Contents -- List of Tables and Figures -- Preface -- Part I Theory and Fundamentals -- 1 Introduction to Environmental and Natural Resources Economics -- Introduction -- Fundamental Concepts -- Some Reasons for Optimism and Some Reasons for Concern -- Overview -- Summary -- Review Questions and Problems -- Internet Links -- References and Further Reading -- 2 Value Systems and Economic Systems -- Introduction -- Fundamentals of Ethical Systems -- Self-Interest, the Common Good, and Social Order -- Private Property -- On Positive and Normative Economics -- Economic Questions That All Societies Must Answer -- Summary -- Review Questions and Problems -- Internet Links -- References and Further Reading -- 3 The Economics of Market Allocation -- Introduction -- Market Capitalism -- Conditions Required for a Well-Functioning Competitive Market -- Market Demand and Supply -- Market Equilibrium and Efficiency -- Market Failure -- Summary -- Review Questions and Problems -- Internet Links -- References and Further Reading -- Appendix: A Calculus-based Derivation of Supply Curves -- 4 Externalities, Market Failures, and Policy Interventions -- Introduction -- Positive Externalities -- Negative Externalities -- Summary -- Review Questions and Problems -- Internet Links -- References and Further Reading -- 5 The Economics of Natural Resource Systems, Part I: Theory and Concepts -- Introduction and Overview -- Allocating Nonrenewable Resources -- Allocating Recyclable Resources -- Allocating Renewable Resources -- Allocating Common-Pool Resources -- Ecosystem Services and Natural Capital -- Resources for the Future: Factors Affecting Future Resource Scarcity -- Summary -- Review Questions and Problems -- Internet Links -- References and Further Reading -- Appendix: The Prisoner's Dilemma and the Tragedy of the Commons -- Part II Policy.

6 The Economics of Natural Resource Systems, Part II: Marine Capture Fisheries -- Introduction -- World Trends -- Bioeconomic Model of a Fishery -- Fishery Management -- Individual Quotas -- Aquaculture -- Summary -- Review Questions and Problems -- Internet Links -- References and Further Reading -- 7 Measurement and Analysis of Benefits and Costs -- Introduction: Benefit/Cost Analysis -- Measuring Benefits -- Measuring Costs -- Summary -- Review Questions and Problems -- Internet Links -- References and Further Reading -- 8 The Political Economy of Environmental Regulation and Resource Management -- Introduction: What Is Political Economy? -- Economic Models of Political Economy and the Regulatory Process -- The Political Economy of Environmental Regulation: A Selective Survey -- The Political Economy of Locally Self-Governed Common-Pool Resources -- The Political Economy of International Environmental Accords: The Case of the Montreal Protocol -- Summary -- Review Questions and Problems -- Internet Links -- References and Further Reading -- 9 Motivating Regulatory Compliance: Monitoring, Enforcement, and Sanctions -- Introduction -- The Economics of Crime -- EPA Enforcement -- Selected Civil and Criminal Case Summaries from the Department of Justice -- California Enforcement -- Compliance -- Citizen Suits -- Summary -- Review Questions and Problems -- Internet Links -- References and Further Reading -- 10 Creating Economic Incentives for Environmental Protection and Resource Management -- Introduction -- Marketable Pollution Allowances -- An Illustration of the Cost-Savings Potential from Marketable Pollution Allowances -- Marketable Pollution Allowances and the Clean Air Act (CAA) Amendments of 1990: The Acid Rain Program -- Renewable Portfolio Standard (RPS) -- Emissions Trading -- Other Experiments with Marketable Allowances.

Environmental Taxes -- Summary -- Review Questions and Problems -- Internet Links -- References and Further Reading -- 11 Global Climate Change: Science, Policy, and Economics -- Introduction -- Greenhouse Gas Emissions and Global Climate Change -- The Evidence Regarding Global Climate Change -- International Action on Global Climate Change -- Policy Studies: The Economics of Controlling Greenhouse Gas Emissions -- Summary -- Review Questions and Problems -- Internet Links -- References and Further Reading -- Part III Topics on the Economics of Sustainability -- 12 Introduction to the Concept of Sustainability -- Introduction -- Sustainable Development -- Conservation-based Development -- A Working Definition of Sustainability -- Summary -- Review Questions and Problems -- Internet Links -- References and Further Reading -- 13 Recognizing Interdependencies and Thinking Long Term -- Introduction -- Recognizing Interdependencies -- Thinking Long Term: Discounting and Policy Making -- Summary -- Review Questions and Problems -- Internet Links -- References and Further Reading -- 14 Sustainable Economic Development -- Introduction -- Conventional Economic Development Strategies -- Envisioning Sustainable Development: The Brundtland Commission Report, the Earth Summit, the Millennium Development Goals, and Beyond -- Theories of Sustainability -- Sustainability Indicators -- Case Studies in Measuring Sustainable Economic Development -- Summary -- Review Questions and Problems -- Internet Links -- 15 Issues in Sustainable Production and Consumption -- Introduction -- More Sustainable Energy Resources, Technologies, and Processes -- Policies Promoting Sustainable Production and Consumption -- Consumer Preferences and Sustainable Consumption -- Summary -- Review Questions and Problems -- Internet Links -- References and Further Reading.

16 Issues in the Economics of Sustainable Local Communities -- Introduction -- Sustainable Local Self-Governance of CPR Systems -- Examples of Sustainable Local Communities and the Systems They Use for Governing CPRs -- Retrospective on CPRs and Local Self-Governance -- Integrating Sustainability into Local Economic Development -- Summary -- Review Questions and Problems -- Internet Links -- References and Further Reading -- Glossary -- Index -- About the Author.