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Introduction
2. Economic Efficiency and Environmental Protection
3. The Benefits and Costs of Environmental Protection
4. The Efficiency of Markets
5. Market Failures in the Environmental Realm
6. Managing Stocks: Natural Resources as Capital Assets
7. Stocks that Grow: The Economics of Renewable Resource Management
8. Principles of Market-based Environmental Policy
9. The Case for Market-Based Instruments in the Real World
10. Market Based Instruments in Practice
11. Sustainability and Economic Growth
12. Conclusion.

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