Environmental Economics: a survey. Journal of Economic Literature 30(2): 675-740.

Abstract

Both authors are members of the Department of Economics, Uniuer- sity of Maryland, and are Fellows at Resources for the Future. We are grateful for many valuable comments on earlier drafts of this paper to a host of economists: Nancy Bockstael, Gardner Brown, Richard Carson, John Cumberland, Diane DeWitt, Anthony Fisher, A. Myrick Freeman, Tom Grigalunas, Winston Harrington, Robert Hahn, Charles Howe, Dale Jorgenson, Charles Kolstad, Ray Kopp, Allen Kneese, Alan Krupnick, Randolph Lyon, Ted McConnell, Albert McGartland, Robert Mitchell, Arun Malik, Roger Noll, Raymond Palmquist, John Pezzey, Paul Portney, V. Kery Smith, Tom Tieten- berg, and James Tobey. Finally, we want to thank Jonathan Dunn, Joy Hall, Dan Mussatti, and Rene Worley for their assistance in the preparation of the manuscript.