A Course in Environmental Economics

This graduate text provides a compelling narrative of current environmental economics that integrates theory, policy, and empirical topics.

This unique graduate textbook offers a compelling narrative of the growing field of environmental economics that integrates theory, policy, and empirical topics. Daniel J. Phaneuf and Till Requate present both traditional and emerging perspectives, incorporating cutting-edge research in a way that allows students to easily identify connections and common themes. Their comprehensive approach gives instructors the flexibility to cover a range of topics, including important issues - such as tax interaction, environmental liability rules, modern treatments of incomplete information, technology adoption and innovation, and international environmental problems - that are not discussed in other graduate-levels texts. Numerous data-based examples and end-of-chapter exercises show students how theoretical and applied research findings are complementary, and will enable them to develop skills and interests in all areas of the field. Additional data sets and exercises can be accessed online, providing ample opportunity for practice. For more information, visit the book's website at http://phaneuf-requate.com/.

Advance praise: ´At last, here is a graduate text that covers the theory underlying environmental regulation and the valuation of environmental benefits, which also includes up-to-date empirical methods. It is a resource that should be widely used by the profession!´ Maureen Cropper, University of Maryland, College Park

Autorentext
Daniel J. Phaneuf is Professor of Agricultural and Applied Economics at the University of Wisconsin, Madison. He has been Managing Editor of the Journal of Environmental Economics and Management, and is currently Editor in Chief of the Journal of the Association of Environmental and Resource Economists. He is a member of the US Environmental Protection Agency Science Advisory Board and also serves on the board of directors for the Association of Environmental and Resource Economists. His many research articles have appeared in top field and general economics outlets, and he has won awards for his graduate and undergraduate teaching in environmental economics and econometrics. Till Requate is Professor for Economic Policy at Christian-Albrechts Universität zu Kiel, Germany. He was previously Professor for Environmental Economics and Director of the Interdisciplinary Institute of Environmental Economics at Universität Heidelberg. He is currently Managing Editor of the Journal of Environmental Economics and Management and Associate Editor of Resource and Energy Economics, and was Chairman of the German Association of Environmental and Resource Economists. He won the European Association of Environmental and Resource Economics' Erik Kempe Award for the best paper in 2004 and the German Society of Health Economics' best paper award in 2013. His research articles have appeared in top field and general economics outlets.

Zusammenfassung
This unique graduate textbook draws on the latest international research to present a compelling narrative of environmental economics that integrates theory, policy, and empirical topics. It includes both traditional and emerging perspectives, and provides students with numerous data-based examples and exercises to develop their skills.

Inhalt
Part I. Economics and the Environment: 1. Environmental economics and the theory of externalities; 2. Environmental problems and policy issues; 3. Introduction to the theory of environmental policy; Part II. The Design of Environmental Policy: 4. Imperfect information; 5. Competitive output markets; 6. Non-competitive output markets; 7. Environmental policy with pre-existing distortions; 8. Institutional topics in cap and trade programs; 9. Ambient pollution control; 10. Liability; 11. Innovation and adoption of new technology; 12. International environmental problems; 13. Accumulating pollutants; Part III. Valuing the Environment: 14. Theory of applied welfare analysis; 15. Revealed preference models; 16. Discrete choice models; 17. Recreation; 18. Property value models; 19. Stated preference methods; 20. Health valuation; Part IV. The Practice of Environmental Economics: 21. Cost-benefit analysis: modeling; 22. Cost-benefit analysis: empirical; 23. Final thoughts.