 | Environmental Markets: Equity and Efficiency As human societies grapple with the scarcity of environmental resources--clean water, biodiversity, and atmospheric quality--environmental markets will achieve an important role in the global economy. Along with markets for knowledge, they may become the most important institutions in the world economy during the coming century. Environmental Markets offers authoritative economic results and cutting-edge ideas on the equity and efficiency of the environmental markets of the future. Graciela Chichilnisky holds the UNESCO Chair in Mathematics and Economics and is professor of statistics at Columbia University, where she is the director of the Program on Information and Resources and its Center for Risk Management. She introduced and developed the concept of "basic needs" and is the author of eleven books and some 180 scientific articles.Geoffrey Heal is Garrett Professor of Public Policy and Business Responsibility and professor of economics and finance of the Graduate School of Business at Columbia University. A past president of the Association of Environmental and Resource Economists, he is the author of many scientific articles and thirteen books, including Economic Theory and Exhaustible Resources; Valuing the Future: Economic Theory and Sustainability; and Nature and the Marketplace. |
