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, 2012-2025.
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Author Archives: Adam Bailey
Covid-19 and Household Size
Differences in national rates of Covid-19 infection may be partly due to differences in household sizes. While many questions about the Covid-19 virus are currently unanswered, one point on which there has been wide agreement is that transmission is more … Continue reading
Urban Wildlife – An Exploration
In many cities around the world, there are wild animal species whose presence is enjoyed by some and a nuisance to others. Management of such species should be informed by economic analysis as well as ecological, ethical and animal welfare … Continue reading
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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