Here is the website. Here are some selling points:
New Features: lots of new self-test exercises (numerical problems, graphical manipulations and word problems) for students, updated data tables, coverage of recent economic studies.
Decision-Making Metrics including Benefit-Cost Analysis now has its own chapter. Climate change now has its own chapter.
Added or Expanded Topics
Experimental economics, oil and gas derived from shale, nuclear program in France, renewable energy credits, the forward capacity market for electricity, feed in tariffs, energy efficiency policies, The UN’s REDD program, endocrine disruptors, the BP/Deepwater horizon oil spill in the Gulf of Mexico, Prestige oil tanker spill, the Superfund National Priorities List, disclosure strategies for controlling pollution, geoengineering, climate change adaptation strategies, HFC control as a climate strategy, Bhutan’s Gross National Happiness measure, the Stern-Nordhaus debate about discount rates in climate policy, Distributional issues in benefit-cost analysis, benefits transfer, new material on the value of a statistical life, new evidence on how the age structure of the labor force affects productivity; new evidence on increasing block rates for water usage, new evidence on water desalination, uses of revenue from the Regional Greenhouse Gas Initiative, aquaculture, highgrading in fisheries , ITQs and enforcement, CAFE standards, international gas taxes, congestion pricing, cash for clunkers, Zip cars, taxes vs. allowances in the presence of uncertainty, the TDML program, watershed based trading, the Nitrogen Credit Exchange
New Examples and Debates
Experimental Economics: Studying Human Behavior in a Laboratory, Fuel from Shale: the Bakken Formation, Feed-in Tariffs, Reducing Emissions from Deforestation and Forest Degradation (REDD): A Twofer?; Should Carbon Sequestration in the Terrestrial Biosphere Be Credited?, The Arduous Path to Managing Risk: Bisphenol A, Regulating Through Mandatory Disclosure: The Case of Lead, Does Eco-Certification Reduce Degradation? Organic Costa Rican Coffee, The Car Allowance Rebate System: Did it Work?; Happiness Economics: Does Money Buy Happiness?; Valuation of Pollination Services; Water Market Assessment: Australia, Chile, South Africa and the USA; the Economics of Reserving Instream Rights for Endangered Species; Bluefin Tuna: Is Its High Price Part of the Problem or Part of the Solution?
