In recent years, the number of publications that analyze the formation and stability of international environmental agreements (IEAs) using the method of game theory has sharply increased. This paper reports on some recent results that shall demonstrate the usefulness but also the limitation of...

This paper highlights the relationships between environmental policy and the structure of the environmental goods and services industry. It first provides a short history of the latter sector and briefly describes its main segments and economic trends. The impact of particular policy...

Biofuels are increasingly regarded as energy sources with the potential to solve diverse problems related to serious concerns, including climate change, environmental degradation, energy supply, and energy security. Here we examine biofuels, primarily biofuels used for transportation (e.g.,...

Multifunctionality is a multifaceted concept and the economic literature that treats the concept has mushroomed over the last couple of years. This paper surveys that literature. With respect to quantification of multifunctional production, it is concluded that jointness in production is at the...

In this review we discuss the economic implications of spatial-dynamic processes operating at various scales in coupled human and natural systems where the coupling is through the harvest of a renewable resource. Before introducing the spatial aspects, we first summarize in Section 2 the...

The importance of ecosystem services to human welfare and economic livelihoods in low-income countries is now well recognized. Poor people in developing regions are particularly vulnerable to the deteriorating ecological values resulting from the loss of tropical forests, coral reefs, mangroves,...

The world petroleum complex has been on a treadmill, struggling to add increments of new production to keep pace with growing demand and depletion. If the oil price shock of 1979–1981 is considered an aberration due to panic inventory building, recent real oil prices are at levels not seen...

We describe important institutions that shape climate change policies together with a set of key market-reliant instruments. We selectively review the related economic literature, emphasizing empirical studies that assess the efficacy of current policies and the workings of policy-dependent...

Textbook pollution permit trading markets are appealing due to simple market designs and their ability to solve allocation problems without firm-specific information. Neither of these features is true for water quality markets, which may explain why emerging programs in this area have with few...

Contrary to the popular notion that the advancing frontier of urban development has been swallowing and destroying natural ecosystems we present evidence that the sprawl of cities creates ample open space in peri-urban areas. Traditional view of city–nature dichotomy and clear spatial...