The \"Handbook of Environmental Economics\" focuses on the economics of environmental externalities and environmental public goods. Volume 1 examines environmental degradation and policy responses from a microeconomic, institutional standpoint....

Much applied environmental economics is concerned with the valuation of changes in environmental quality. Obtaining reliable valuation estimates requires attention to theoretical and econometric issues that are often quite subtle....

Many of the frontiers of environmental economics research are at the interface of large-scale and long-term environmental change with national and global economic systems. This is also where some of the most of challenging environmental policy issues occur....