Suppose the federal government is considering an air quality policy initiative that would effectively increase abatement (A)
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Suppose the federal government is considering an air quality policy initiative that would effectively increase abatement (A) of ozone from 10 percent to 20 percent and that the marginal social benefit (MSB) of ozone abatement in millions of dollars has been estimated as MSB = 120 − 2.5A. Determine the dollar value of incremental benefits associated with this initiative.
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Environmental Economics and Management Theory, Policy and Applications
ISBN: 978-1111826673
6th edition
Authors: Scott J. Callan, Janet M. Thomas
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