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. As special features, the book presents international and regional aspects of environmental allocation, environmental use over time,i.e., the accumulation of pollutants, transfrontier pollution, and environmental risks.
