The economic analysis of environmental policy and law : an introduction

Bibliographic Information

The economic analysis of environmental policy and law : an introduction

Michael Faure, Göran Skogh

Edward Elgar, c2003

  • : [pbk]

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Note

Includes bibliographical references (p. 325-341) and index

Description and Table of Contents

Description

Although many books focus on law and economics, and environmental economics, this is one of the first to combine the two topics in a fully integrated and comprehensive manner. The authors successfully bridge the gap between the disciplines of environmental law and traditional economics in a lucid and highly accessible style.The Economic Analysis of Environmental Policy and Law covers many of the recent advances in the field and attempts to integrate some of the most crucial legal and economic instruments which, in the authors' view, have not yet been subjected to proper analysis. These include zoning, expropriation, licensing, third party liability, safety regulation, mandatory insurance and criminal sanctions. The authors pay particular attention to the interrelationships of these instruments and their various economic effects. Using a comparative law and economics methodology, they are also able to incorporate environmental law with international policy and investigate the many diverse rules of the legal system and their implementation in different countries. Crucially, the authors do not consider economics as the exclusive determinant in legal rule-making. They also highlight the need for ethical considerations and illustrate the potential limitations of pure economic analysis. The book assumes no prior knowledge of economics and will prove informative and rewarding for students of law and the social and natural sciences, especially those with an interest in environmental policy. With an extensive reference list and detailed notes on further reading material, this book will also serve as a stimulating introduction to the discipline of law and economics for environmental, political and legal practitioners.

Table of Contents

Contents: 1. Introduction and Summary Part I: Rights and the Environment 2. Principles of Environmental Policy 3. Exploitation and Protection of Endangered Species 4. Property Rights Part II: Resources, Prices and Sustainable Growth 5. Prices and Markets 6. Market Failures 7. Capital, Investments, Interests and Risks 8. Sustainable Growth Part III: Transaction Costs and the Law 9. The Role of Law 10. Balancing Benefits and Costs 11. Regulation of Industry 12. Land-use Control 13. Tradable Permits, Charges and Deposits Part IV: Risk and Liability 14. Tort Law 15. Limits to Liability 16. Environmental Crime 17. Various Instruments at Various Levels of Government Bibliography Index

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