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Baltimore, MD: Resources for the Future / Johns Hopkins University Press.
In such cases, reducing subsidies can increase efficiency and improve environmental quality.
The Journal of Law and Economics 31(1 203-226.
A job is a bundle of characteristics, including its wage, responsibilities, and risk, among others factors.
Also, if individuals perceptions of risk do not correspond with actual risks, then the marginal implicit price of risk calculated from a hedonic wage study will be biased, and imperfections in labor markets (less than perfect mobility) can cause further problems.Journal of Environmental Economics and Management.For example, an individual may value a change in an environmental good because she wants to preserve the good for her heirs (bequest value).Lanham, MD: Rowman and Littlefield Publishers, Inc., 79-99.

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Cambridge, MA: John.
Toxic Release Information: A Policy Tool for Environmental Protection.6 Many of the issues that arise with the hedonic property value method have parallels here.Washington, DC: World Bank.Exclusionary Manipulation of Markets for Pollution Rights.Journal of Environmental Economics and Management 17, 247-265.

One important criterion is costeffectiveness, defined as the allocation of control among sources that results in the aggregate target being achieved at the lowest possible cost, that is, the allocation which satisfies the following costminimization problem: min C ri N c (r ).
Report of the noaa Panel on Contingent Valuation.