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This volume includes a series of previously published papers that both illustrate basic principles in the economics of pollution control and represent recent advances in the field over the last fifteen years. This authoritative collection includes seminal papers, written by leading scholars in the field, which relate to the overarching issue of designing pollution control policies to reduce environmental threats. The editor successfully covers a wide range of contemporary contexts and issues and includes both theoretical papers and empirical analyses of the impacts of pollution control policies. This volume will serve as an excellent source of reference for researchers, advanced students and practicing economists interested in a contemporary overview of the field.