Anastasios Xepapadeas - Böcker

Although the spatial dimension is embedded in most issues studied by environmental and resource economics, its incorporation into economic models is not widespread. As a result, significant aspects of important problems remain hidden, which could lead to policy failures. This Element fills this gap by exploring how space can be integrated into environmental and resource economics. The emergence of spatial patterns in economic models through Turing's mechanism is explained and an extension of Pontryagin's maximum principle under spatial dynamics is provided. Examples of the use of spatial dynamics serve to illustrate why space matters in environmental policy design. Moreover, the differentiation of policy when spatial transport mechanisms are considered is made clear. The tools presented, along with their applications, provide foundations for future research in spatial environmental and resource economics in which the underlying spatial dimension - which is very real - is fully taken into account.

Although the spatial dimension is embedded in most issues studied by environmental and resource economics, its incorporation into economic models is not widespread. As a result, significant aspects of important problems remain hidden, which could lead to policy failures. This Element fills this gap by exploring how space can be integrated into environmental and resource economics. The emergence of spatial patterns in economic models through Turing's mechanism is explained and an extension of Pontryagin's maximum principle under spatial dynamics is provided. Examples of the use of spatial dynamics serve to illustrate why space matters in environmental policy design. Moreover, the differentiation of policy when spatial transport mechanisms are considered is made clear. The tools presented, along with their applications, provide foundations for future research in spatial environmental and resource economics in which the underlying spatial dimension - which is very real - is fully taken into account.

The increasing scarcity of water resources (in terms of quantity and quality) is one of the most pervasive natural resource allocation issues facing development planners throughout the world. This problem is especially prevalent in less developed countries where the management of this valuable resource has become a critical policy concern. This authoritative new volume outlines the fundamental principles and difficulties that characterise this challenging task.The authors begin by detailing the significant problems of water management which are specific to developing countries. In particular, they highlight the political economy of water management in the context of both pricing and institutional reform. Five case studies from a variety of developing countries extend these themes and examine other important issues such as water markets, irrigation and the measurement of groundwater scarcity. Finally, using Cyprus as an example, the authors demonstrate the manner in which improved water management policies can be implemented in a developing country. This final part serves to illustrate the policy solutions to the problems laid out in earlier chapters.Government agencies, private consulting firms and NGOs working in the fields of water resource allocation and economic development will find this volume to be an enlightening read. Academics, practitioners and those who wish to be better informed about the role and value of water management in developing countries will also find this to be an invaluable source of reference.

Advanced Principles in Environmental Policy clearly and systematically presents current developments in the economic theory of environmental policy. A key feature is the systematic exposition of the use of mathematical tools in environmental economics.Professor Xepapadeas builds on and extends the basic theoretical framework of environmental policy and pays special attention to the inter-relationships between environmental economics and other branches of economics. He considers dynamic investment theory, industrial organization, international economics and relaxes standard assumptions underlying his basic model. A key feature of this book is a systematic exposition of the use of mathematical tools in environmental economics. Important practical research topics in the theory of environmental policy are presented, including:emission taxes nonpoint source pollution transboundary pollutionthe link between international trade and environmental policy international environmental cooperation.Advanced Principles in Environmental Policy will provide stimulus for further research in the theory of environmental policy. It will prove essential reading for advanced undergraduate and graduate students in environmental economics as well as for professionals, researchers and policymakers seeking to understand the fundamentals of environmental policy.

Economic Policy for the Environment and Natural Resources presents some of the most important recent work on the theory and application of environmental policy at both the national and international level. At the national level it focuses on instruments for pollution control. At the international level it discusses measures to promote international cooperation for the protection of the environment.This book covers a wide range of major issues including the legal aspects of environmental protection, environmental policy under oligopolistic conditions, voluntary agreements as a policy instrument, participation in international coalitions and environmental policy in dynamic trade models. In discussing the applications of environmental policy, it includes issues such as the profitability of emission saving techniques, water management and acid rain models.This book will be essential reading for both policymakers and professional economists who are concerned with environmental policy.

Emissions taxes, tradeable emission permits and voluntary compliance policies are becoming the instruments of choice in controlling environmental problems at the national and international level. Careful design of these policies in second-best environments is a very important factor for their success. This book uses cutting-edge research in order to appraise their efficiency in varying market conditions.This book evaluates the impact that market power could have on the implementation of market-based environmental policies within static, dynamic and open economy frameworks. It explores the potential negative impacts that market-based instruments could have on competitiveness and examines the effects that time inconsistency in the implementation of emission taxes and emission permits could have on environmental innovation. Utilizing open economy frameworks, the contributors also analyse the impact of market imperfections on the structure of environmental polices across countries. They advocate co-operation across countries as a means to maximise the benefits from these policies.Environmental Regulation and Market Power will prove invaluable to scholars and policymakers in the area of environmental studies.

The most interesting issues in environmental and resource economics have an explicit temporal dimension, since variables of interest such as pollutants, greenhouse gases, biomass of biological resources, or the stocks of fossil fuels accumulate in the ambient environment or are depleted through human actions and natural processes.The purpose of these lectures is to present the mathematical tools for analyzing environmental and resource management issues in a dynamic set-up.The lectures include a brief description of differential equations and then move on to describe methods of optimal control, dynamic programing, and differential games. The final chapters cover two novel topics: (1) environmental issues characterized by deep uncertainty, and aversion to ambiguity using robust control methods and formulations of precautionary policies; and (2) the study of pollution/resource management in space and time when the environmental variables evolve in time and diffuse in space.The lectures are a valuable tool for advanced graduate students in environmental and resource economics who are studying dynamic problems.

The most interesting issues in environmental and resource economics have an explicit temporal dimension, since variables of interest such as pollutants, greenhouse gases, biomass of biological resources, or the stocks of fossil fuels accumulate in the ambient environment or are depleted through human actions and natural processes.The purpose of these lectures is to present the mathematical tools for analyzing environmental and resource management issues in a dynamic set-up.The lectures include a brief description of differential equations and then move on to describe methods of optimal control, dynamic programing, and differential games. The final chapters cover two novel topics: (1) environmental issues characterized by deep uncertainty, and aversion to ambiguity using robust control methods and formulations of precautionary policies; and (2) the study of pollution/resource management in space and time when the environmental variables evolve in time and diffuse in space.The lectures are a valuable tool for advanced graduate students in environmental and resource economics who are studying dynamic problems.

This book presents a series of lectures on applied environmental economics and policy covering the following issues: environmental cost-benefit analysis; ecosystem services; ecosystems biodiversity and the economy; and sustainability.The first part introduces basic concepts in environmental cost-benefit analysis and explains in detail the choice of the discount rate. Distributional issues and assessment of risk involved in decision-making criteria, using tools such as sensitivity analysis and Monte Carlo simulations, are discussed.The second part of the lectures deals with ecosystem services and analyzes the concepts of total economic value and quasi-option value. It presents the two landmark global initiatives on ecosystem services: the Millennium Ecosystem Assessment and the Economics of Ecosystems and Biodiversity. The various methods and approaches for valuing ecosystem services, using revealed and stated preference valuation methods along with their advantages and disadvantages, are explored.In the third part, the links between ecological and economic systems are explored along with the economics of biodiversity where biodiversity-related issues such as metrics, valuation, conservation, and policy design are discussed.The fourth and final part of the lectures deals with sustainability. It covers issues related to measuring sustainable development at the macro level, along with corporate sustainability, and takes a brief look at environmental, social and governance (ESG) reporting.