Book Reviews

Abstract

Art Fraas, Randall Lutter of Resources for the Future reviews, “Using Marginal Damages in Environmental Policy: A Study of Air Pollution in the United States” by Nicholas Z. Muller and Robert Mendelsohn. The Econlit abstract of this book begins: “Considers the opportunity to improve its air pollution regulatory regime in the United States by reforming its current regulations to be more economically efficient. Discusses the theory of environmental regulation; air quality modeling; modeling air pollution impacts; calculating the marginal damages of air pollution; statistical uncertainty; a case study of efficient pollution control—sulfur dioxide emissions from coal-fired electric power generators; setting regulatory priorities using net marginal damages; the gross external damages from air pollution in the United States; the gross external damages from air pollution by sector; and green accounting, including air pollution damages in national accounts. Muller is Assistant Professor in the Department of Economics and the Environmental Studies Program at Middlebury College. Mendelsohn is Edwin Weyerhaeuser Davis Professor at Yale University.”