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The Economics of Environmental Protection presents a selection of Peter Bohm's most important essays on policy issues concerning externalities and public goods. Most of the issues relate to environmental policy.

The book revolves around two major - and quite different - themes: the search for efficient instruments for environmental policy, in particular global environmental policy, and mechanisms for revealing the demand for public goods, for example, environmental protection. Within this framework issues discussed include: the concept of externalities, an efficiency comparison of environmental policy instruments, policies to protect the ozone layer, trade in CO2 quotas as an efficient policy to reduce the risk of climatic change, and the feasibility of eliciting parties' willingness to pay for environmental protection and other public goods.

This book performs a signal service by making Professor Bohm's work more widely available to environmental economists, microeconomists and policymakers.