Economics of the environment

Book · Thu Jan 01 04:00:00 EST 1981

OSTI ID:6593424

Siebert, H

If the environment is treated as a scarce resource fulfilling many functions, environmental disruption and environmental use must by their nature be allocation problems. If a resource is scarce and if a zero price is charged for its use, then misallocation and decline in quality will result. A theoretical study of this problem analyzes how the price should be set, whether a correct price can be established through the market mechanism, and what role the government should play. The entire spectrum of allocation problems is studied: the use of the environment in a static context, international and trade aspects of environmental allocation, regional dimensions, and environmental use over time. A variety of policy approaches can be incorporated, such as neoclassical analysis, the public goods approach, property rights ideas, economic policy and public finance reasonings, international trade theory, regional science, and optimization theory. 240 references, 45 figures, 2 tables.

• OSTI ID: 6593424
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
290300* -- Energy Planning & Policy-- Environment
Health
& Safety
290400 -- Energy Planning & Policy-- Energy Resources
ALLOCATIONS
ECONOMIC IMPACT
ECONOMICS
ENVIRONMENTAL POLICY
GOVERNMENT POLICIES
PUBLIC POLICY
RESOURCE CONSERVATION