ON THE PRACTICAL ECONOMICS OF ENVIRONMENTAL RESTORATION
Abstract:Environmental restoration opportunities represent an example of the provision of public goods. The usual problems inherent in the determination of the economically efficient quantity of a public good to produce apply in the case of environmental restoration. This essay seeks to explain, in a non-technical way, the nature of the problem and to suggest that the economic analysis problem may be ameliorated somewhat by careful description of the environmental problem to be remedied.
Document Type: Research Article
Publication date: 2002-01-01
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