Two and a half billion people are affected directly on a day-to-day basis by the allocation and use of purely local resources. Yet "official" development economics has concentrated on headline international issues and only recently begun to take account of the dependence of poor countries on their natural resources, the link between acute poverty and environmental degradation, and the problems associated with the management of local common property such as soil and soil cover, water, forests and their products, animals and fisheries. In this volume, part of the WIDER Program on the Economics...

This important book reports the findings of a research program that brought together economists and ecologists to consider the causes and consequences of biodiversity loss. It shows that while the immediate causes of biodiversity loss lie in habitat destruction and harvesting, the underlying causes are incentives that encourage resource users to ignore the effects of their actions. These effects include both loss of genetic material, and the collapse of ecosystem resilience--our "insurance" against the fundamental uncertain effects of economic and population growth. The "solutions" are argued...

The Handbook of Environmental Economics focuses on the economics of environmental externalities and environmental public goods. Volume I examines environmental degradation and policy responses from a microeconomic, institutional standpoint. Its perspective is dynamic, including a consideration of the dynamics of natural systems, and global, with attention paid to issues in both rich and poor nations. In addition to chapters on well-established topics such as the theory and practice of pollution regulation, it includes chapters on new areas of environmental economics research related to common...

Economists all too often assume that ecosystem and population dynamics are subject to convex (even linear) processes. However, research by ecosystem and population ecologists has shown that the processes in question are very often non-convex. This has important implications for environmental and resource economics. Typically, a system under study or being managed would contain multiple basins of attraction. So the system would flip from one basin to another if a "threshold" (mathematically, a bifurcation) were crossed. Furthermore, the flip could be irreversible. But even if it were...

This book is the second edition of a text based on a report commissioned by the Swedish International Development Authority (SID A). The financial grant from SIDA which made the work possible is hereby gratefully acknowledged. There are already many books on the market about environmental economics, some of them very good. What is special about this one? We do not claim to have obtained new results, but we have our own way of presenting the subject matter. In particular, we are of the opinion that policy failures are often overlooked as an obstacle to efficient environmental management....

'The Resources for the Future Library Collection' brings back landmark books published by Resources for the Future throughout its nearly 60-year history as the pre-eminent research institution devoted exclusively to environmental issues.

Is knowledge an economic good? Which are the characteristics of the institutions regulating the production and diffusion of knowledge? Cumulation of knowledge is a key determinant of economic growth, but only recently knowledge has moved to the core of economic analysis. Recent literature also gives profound insights into events like scientific progress, artistic and craft development which have been rarely addressed as socio-economic institutions, being the domain of sociologists and historians rather than economists. This volume adopts a multidisciplinary approach to bring knowledge in the...

This volume IS one of a number of pubhcatlOns to carry the results of the flfSt research programme of the Royal Swedish Academy of SCience's BelJer Institute The Instltute was formed m 1991 m order to promote mterdlsclplmary research between natural and social sClentlsts on the mterdependency between economic and ecological systems In Its first research programme, the BlOdlverslty Programme, the Instltute brought together a number of leadmg economists and ecologists to address the theoretlcal and pohcy Issues associated with the current high rates of blOdlVefSlty loss m such systems - whether...

This book is a thoroughly revised text based on a report commissioned by the Swedish International Development Authority (SIDA). The financial grant from SIDA which made the work possible is hereby gratefully acknowledged. We gratefully accepted the offer from Kluwer Academic Publishers to revise the text. Hopefully, the text can be of interest to decision-makers, development programme personnel, teachers and the general public interested in how economics can contribute to better environmental decision-making. There are already many books on the market about environmental economics, some of...

This book honours Partha Dasgupta, and the field he helped establish; environment and development economics. It concerns the relationship between social systems (to include families, local communities, national economies, and the world as a whole) and natural systems (critical ecosystems, forests, water resources, mineral deposits, pollution, fisheries, and the Earth's climate). Above all, it concerns the poverty-environment nexus: the complex pathways by which people become or remain poor, and resources become or remain overexploited. With contributions by some of the world's leading...