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Two different approaches are introduced and compared: The first is a cost-benefit analysis, examining the case of re-regulating a Swedish hydropower plant in which water is diverted from electricity generation to the downstream dryway.
This book develops a simple general equilibrium model of a small open economy which is used to derive a cost-benefit rule for assessing projects that divert water from electricity generation to recreational and other uses (or vice versa). Case study included.
This advanced text in welfare economics provides a comprehensive survey of developments in the theory of measurement of welfare, and then applies this theory to environmental economics.
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