Overview
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Table of contents (15 chapters)
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Front Matter
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Introduction
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Front Matter
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Static Allocation Aspect
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Front Matter
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Environmental-Policy Instruments
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Front Matter
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Environmental Allocation in Space
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Front Matter
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Environmental Allocation in Time and under Uncertainty
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Front Matter
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Keywords
About this book
"The IIlbor of nature is paid, not because she does little. In proportion as she becomes niggardly in her gifts, she exacts a greater price for her work. Where she is munificently benefi cient, she always works gratis. " David Ricardo * This book interprets nature and the environment as a scarce resource. Whereas in the past people lived in a paradise of environmental superabundance, at present environmental goods and services are no longer in ample supply. The environ ment fulfIlls many functions for the economy: it serves as a public-consumption good, as a provider of natural resources, and as receptacle of wastes. These dif ferent functions compete with each other. Releasing more pollutants into the environment reduces environmental quality, and a better environmental quality implies that the environment's use as a receptacle of wastes has to be restrained. Consequently, environmental disruption and environmental use are by nature allocation problems. This is the basic message of this book. If a resources is scarce and if a zero price is charged for its use, then misal location will result. The environment as a receptacle of wastes is heavily over used, and consequently environmental quality declines. Scarcity requires a price. This book analyzes how this price should be set, whether a correct price can be established through the market mechanism, and what role the government should play. The book offers a theoretical study of the allocation problem and describes different policy approaches to the environmental problem.
Authors and Affiliations
Bibliographic Information
Book Title: Economics of the Environment
Book Subtitle: Theory and Policy
Authors: Horst Siebert
DOI: https://doi.org/10.1007/978-3-662-02842-1
Publisher: Springer Berlin, Heidelberg
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eBook Packages: Springer Book Archive
Copyright Information: Springer-Verlag Berlin Heidelberg 1992
eBook ISBN: 978-3-662-02842-1Published: 27 November 2013
Edition Number: 3
Number of Pages: XIV, 295
Topics: Environmental Economics