Lynne Lewis is Elmer W. Campbell Professor of Economics at Bates College, Maine, USA.Tom Tietenberg is the Mitchell Family Professor of Economics, Emeritus, at Colby College, Maine, USA.

• Section I. Economic Analysis: Options and Applications (1) The Role of Economics in Formulating and Implementing Policy (2) The Economic Approach: Property Rights, Externalities and Environmental Problems (3) The Role of Policy Instrument Choice in Efficient Environmental Management (4) Evaluating Trade-Offs: Benefit-Cost Analysis and Other Decision-Making Metrics (5) Valuing the Environment: Methods and Examples Section II. Environmental Policy (6) Ecosystem Goods and Services: Nature’s Threatened Bounty (7) Fisheries Policy (8) Climate Change I: The Nature of the Challenge (9) Climate Change II: The Role of Energy Policy (10) Climate Change III: Carbon Pricing (11) Climate Change IV: Adaptation (12) Transportation: Managing Congestion and Local Pollution (13) Water: Managing Water Quality for Rivers, Lakes and Oceans (14) Toxics Policy and Environmental Justice (15) Meeting the Challenges: The Role of Economics

"The authors transform masterfully the leading-edge of environmental economics research into language that is accessible, insightful and relevant to a broad audience. The book is an essential resource for all undergraduate environmental economics and environmental policy courses." – Assistant Professor Jacob Hochard, Department of Economics, East Carolina University. "Lewis and Tietenberg provide a highly-relevant and up-to-date economics-based framework for evaluating environmental problems and policy solutions. In examining the most critical environmental issues of the day, the authors embrace a wide range of disciplinary-perspectives. This book is perfect for undergraduate economics students or graduate policy students." – Professor Sarah L. Stafford, Chair of the Department of Economics, William & Mary.