The Public Economics of the Environment

"Environmental policy is high on the political agenda in many countries. Considering the various dimensions of environmental quality as public goods, Agnar Sandmo identifies the failures of the market mechanism in the face of environmental problems and shows how economic policy should be designed to overcome them. The treatment is mainly theoretical, but the emphasis throughout is on showing how theory can be relevant to the rational design of economic policy." "In providing an integrated treatment of issues in environmental economics and public finance, the book should appeal to economists within both areas of specialization."--Jacket.