Wiesmeth H. Environmental Economics: Theory and Policy in Equilibrium

Springer, 2012. — 328 p. — ISBN: 9783642245138Environmental theory is based on equilibrium analysis.
Environmental policy follows from theoretical considerations.
Includes integrated approaches to environmental policy.
Includes a multitude of practical examples from various parts of the world.
Includes an analysis of the international climate negotiations.This text provides an analysis and investigation of the most essential areas of environmental theory and policy, including international environmental problems. The approach is based on standard theoretical tools, in particular equilibrium analysis, and aims to demonstrate how economic principles can help to understand environmental issues and guide policymakers. Current topics including climate change, overfishing and integrated approaches to environmental policies are carefully analyzed in this framework, and a multitude of practical examples from various parts of the world is presented.Ecology and Economy: Unequal Partners?
Environmental Economics
Why is Theory Needed for Environmental Policy?
Survey of the BookThe Environmental Movement
Differing Views on the Environment
The Europeans and the Environment
Environmental Awareness in Europe
Conclusions for Environmental Economics
The Environmental Movement in the US
The Developing World and the Environment
China and the Environment
India and the Environment
Attitudes Towards the Environment: A SummaryThe International Dimension of the Environment
International Environmental Issues
Global Environmental Commodities
Consequences of Globalization
The Environment and International Trade
International Conferences and Environmental Agreements
The United Nations Conference on Environment and
Development (UNCED)
The United Nations Framework Convention on Climate
Change (UNFCCC)
The Kyoto Protocol
Copenhagen, Cancun, Durban and Rio?Theoretical Environmental Economics
Basics of Environmental Economics
Fundamental Concepts
Environmental Awareness and Perceived Scarcity
Environmental Commodities and Allocation Problems
Efficiency as a Normative Criterion for Environmental Economics
Economic Efficiency and the Environment: Theory
Economic Efficiency and the Environment: ApplicationsAllocation Problems in a Market Economy
Efficient Equilibrium Allocations
The Model Economy
Market Equilibrium
Environmental Effects in a Market Economy
The Concept of an External Effect
Analysis of an Externality
Market Equilibrium with External Effects
Public Commodities in Environmental Economics
The Prisoners’ Dilemma in an Environmental Context
The Prisoners’ Dilemma and the Kyoto Protocol
The Tragedy of the CommonsThe Internalization of External Effects
External Effects and Missing Markets
Supplementing the Market System
The Pigou Tax
Firm-Specific Prices for an Environmental Commodity
Tradeable Emission Certificates
Pollution Rights
The Coase TheoremPublic Goods in Environmental Economics
The Lindahl Mechanism
The Concept of a Lindahl Equilibrium.
Lindahl Equilibrium and Incentive Compatibility
Core Equivalence in a Public Goods Economy
The Core of an Economy with a Public Good
The Cost-Share Equilibrium
Core Equivalence and Cost-Share Equilibria.
Implications for the Kyoto ProtocolEnvironmental Policy
From Theory to Policy: Information Deficits
Informational Requirements Regarding the Structure of the Markets
The Competition-Price Mechanism
Information Deficits in International Environmental Policy
Information Deficits Regarding Hazardous Materials and Processes
Consequences for Environmental PolicyCommand-and-Control Policy
Environmental Standards and Framework Conditions
Standards in Economic Systems
Ecological Efficiency of Standards: Examples
Framework Conditions, Standards and the Private Finance
Initiative
The Refillables Quota Issue
Facts and Developments Regarding Refillable Packaging
The Refillables Quota Issue and the German Packaging
Ordinance
Economic Feasibility of an Environmental Policy
The Concept of Economic Feasibility
Economic Feasibility: A Formal Analysis
Economic Feasibility in a Practical ContextIntegrated Approaches to Environmental Policy
Extended Producer Responsibility (EPR)
General Aspects of Waste Electrical and Electronic
Equipment (WEEE)
EPR Approach to WEEE in Germany
EPR Approach to WEEE in Japan
Integrated Waste Management (IWM)
The Concept of IWM in Environmental Economics
The Implementation of IWM
IWM in Germany
Renewable Energy Sources
The German Renewable Energy Sources Act (EEG)
The EEG in Practice
Integrated Approaches: A SummaryThe Price-Standard Approach to Environmental Policy
Market-Oriented Environmental Policies
Pollution Tax
Relevant Features of the Pollution Tax
Cost Efficiency of the Pollution Tax
Cost Efficiency with Spatial Differentiation
Ecotaxes
Aspects of an Ecotax
Theoretical Considerations Regarding an Ecotax
The Ecological Tax Reform in Germany
Tradeable Emission Certificates
Relevant Features of Markets for Tradeable Certificates
Emission-Oriented and Immission-Oriented Trading
Schemes.
Experiences with Markets for Tradeable Certificates
The EU Emission Trading System (EU ETS)
A Critical Assessment of the EU ETS
The US Cap and Trade Policy
Cap and Trade Policies in Other Parts of the WorldThe Allocation of International Environmental Commodities.
International Environmental Agreements
The Principal-Agent Problem in Environmental Policy
Stability and Efficient Mitigation Strategies
The Role of Adaptation StrategiesThe Environment in the Globalized World
Trade and the Environment: The Legal Context
The Framework Conditions for International Trade
Environmental Aspects of the GATT and the WTO
Regional Trade Agreements
The Environmental Policy of the EU
The North American Free Trade Agreement (NAFTA)
Consequences for the Integration of Trade and the EnvironmentOverfishing
The State of Fishery Resources
Short-Run Supply of the Fisheries
Interdependence of Fisheries
Short-Run Supply and Fixed-Stock Equilibrium
Integration of Economical and Biological Aspects
A Biological Growth ProcessThe Bioeconomic Equilibrium
The Market Equilibrium
Conclusions from the Formal Analysis
An Analysis of Externalities in the Fishing Industry
Attempts to Internalize Externalities in Fisheries
Quota Management Systems
Fisheries Policies
Subsidies and Overcapacity in the Fishing Industry
Evaluating the Common Fisheries Policy of the EU.
A Glance at the US Fisheries Policy
Overfishing: A SummaryIntegration of Trade and the Environment
Bhagwati’s Genuine Problems
Trade and the Environment: A Formal Approach
The Model
Autarky Equilibrium
Free Trade Equilibrium
Trade and the Environment: The Formal Integration
From Autarky to Free Trade
Harmonizing Environmental Standards
Regulation
Stackelberg Equilibrium
Integrating Trade and the Environment: A Summary