Environmental Economics

Benefit-Cost Analysis for Environmentalists describes, in a non-technical, readily understandable way, why the practice of benefit-cost analysis in environmental settings is heavily biased against the environment. The book provides environmentalists with the tools necessary to show policy-makers that pursuing many policies with apparent costs greater than benefits are, in fact, welfare-enhancing.

ISBN	0742546993	Pages	192
ISBN13	9780742546998 (What's this?)	Volumes	1
Publisher	Rowman & Littlefield	Weight (grammes)	304
Imprint	Rowman & Littlefield	Published in	Lanham, MD
Format	Paperback	Height (mm)	229
Publication date	28 Feb 2007	Width (mm)	152
Library of Congress	2006100583	Spine width (mm)	14
DEWEY	333.7	Academic level	General
DEWEY edition	DC22

Pt. I	Economics background - why economists like benefit-cost analysis	1
1	Introductory matters of logic and philosophy	5
2	Why economists like market outcomes for ordinary goods	17
3	Benefit-cost analysis when information is "perfect" : the role of time in environmental economic decisions	37
Pt. II	"Missing markets" : externalities, public goods, and property rights	53
4	Externalities as missing markets	57
5	Public goods as missing markets	65
6	Property rights as a potential solution to environmental problems	75
Pt. III	Important theoretical problems with implementing benefit-cost analysis	87
7	The well-known "demand revelation" problem out of a given income	89
8	A less-well-known "supply revelation" problem	93
Pt. IV	Practical problems with the implementation of benefit-cost analysis	107
9	Approaches to estimating the costs of environmental control policies	109
10	Overview of approaches to the valuation of benefits of environmental policies	123
11	Voting as a way to confer environmental benefits	131
12	Constructed markets : stated preferences and experiments to infer environmental benefits	139
13	The sum-of-specific-damages approach	143
14	Hedonic methods of valuing environmental amenities	149
15	Travel cost method of valuing environmental amenities	167
16	Political and jurisdictional problems	173
Pt. V	Epilogue	181

Graves' economics book takes a critical look at the benefit-cost analysis of environmental issues. This well-written, teaching-style book has excellent coverage of the applicable theory and methodology, and serves as a good primer for advanced undergraduates and practitioners with some economics background.--Simons, Robert A. Ph.D

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A Benefit-cost Analysis Approach

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