"The first edition of this important work was the winner of the 2002 Publication of Enduring Quality award by the Association of Environmental and Resource Economists. The continuing premise for the book is that estimates of the economic values of environmental and natural resource services are...

1. Resource evaluation and public policy -- 2. Measuring values, benefits, and costs : an overview -- 3. Welfare measures : definitions and concepts -- 4. Welfare measures : theoretical basis for empirical assessment -- 5. Valuing changes in risk -- 6. Aggregation of values across time -- 7....

U.S. investment to decrease pollution in rivers, lakes, and other surface waters has exceeded $1.9 trillion since 1960, and has also exceeded the cost of most other U.S. environmental initiatives. These investments come both from the 1972 Clean Water Act and the largely voluntary efforts to...