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Kerry Krutilla and John D. Graham review economic methods for evaluating regulations affecting air pollution, energy use and climate risks. Their account links the development of regulatory impact assessment with the analytical choices made by researchers and public agencies.
The topics include estimating costs through engineering and economic models, valuing reductions in illness and premature mortality, pricing carbon emissions and choosing discounting methods. The book explains how these approaches address different parts of a regulatory decision and why their assumptions can matter for the resulting comparison of costs and benefits.
Distributional effects and uncertainty receive attention alongside aggregate measures. The authors consider the strengths and limitations of current research, connecting technical methods with the practical demands of assessment. The result is a scholarly introduction for readers interested in how economic evidence is organized and interpreted when evaluating environmental and energy regulations.
Kerry Krutilla; John D. Graham. Benefit-Cost Analysis of Air Pollution, Energy, and Climate Regulations. Cambridge University Press, 2023. https://doi.org/10.1017/9781009189460. Licensed CC BY-NC-ND 4.0; the unchanged original edition and its required notices are retained.