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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, 2012-2026.
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Author Archives: Adam Bailey
The Role of Contingent Valuation
Contingent valuation is sometimes presented as applicable to any environmental good, unlike other valuation methods which can be used only in particular circumstances. Recent thinking suggests a narrower role. A symposium in the Journal of Economic Perspectives (1) offers three … Continue reading
A Small Test of Price Theory
I like a decent cup of coffee with my breakfast. Usually the water is boiled in our electric kettle. But today we put the water in a saucepan and boiled it on our gas hob. Why? A fault with the … Continue reading
How to Choose a Christmas Tree
Is a natural or an artificial Christmas tree the more environmentally-friendly option? The answer may depend on the consumer’s circumstances. As environmental issues go, this is admittedly a small one. But if we can’t get right small issues like this, … Continue reading
Mandatory Emissions Reporting – An Evaluation
The UK is to require quoted companies to report on their greenhouse gas emissions (1). This modest measure raises a number of economic issues. Why is the government introducing this requirement? It believes that mandatory reporting will complement pricing instruments … Continue reading
