Product Description: Putting a price tag on the environment is controversial. This book discusses ethical and political aspects of environmental cost-benefit analysis: why controversies must be expected, why they should be taken seriously, and how they can be handled in practice...read more

Kneese examines issues surrounding benefits assessment, including such tools as bidding games, surveys, property value studies, wage differentials, risk reduction evaluation, and mortality and morbidity cost estimation. He discusses methods for quantitatively estimating benefits derived from the maintenance or improvement of air and water quality. Suitable for undergraduate classroom use.