Environmental Economics and Policy is a best-selling text for environmental economics courses. Offering a policy-oriented approach, it introduces economic theory, empirical fieldwork, and case studies which show how underlying economic principles provided the foundation for environmental policies.

Section I. Economic Analysis: Options and Applications (1) The Role of Economics in Formulating and Implementing Policy (2) The Economic Approach: Property Rights, Externalities and Environmental Problems (3) The Role of Policy Instrument Choice in Efficient Environmental Management (4) Evaluating Trade-Offs: Benefit-Cost Analysis and Other Decision-Making Metrics (5) Valuing the Environment: Methods and Examples Section II. Environmental Policy (6) Ecosystem Goods and Services: Nature's Threatened Bounty (7) Fisheries Policy (8) Climate Change I: The Nature of the Challenge (9) Climate Change II: The Role of Energy Policy (10) Climate Change III: Carbon Pricing (11) Climate Change IV: Adaptation (12) Transportation: Managing Congestion and Local Pollution (13) Water: Managing Water Quality for Rivers, Lakes and Oceans (14) Toxics Policy and Environmental Justice (15) Meeting the Challenges: The Role of Economics