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Documents Valuation of non-marketed goods. Non-marketed goods Externalities and public goods complicate the...

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…

Documents Introduction to micro-economics Externality - Pollution.

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,…