Over the last two decades economic analysis has begun to offer
increasingly sophisticated and useful insights about environmental
problems. Recent innovations have enlarged the range of economic
policy instruments and transformed the roles of the various
implementation and enforcement institutions. This collection
includes 18 essays on economics and environmental policy written
over a 20-year period. This volume includes papers on the
integration of economic incentives into pollution control which
cover theoretical work and empirical studies as well as overviews
of emission trading and emission charges. Later papers concentrate
on the judicial role in environmental policy (including the
perverse incentives created by specific legal doctrines) and
environmental enforcement, which deals with issues such as creative
penalty structures and the empowerment of nongovernmental
organizations. The final papers deal with sustainable development
and in particular the role of poverty, the need for technology and
capital transfers, and pricing of depletable resources. The essays
in this collection address not only theoretical and practical
matters associated with environmental policy, but also design and
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