Includes bibliographical references (pages [216]-238) and index.
1. Environmental policy between market failure and state failure -- 2. Turning the invisible hand green: the Coase-Pigou controversy revisited -- 3. How to approach the analysis of environmental policy -- 4. Denmark: Consensus-seeking as best available technology -- 5. France: River basin management -- 6. Germany: The sector guideline approach -- 7. The Netherlands: The legacy of water management -- 8. The cost-effectiveness of policy designs -- 9. Conclusions: Environmental policy - A case for earmarked taxes