Bockstael, Nancy E.; Freeman, A. Myrick - In: Handbook of environmental economics : volume 2, Valuing …, (pp. 517-570). 2005
Public policies that lead to a reduction in the emissions of air and water pollutants or the protection of sensitive ecosystems presumably increase the well-being of many members of society. Applied welfare economists are accustomed to measuring the welfare effects of policies that invoke price...
