| Subject |
Paradigmatic principles of environmental economics: neoclassical environmental economics, ecological economics, contradictions, consequences for environmental policy, sustainability, safe minimum standard
Market and political failures as causes of environmental problems: external effects, common property problems (non-exclusibility, non-rivalry and collective goods), Public Choice and environmental problems.
Instruments of environmental policy: negotiations (Coase Theorem), liability regulations, command and control, environmental taxes, subsidies, permits, environmental policy under uncertainty (Weitzmann Theorem)
Cost-benefit analysis as an environmental policy instrument: welfare-theoretical basics (welfare measures, use and non-use values), indirect procedures for assessing environmental benefits (expenditure method, hedonic prices, travel expenses approach, ...), direct procedures for assessment (contingent valuation), benefit transfer
Introduction into Resource Economics: exhaustible Resources, renewable Resources
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| Study material |
Environmental Economics in Theory and Practice, Nick Hanley, Jason F. Shogren, Ben White, Macmillan, 1997.
The theory of environmental policy, William J. Baumol and Wallace E. Oates, 2. edition, Cambridge University Press, 1988.
Cost-Benefit Analysis and the Environment, Nick Hanley, Clive Spash, Edward Elgar, 1993.
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