Tag Archives: marginal value

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

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Time to Relax London’s Green Belt?

Any reform of London’s Green Belt should be informed by economic assessment of the environmental value of Green Belt land. A feature of land use policy in the vicinity of London is the designation of large areas as Green Belt, … Continue reading

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