The Theory of Environmental Policy

In this book Professors Baumol and Oates provide a rigorous and comprehensive analysis of the economic theory of environmental policy. They present a formal theoretical treatment of those factors infuencing the quality of life. By covering both the theory of externalities and its application to environmental policy the authors have retained the basic structure and organization of the first edition which has become a standard reference in the field. In this edition however they have updated their analysis to incorporate recent research in enviromental economics.