The book interprets nature and the environment as a scarce resource. It offers a theoretical study of the allocation problem and describes different policy approaches to the environmental problem. The entire spectrum of the allocation issue is studied. The author incorporates several economic approaches, including neoclassical analysis, the public goods approach and optimization theory. The different aspects of environmental allocation are studied in the context of a single model that is used throughout the book. The sixth edition includes new sections on ethical aspects of environmental evaluation, and international emission trading and biodiversity.

The Problem

Using the Environment - An Allocation Problem
Static Allocation Aspect
Production Theory and Transformation Space
Optimal Environmental Use
Environmental Quality as a Public Good
Property-Rights Approach to the Environmental Problem
Environmental-Policy Instruments
Incidence of an Emission Tax
Policy Instruments
Policy Instruments and the Casuistics of Pollution
The Political Economy of Environmental Scarcity
Environmental Allocation in Space
Environmental Endowment, Competitiveness and Trade
Transfrontier Pollution
Global Environmental Media
Regional Aspects of Environmental Allocation
Environmental Allocation in Time and Under Uncertainty
Long-Term Aspects of Environmental Quality
Economic Growth, Sustainability, and Environmental Quality
Risk and Environmental Allocation.