Environmental and Natural Resource Economics

The Fifth Edition of this best-selling text continues to thoroughly introduce students to the study of environmental and natural resource economics. In continuing the trend toward a more international focus, Tietenberg increases attention paid to environmental problems and policies in Eastern and Western Europe, China, and developing nations. In addition, an explicit integration of research and policy within each chapter connects actual examples to economic theory, providing students with the context in which to understand the material. *Economic valuation of the environment is now addressed in two chapters, rather than one. The first deals with concepts behind economic valuation, and the second focuses on measurement concepts. *Sustainable development now appears in a separate chapter, thus laying a firmer groundwork for important themes carried throughout the book. *New boxed examples in every chapter highlight current hot topics. *As a part of the Fifth Edition's stronger international focus, additional attention has been paid to the policies of Eastern and Western Europe, China, and the developing countries. *A new glossary of terms defines and explains over 200 terms.