Natural Resource and Environmental Economics

Environmental economics is one of the fastest growing areas of economics. It establishes the true cost of natural resources including the costs of clean water and fresh air, and discusses ways in which these costs can then be distributed among consumers. This completely new textbook combines rigorous economic theory with its practical application in the environment to provide the most up-to-date and thorough coverage of the subject. The author introduces input-output models and general equilibrium analysis of environmental policy which is unique in an environmental economic text at this level and illustrates the text with real-life case studies. (Los Angeles, Peru, Eastern Europe)