Publisher's Synopsis
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 use of the environment in a static context, international and trade aspects of environmental allocation, the regional dimension, environmental use over time and under uncertainty. The book incorporates a variety of economic approaches.;The fourth edition has been enlarged and revised, all data have been updated.
