This major annual publication is an authoritative state-of-the-art survey of current issues in environmental and resource economics written by the leading academics in the field. The discipline of environmental and resource economics has undergone a rapid evolution over the past three decades with the early literature focusing mainly on valuation, and the design of policy instruments to correct externalities and encourage optimal resource exploitation. In the past few years, the field has broadened its scope by making numerous links with other disciplines in economics as well as the natural and physical sciences. As a result there has been an explosion in the literature which has made it increasingly difficult to keep up with developments in the field. The Yearbook cuts through this by focusing on the principal issues of current interest. Considering both macroeconomic and microeconomic issues, this edition deals with environmental policy in economies in transition, green accounting, the impact of macroeconomic policies on the environment, the economics of fisheries management, reactions to environmental policy within firms, as well as means of incorporating uncertainty in environmental analysis and policy. TABLE OF CONTENTS: 1. Transportation and Environmental Policy 2. Monitoring and Enforcement of Environmental Policy 3. Economic Aspects of Environmental Labelling 4. Integrated Assessment Models for Climate Change Control 5. Tropical Deforestation: Issues and Policies 6. Taking Benefits and Costs Seriously 7. Voluntary Approaches to Environmental Protection