Cost-benefit analyses are commonly applied to assess the net welfare effects of policies to improve surface water quality. These analyses often disregard the biophysical fact that from implementation of policy measures to resulting improvements on water quality there will typically be...

The Value of a Statistical Life is a key input into the calculation of the benefits of environmental policies that save lives. To date, the VSL used in environmental policy analyses has not been adjusted for age or the cause of death. Air pollution regulations, however, are linked to reductions...