A breath of fresh air

These poli- Chapter 9 mechanisms have the potential to achieve environmental cies include the strong protection of property rights, the goals at lower costs, due in part to the ability of individu- use of environmental pricing, the application of cost- Chapter 10 als to make the most cost-effective decisions in light of benefit analyses, and the devolution of the power of Chapter 11 economic incen [...] The sea change in attitude toward the use as free market prices, private property rights, and, of incentive-based instruments represents one of the most important, a legal system that carefully defines, Chapter 1 major accomplishments of environmental econom- delineates, and protects such rights, the goals of the Chapter 2 ics over the last three decades. [...] Because of In chapter 12, Dean Lueck reflects on the evolution of the Chapter 14 this situation, the aquaculture industry’s ability to meet Endangered Species Act (ESA) in the United States, and growing demand for its product and to maintain higher provides a troublesome example of the unintended con- Acknowledgments environmental standards has been diminished. [...] I will also explain some of the late 2004, using data up to the end of 2002 (where avail- Chapter 11 current policy mechanisms in place and the problem able), which was, at the time, the most up to date. [...] In other words, slight variations As regards the initiation of asthma, most of the avail- Chapter 3 in the assumptions behind the analysis cause the result to able evidence does not support a causative role for Chapter 4 disappear, which is an indicator that the underlying effect outdoor air pollution.