmental Economics and Policy Series" from Renmin University of China, the publication of this book not only contributes to the innovation and improvement of the theoretical system of environmental economics but also provides new insights for governments in formulating environmental economic policies. This book is suitable for economics and environmental economics teachers and students as teaching and reference materials, as well as for government and corporate environmental management personnel as references for formulating, designing, and implementing environmental policies.