Economic Approaches to Environmental Problems

Book excerpt: Fundamental Aspects of Pollution Control and Environmental Science, 3: Economic Approaches to Environmental Problems: Techniques and Results of Empirical Analysis focuses on the application of economic approaches in the management and control of environmental problems. The book first offers information on the relationship of economics and the environment and environmental pollution and external effects. Discussions focus on concepts of the environment, environmental services, need for assessment methods, health effects of air pollution, and annoyance and other health effects due to aircraft noise. The text also examines the homogeneous pollution approach and monetary damage functions. The publication takes a look at project evaluation and environmental deterioration and general-equilibrium assessment models. Topics include linear programming models, aggregation of flows of costs and benefits through time, projects, effects, and aggregation, and illustrations of cost benefit. The selection is a dependable reference for readers interested in the economic approaches to environmental problems.