𝔖 Bobbio Scriptorium
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Economic Costs of Environmental Quality Constraints

✍ Scribed by Calum G. Turvey; Alfons J. Weersink

Book ID
114842456
Publisher
John Wiley and Sons
Year
1991
Tongue
English
Weight
548 KB
Volume
39
Category
Article
ISSN
0008-3976

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The Paretian measure of consumer surplus neglects the possibility that the state of individual welfare is conditioned by an economic parameter, as in the case of non-marketed environmental goods. As long as an environmental good serves as a constraint in the same way as price of an ordinary good, th