Many environmental damages are caused by substances which come into existence asundesired joint outputs in the production of desired goods. Whether an output isdesired or not, however, is not an inherent property of the substance itself butdepends on the context of production. This book studies...

This groundbreaking book takes a fresh look at how environmental problems emerge from economic activity and how they may be addressed in a responsible and sustainable manner. At its centre is the concept of joint production. This captures the phenomenon whereby several effects necessarily emerge...

Real production systems are often vertically integrated in thesense that one production process uses the unwanted joint product of another production process as input.This interrelationship links in a non-obvious way the different negative externalities stemming from theproduction processes. An...