- Publisher: Cambridge University Press
- Online publication date: July 2014
- Print publication year: 2014
- Online ISBN: 9780511845734
Environmental Markets explains the prospects of using markets to improve environmental quality and resource conservation. No other book focuses on a property rights approach using environmental markets to solve environmental problems. This book compares standard approaches to these problems using governmental management, regulation, taxation, and subsidization with a market-based property rights approach. This approach is applied to land, water, wildlife, fisheries, and air and is compared to governmental solutions. The book concludes by discussing tougher environmental problems such as ocean fisheries and the global atmosphere, emphasizing that neither governmental nor market solutions are a panacea.
Sheila M. Olmstead - University of Texas, Austin
Jeff Bennett - Australian National University
Margaret Walls - Research Director and Senior Fellow, Resources for the Future