Environmental Economics Theory and Policy Design (Second Edition)

Author: Baumol (USA), Oates (USA), translated by Yan Xuyang
Publisher:
Publish Date: 2003-06-01
Features: Baumol and Oates provide a rigorous and comprehensive analysis of the economic theory of environmental policy, including the theory of externalities and its application in environmental design. The authors have retained the basic structure and organization of the book, which has become a reference standard. In this new edition, they have expanded and updated the analysis to accommodate recent research findings in environmental economics. It is particularly important that they have introduced two new chapters to explore tradable emission permits, a policy tool that has been both entirely new and promising in theory and practice since the publication of the previous edition. Focusing on the previous edition's emphasis on pollution fees as a price tool, this edition proposes a more balanced "price-quantity" tool for environmental management. The new edition also includes a new chapter to discuss "environmental federalism," which examines the respective roles of the federal government and state and local governments in environmental decision-making.