What's New in the Fifth Edition

New Features:

• Relevant and new material: new material on various aspects of global warming (Chapters 1, 6, and 20); emission trading programs, including carbon trading (Chapters 1, 13, and 15); green taxes (Chapter 12); markets for green goods (Chapter 10); environmental problems in China (Chapter 1); coastal water pollution (Chapter 14); valuing health outcomes (Chapter 7); the value of private information in policy plans (Chapter 9); the economics of pest resistance (Chapter 16); and the idea of charging for solid waste (Chapter 17).

• Thoroughly updated pedagogy: including new and updated exhibit material, updated data tables and new discussion questions.