This annual publication provides a survey of contemporary research on environmental and resource economics by some of the leading experts in the field. The critical issues addressed in this year's volume include: the management of high seas fisheries; choosing environmental risks; the stability and design of international environmental agreements; managing environmental risk through insurance; motor vehicles and the environment; recreation demand models; stated preference methods for environmental valuation; and pollution control policy in developing countries.

This major annual publication provides a state-of-the-art survey of contemporary research on environmental and resource economics by some of the leading experts in the field. The critical issues addressed in this year's volume include: the management of high seas fisheries; choosing environmental risks; the stability and design of international environmental agreements; managing environmental risk through insurance; motor vehicles and the environment; recreation demand models; stated preference methods for environmental valuation; pollution control policy in developing countries.