Slide 1Valuation of non-marketed goods Slide 2 Non-marketed goods Externalities and public goods complicate the estimation of impacts Ignoring these will result in – Excluding…
Slide 1 1 Slide 2 2 Which Costs and Benefits to Measure? Controllability: Cost or benefit that changes because of the decision Measured relative to status quo Relevance:…
Slide 1 Introduction to micro-economics Externality - Pollution Slide 2 External cost (negative externality) – A cost that arises from an activity undertaken by an individual,…