Final answer:
The article by Ambec and Cohen discusses the integration of managerial economics with environmental and sustainability issues, highlighting topics such as the economic thinking applied to environmental laws and policies, market-oriented tools, international concerns, and the balance of economic and environmental goals.
Step-by-step explanation:
The major theme of Managerial Economics: A Review of Environmental and Sustainability Issues by Stefan Ambec and Mark A. Cohen is the analysis of how managerial economics intersects with environmental and sustainability challenges. Within this context, the authors explore several key topics including applying the economic way of thinking to global environmental issues like global warming, the use of market-oriented environmental tools, assessing the benefits and costs of U.S. environmental laws, and examining the complex tradeoff between economic output and environmental protection. Furthermore, the article delves into international environmental issues that transcend beyond national borders, requiring international agreements for effective management and sustainability considerations that encompass the multitude of factors necessary for living within the means of the earth's resources without causing significant harm.
Relevant Topics Discussed in the Article
Applying the Economic Way of Thinking to international environmental agreements.
Market-Oriented Environmental Tools and their role in environmental governance.
The dynamic between Economic Output and Environmental Protection and how policies affect this balance.
Key references, such as Lemos and Agrawal's work on environmental governance, Reed's research on stakeholder participation, and further readings by Dechezleprêtre and Sato, and Bartik, are essential for understanding the comprehensive impact of environmental regulations on economics, policy, and sustainability practices.