The distinction between marginal and average values is a key point in economics. Last year I was one of a team of researchers who got
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Climate change, Economics, Environment, Latest, Natural resource management, Policy, Politics, Research
It is obvious that the budgets of our public environmental programs are small relative to the cost of fixing all of our environmental problems. If
read morePutting dollar values on intangible environmental outcomes is probably the most controversial aspect of environmental economics. Is that why this information is not used more
read moreEpisode 20, the last in this series on principles to follow when ranking environmental projects. It provides a brief summary of the whole series. You
read moreEpisode 19 in this series on principles to follow when ranking environmental projects. It describes a number of mistakes that I’ve seen in real-world project
read moreEpisode 18 in this series on principles to follow when ranking environmental projects. It is about simplifications: the necessity of them in the ranking formula,
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