|
|
|
|
| |
|
| |
|
|
Pizer, William A.; Kopp, Raymond J.. |
Decisions concerning environmental protection hinge on estimates of economic burden. Over the past 30 years, economists have developed and applied various tools to measure this burden. In this paper, developed as a chapter for the Handbook of Environmental Economics, we present a taxonomy of costs along with methods for measuring those costs. At the broadest level, we distinguish between partial and general equilibrium costs. Partial equilibrium costs represent the burden directly borne by the regulated entity (firms, households, government), including both pecuniary and nonpecuniary expenses, when prices are held constant. General equilibrium costs reflect the net burden once all good and factor markets have equilibrated. In addition to partial... |
Tipo: Working or Discussion Paper |
Palavras-chave: Social cost; Cost-benefit; Cost-effectiveness; Environmental regulation; Environmental Economics and Policy; Q20; Q28; H41; L50; D58. |
Ano: 2003 |
URL: http://purl.umn.edu/10762 |
| |
|
|
|