Economy and Environment by Charles Perrings, Paperback | Indigo Chapters

Environmental external effects are evidence of the inability of market prices to reflect the interdependence of economic activities undertaken within a common environment, and are an essential feature of all market economies. This book shows how external effects are produced by the interaction of the economy with its environment, using a classical mass-balance model. | Economy and Environment by Charles Perrings, Paperback | Indigo Chapters