Visions of the future -- The economic approach : property rights, externalities, and environmental problems -- Evaluating trade-offs : benefit-cost analysis and other decision-making metrics -- Valuing the environment : methods -- Economics of pollution control : an overview -- Stationary-source...

The book interprets nature and the environment as a scarce resource. It offers a theoretical study of the allocation problem and describes different policy approaches to the environmental problem. The entire spectrum of the allocation issue is studied: the use of the environment in a static...

Preface -- Visions of the future -- The economic approach : property rights, externalities, and environmental problems -- Evaluating trade-offs : benefit-cost analysis and other decision-making metrics -- Valuing the environment : methods -- Dynamic efficiency and sustainable development --...