The effectiveness of regulatory and market based policy instruments, including environmental taxation and tradeable permits, is analysed and applied to environmental problems such as the reduction of greenhouse gas emissions from transport and the conservation of biological diversity.

Contents: 1. An Introduction to Environmental Economics: Theory and Application (M. Acutt and P. Mason) Part I: Economic Valuation of the Environment 2. Economic Valuation in Transition Economies 3. Real and Hypothetical Willingness to Pay for Environmental Preservation 4. An Alternative Approach to Valuing Non-market Goods 5. Valuing the Environment as an Input Part II: Economic Policy Towards the Environment 6. Environmental Taxation 7. Economic Incentives for the Control of Pollution 8. Environmental Policy, Firm Location and Green Consumption 9. Environmental Regulation Part III: Environmental Sustainability 10. The Economics of Environmental Sustainability 11. Ecological Resilience and Economic Sustainability 12. Stripping Resources and Investing Abroad

'. . . this volume provides a good introduction to the issues surrounding three critical areas of environmental and ecological economics: nonmarket valuation, policy choices, and sustainability. . . . Overall, I found the volume to be an interesting read . . . The primary contribution is in the collection of work in one location that provides the interested reader who is new to many of the details of the topics with the necessary foundation to pursue topics in more detail . . . Individuals in the fields of law, political science, and other policy fields will find the material accessible and interesting.'