Baumol, William J.

The theory of environmental policy/ William J. Baumol and Wallace E. Oates - 2nd ed. - Cambridge: Cambridge University Press, 1998. - x, 299 p. : ill. ; 24 cm.

1. Introduction: economic and environmental policy

Part I. On The Theory of Externalities
2. Relevance and the theory of externalities
3. Externalities: definition, significant types, and optimal-pricing conditions
4. Externalities: formal analysis
5. Uncertainty and the choice of policy instruments: price or quantity controls?
6. Market imperfections and the number of participants
7. Are competitive outputs with detrimental externalities necessarily excessive?
8. Detrimental externalities and nonconvexities in the production set
9. On optimal pricing of exhaustible resources

Part II. On The Design of Environmental Policy
10. Introduction to Part II
11. Efficiency without optimality: the charges and standards approach
12. Marketable emission permits for protection of the environment
13. Stochastic influences, direct controls, and taxes
14. Taxes versus subsidies: a partial analysis
15. Environmental protection and the distribution of income
16. International environmental issues
17. national or local standards for environmental quality?

9780521311120


Environmental Policy
Externalities (Economics)
Quality of life

338.927 / BAU/T