Environmental Economics

Alfred Endres is Full Professor of Economics at the University of Hagen, Germany, and Permanent Visiting Professor of Environmental Economics at the University of Witten/Herdecke, Germany. He has also taught at the Technical University of Berlin, Zhejiang University, Hangzhou, China, and the State University of New York, Buffalo. He held visiting appointments at the University of Florida and the University of California, San Diego. He is the author of 14 books on environmental economics, applied economics and microeconomics, primarily in German. Professor Endres is a member of the review panel for the Swiss National Competence Center for Research on Climate Change and was a member of the Peer Review Committee for the Environmental Action Program of the European Union. He is the author of numerous articles in journals such as the Canadian Journal of Economics, the Journal of Environmental Economics and Management, the Journal of Industrial Economics, Public Choice and Environmental and Resource Economics.

'Professor Endres invites the reader to look deeply into the microeconomic underpinnings of environmental economics, and not merely accept concepts as established wisdom without close scrutiny. Students will appreciate the author's humorous, even playful treatment of the microeconomics of environmental policy choices.' Robert T. Deacon, University of California, Santa Barbara

• Part I. The Internalization of Externalities as Central Theme of Environmental Policy: 1. Foundations; 2. Implications of making the concept of internalization programmatic in environment policy; Part II. Strategies for Internalizing Externalities: 3. Negotiations; 4. Environmental liability law; 5. Pigovian tax; Part III. Standard-Oriented Instruments of Environmental Policy: 6. Introduction; 7. Types of environmental policy instruments; 8. Assessment of environmental policy instruments; Part IV. Extensions of the Basic Environmental-Economics Model: 9. Environmental policy with pollutant interactions; 10. Environmental policy with imperfect competition; 11. Internalization negotiations with asymmetrical information; 12. The 'double dividend' of the green tax; 13. The induction of advances in environmental technology through environment policy; Part V. International Environmental Problems: 14. Introduction; 15. International environmental agreements; 16. Instruments of international environmental policy - the example of the EU's emissions trading; 17. Epilogue: the vision of a federal US emission trading system; Part VI. Natural Resources and Sustainable Development: 18. Resource exhaustion - the end of mankind?; 19. Renewable resources; 20. Sustainable development; Epilogue: three types of externality and the increasing difficulty of internalizing them.