Author Archives: Adam Bailey

Mitigable Public Bads

The economic theory of public goods is sometimes assumed to be adaptable in a straightforward manner to public bads.  Here I consider some implications of the fact that such bads are usually mitigable. Consider a region around an airport, subjected … Continue reading

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The Marginal Value of Parks

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

Posted in Recreation | Tagged , , , | Leave a comment

An Unnecessary Book on Environmental Economics?

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

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Some Thoughts on this Blog

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

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