The relationship between economic growth and the environment is
at the forefront of public attention and poses serious challenges
for policymakers around the world. Economic Analysis of
Environmental Policy, a textbook for advanced undergraduate and
graduate courses, provides a rigorous and thorough explanation of
modern environmental economics, applying this exposition to
contemporary issues and policy analysis.
Opening with a discussion of contemporary pollution problems,
institutional players and the main policy instruments at our
disposal, Ross McKitrick develops core theories of environmental
valuation and optimal control of pollution. Chapters that follow
cover issues like tradable permits, regulatory standards, emission
taxes, and polluter liability as well as advanced topics like trade
and the environment, sustainability, risk, inequality, and
self-monitoring. Throughout, McKitrick uses clear, intuitive, and
coherent analytical tools, so that students, academics, and
practitioners can develop their policy analysis skills while
comprehending the debates and challenges at the frontier of this
exciting and rapidly-developing field.
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