SECTION ONE
Introduction

1 What Is Environmental Economics?
2 The Economy and the Environment

SECTION TWO
Analytical Tools

3 Benefits and Costs, Supply and Demand
4 Economic Efficiency and Markets
5 The Economics of Environmental Quality

SECTION THREE
Environmental Analysis

6 Frameworks of Analysis
7 Benefit-Cost Analysis: Benefits
8 Benefit-Cost Analysis: Costs

SECTION FOUR
Environmental Policy Analysis

9 Criteria for Evaluating Environmental Policies
10 Decentralized Policies: Liability Laws, Property Rights, Voluntary Action
11 Command-and-Control Strategies: The Case of Standards
12 Incentive-Based Strategies: Emission Charges and Subsidies
13 Incentive-Based Strategies: Transferable Discharge Permits

SECTION FIVE
Environmental Policy in the United States

14 Federal Water Pollution–Control Policy
15 Federal Air Pollution Control Policy
16 Federal Policy on Toxic and Hazardous Substances
17 State and Local Environmental Issues

SECTION SIX
International Environmental Issues

18 Comparative Environmental Policies
19 Economic Development and the Environment
20 The Global Environment
21 International Environmental Agreements

APPENDIX

Abbreviations and Acronyms Used in the Book

NAME INDEX

SUBJECT INDEX