Abstract
This article develops a regional economic model relevant to the siting of energy facilities. It considers the constraints on information inherent in any effort to incorporate both environmental and economic values in economic analysis. After developing a model that recognizes these constraints, the model is then applied to a particular case: the evaluation of potential petroleum developments in Washington State. The model can compare national benefits with any regional losses and allow decision makers to consider compensatory arrangements. 18 references, 2 figures, 2 tables.
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