Publisher's Synopsis
This 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 use of the environment in a static context, international and trade aspects of environmental allocation, regional dimensions and environmental use over time and under uncertainty. The book incorporates a variety of economic approaches, including neoclassical analysis, the public-goods approach, benefit cost, property-rights ideas, economic policy and public-finance reasoning, international trade theory, regional science, and optimizattion theory including control theory and risk analysis. The different aspects of environmental allocation are studies in the context of a model that is used throughout the book. In contrast to other books, this book has chapters on the international and the regional aspects of environmental allocation, on environmental use over time, i.e. on the accumulation of pollutant, and on environmental risks. The third edition has been revised and enlarged.
