About Economic Droplets
An environmental and natural resource economics blog by Adam Bailey (below). For details and profile see About.
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© Adam Bailey and Economic Droplets, 2012-2019.
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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
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 environmental valuation, marginal value, recreational value, travel cost method
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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
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
Posted in Environment (general)
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