The federal government now confronts considerable political pressure to add CO2 to the existing set of criteria air pollutants. As with current criteria pollutants, proposals call for control of CO2, assuming that the control of each of the three criteria pollutants is separable from the others....

We explore implications of the failure of the individual to behave in accordance with the predictions of the utility maximization paradigm for the application of consumer sovereignty principles to the valuation of environmental goods. A subjective probability framework is used to develop an...