+ Site Statistics
+ Search Articles
+ Subscribe to Site Feeds
EurekaMag Most Shared ContentMost Shared
EurekaMag PDF Full Text ContentPDF Full Text
+ PDF Full Text
Request PDF Full TextRequest PDF Full Text
+ Follow Us
Follow on FacebookFollow on Facebook
Follow on TwitterFollow on Twitter
Follow on Google+Follow on Google+
Follow on LinkedInFollow on LinkedIn

+ Translate

The environment as a commodity

Economic policy towards the environment: 25-51
The environment as a commodity
The market failure approach treats the environment as a commodity. It has an implicit price, and can therefore be evaluated. In looking at this commodity approach, the chapter argues that all commodities are traceable to natural resources and that the optimal allocation of these resources rests on the presence of markets whose institutions are much more general than the price mechanism alone.

Accession: 002249894

DOI: 10.1093/oxrep/6.1.51

Related references

World agriculture and the environment: a commodity-by-commodity guide to impacts and practices. World agriculture and the environment: a commodity by commodity guide to impacts and practices: xii + 570 pp., 2004

New technologies for commodity utilization: their impact on the environment. International markets and the environment: the stake of US Agriculture: proceedings of a roundtable for international leadership: 9, 1992

The U.S. asparagus industry in a global environment: a commodity highlight. Vegetables and Specialties Situation and Outlook ( 273): 20-26, 1997

Commodity overview: in an environment of higher interest rates. Australian Commodities 6(4): 594-605, 1999

Effects of commodity program structure on resource use and the environment. Commodity and resource policies in agricultural systems: 97-128, 1991

Mineral resources and the environment; the new concept of international commodity policy. Colloquium Geographicum 23: 67-74, 1997

Commodity overview: in an environment of slower world economic growth. Australian Commodities 8(2): 242-254, 2001

Effects of storing commodity on the inner environment of evaporatively cooled storage structures. Journal of Food Science and Technology Mysore 41(3): 275-278, 2004

A conceptual model of commodity market hedging strategies in a production-marketing environment. Bulletin of Operations Research Society of America 20(2): 425-427, 1972

Economic evaluation of commodity promotion programs in the current legal and political environment. 1997