Environmental Economics, 2024 Release 1 © McGraw Hill LLC. All rights reserved. No reproduction or distribution without the prior written consent of McGraw Hill LLC. Table of Contents Preface ............................................................................................................................ 2 Section I. Introduction Chapter 1. What Is Environmental Economics?.............................................................. 4 Chapter 2. The Economy and the Environment............................................................... 6 Section II. Analytical Tools Chapter 3. Benefits and Costs, Supply and Demand ....................................................... 9 Chapter 4. Markets, Externalities, and Public Goods...................................................... 15 Chapter 5. The Economics of Environmental Quality..................................................... 19 Section III. Environmental Analysis Chapter 6. Frameworks of Analysis.................................................................................. 24 Chapter 7. Benefit–Cost Analysis: Benefits...................................................................... 28 Chapter 8. Benefit–Cost Analysis: Costs.......................................................................... 34 Section IV. Environmental Policy Analysis Chapter 9. Criteria for Evaluating Environmental Policies............................................... 37 Chapter 10. Decentralized Policies: Liability Laws, Property Rights, Voluntary Action... 41 Chapter 11. Command-and-Control Strategies: The Case of Standards............................. 47 Chapter 12. Incentive-Based Strategies: Environmental Charges and Subsidies ............... 53 Chapter 13. Incentive-Based Strategies: Market Trading Systems..................................... 57 Section V. Environmental Policy in the United States Chapter 14. Federal Water Pollution-Control Policy .......................................................... 62 Chapter 15. Federal Air Pollution-Control Policy............................................................... 67 Chapter 16. Federal Policy on Toxic and Hazardous Substances....................................... 71 Chapter 17. State and Local Environmental Issues............................................................. 75 Section VI. Global Environmental Issues Chapter 18. Global Climate Change.................................................................................... 78 Chapter 19. International Environmental Agreements........................................................ 82 Chapter 20. Globalization ................................................................................................... 85 Chapter 21. Economic Development and the Environment ................................................ 88