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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, 2012-2023.
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Tag Archives: recreational 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
Posted in Recreation
Tagged environmental valuation, marginal value, recreational value, travel cost method
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