Technology for a Quieter America (2010) / Chapter Skim
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Appendix F: Guidance for Environmental Economics
Appendix F: Guidance for Environmental Economics
Pages 163-166
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From page 163... ...
In CBA, factory in a neighborhood produces and sells goods but also explicit and implicit costs associated with pursuing a course fouls the air for nearby residents. This externality implies an of action are all included in making a decision.
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From page 164... ...
Broad social costs are typically includes "existence value," when society derives value from easier to monetize than benefits because they may include an knowing an environmental amenity exists, and "legacy increase in production costs for firms, prices for consumers, value," when society values knowing that an environmental or other factors that can be readily monetized. amenity will be available to future generations (EPA, 2000, Measuring the benefits of environmental policy or mitiga- p.
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From page 165... ...
, the price is even further dis- our grandchildren's grandchildren. EPA suggests doing a connected from the actual WTP than the averting behavior sensitivity analysis on the discount rate itself, including a technique because there is no evidence that the homeowner presentation of a case with a zero discount rate, to address values quiet as highly as the cost of installing sound insulat- this problem.
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