The 2004 5 edition of this annual publication provides again a first-rate compilation of various major topics in environmental and resource economics written by the leading specialists in the field. . . The contributions are an exciting and inspiring resource for the development of further research, and this book should be recommended to students and researchers in environmental and resource economics as well as social science. Katrin Daedlow, Environmental Politics As every year, Tom Tietenberg and Henk Folmer have edited The International Yearbook of Environmental and Resource Economics. . . This book, and indeed the whole collection, are tremendously useful as basic tools for professionals in research, teaching and policy making. Michel Griffon, Quarterly Journal of International Agriculture This major annual publication provides a state-of-the-art survey of contemporary research on environmental and resource economics by some of the leading experts in the field. The critical issues addressed in this year s volume include: contingent valuation environmental policy, technological change and economic growth land use decisions and policy sustainability indicators value transfer and environmental policy joint implementation in climate change policy environmentally harmful subsidies.