Economists are concerned by a wide range of environmental impacts from pollutants, as they affect human welfare and not just human health. This insightful book demonstrates how economic analysis can contribute to decision making in environmental policy and discusses the theoretical limitations of economic valuation.
Through detailed case studies including land contamination and ecosystem damage, the expert contributors illustrate the range of methods economists currently employ to address and manage the impacts of pollutants, such as multiple criteria analysis, hedonic pricing and contingent valuation. They explore applications of the cost-benefit approach to the environment but also raise questions as to its continued role compared to alternative methods. By presenting the ongoing work of economists involved with environmental management the authors hope that understanding of typical economic practice can be enhanced and perhaps complemented by natural scientists working in the fields of ecotoxicology, epidemiology and ecology. The book also discusses how the sometimes difficult interaction between natural science and economic analysis can be managed.
By adopting an international perspective and providing a critical overview of contemporary economic research into environmental pollution, this book will become essential reading for environmental economists, scientists and policymakers.
Edited by Clive L. Spash, Vienna University of Economics and Business, Austria and Sandra McNally, Centre for the Economics of Education, London School of Economics and Political Science, UK
Contents: Preface 1. Evaluating the Impacts of Pollution: An Introduction and Overview 2. Environmental Toxicology and Health Risk Assessment in the United States: Economic and Policy Issues 3. Calculating Morbidity Benefits from Reducing Air Pollution: A Spanish Case Study 4. Air Pollution and Agricultural Crop Damage: Can Europe Learn from the United States? 5. Monetary Valuation of the Toxic Impacts due to Acidic Deposition in Scotland 6. Linking Physical and Economic Indicators of Environmental Damages: Acidic Deposition in Norway 7. Prioritizing Toxic Chemical Clean-up in Hungary Using Monetary Valuation 8. Combining Life Cycle Assessment and Multicriteria Evaluation: Comparing Waste Management Options in Spain 9. Cost-Effectiveness Analysis for Nitrate Pollution Control in the European Union 10. Pesticide Policy Design and Decision-Making in the United Kingdom: Information, Indicators and Incentives Index