Environmental valuation studies should be clearer as to whether the value they estimate is marginal value or something else. The idea of a marginal quantity is one of the most-used in the economist’s toolkit. In the theory of the firm, … Continue reading
In the internet age, a collection of fine articles may not make a worthwhile book. Edward Elgar Publishing have recently published a seventh edition of Economics of the Environment: Selected Readings (1), a collection of 34 articles on a wide … Continue reading
When I started this blog in 2012, I considered – having looked at many other blogs – that posts should be short and frequent, and my early posts were all well below 1,000 words. But it gradually became apparent that … Continue reading
A recent paper proposes that, post-Brexit, the UK should lower tariffs on imported fish to benefit consumers. That may be a good idea, but the effect on fish stocks in the regions of origin should also be considered. The Institute … Continue reading
