There are many reasons to suspect that benefit-cost analysis applied to environmental policies will result in policy decisions that will reject those environmental policies. The important question, of course, is whether those rejections are based on proper science. The present paper explores...

There are many reasons to suspect that benefit-cost analysis applied to environmental policies will result in policy decisions that will reject those environmental policies. The important question, of course, is whether those rejections are based on proper science. The present paper explores...

There are many reasons to suspect that benefit-cost analysis applied to environmental policies will result in policy decisions that will reject those environmental policies. The important question, of course, is whether those rejections are based on proper science. The present paper explores...

There is increasing recognition of an apparent paradox with respect to certain dimensions of environmental quality. Some measures of environmental quality, with US air quality being the focus here, have clearly improved over time. However, at the same time that this improvement has occurred,...

Benefit-cost analysts attempt to compare two states of the world, the status quo and a state in which a policy having benefits and costs is being contemplated. For environmental policies, this comparison is greatly complicated by the difficulty in inferring the values that individuals place on...

chapter 1 Introduction -- chapter 2 The Economy and the Environment: Uncontrolled Case (Pre-Institution) -- chapter 3 The Economy and the Environment: The Case of Optimal Controls (Post-Institution) -- chapter 4 The Provision of Public Goods (Pre- and Post-Institution) -- chapter 5 The Role of...