Transcription of Natural Resource and Environmental Economics
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Natural Resource and Environmental Economics
Natural Resource and Environmental EconomicsRoger Perman Yue Ma James McGilvray Michael Common3rd editionNatural Resource and Environmental EconomicsRoger Perman Yue Ma James McGilvray Michael CommonNatural Resource and Environmental EconomicsRoger Perman Yue Ma James McGilvray Michael Common3rd edition3rd editionNatural Resource and Environmental Economicsisamong the leading textbooks in its field. Well written andrigorous in its approach, this third edition follows in the veinof previous editions and continues to provide a compre-hensive and clear account of the application of economicanalysis to Environmental issues. The new edition retains allof the topics from the second edition but has beenreorganised into four Parts: I Foundation II EnvironmentalPollution III Project Appraisal IV Natural text has been written primarily for the specialistmarket of second and third year undergraduate andpostgraduate students of Economics .
5.7 Market allocations are not necessarily equitable 122 Part III Market failure, public policy and the environment 124 5.8 The existence of markets for environmental services 124 5.9 Public goods 126 5.10 Externalities 134 5.11 The second-best problem 142 5.12 Imperfect information 143 5.13 Government failure 144 Summary 145 Further reading 146
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