Environmental Cost-Benefit Analysis
1) Briefly describe the economic concepts that are the basis of the topics. Define key terms, including relevant economic and/or econometric models, and explain how the concepts are relevant to environmental decision-making. Cite as appropriate.
2) Summarize the main topic of the article, the argument made and the conclusions reached. Describe the article’s application to environmental and natural resource economics. Cite as appropriate.
3) Assess the validity of the author’s conclusions or research performed. Does the article represent a valid interpretation and application of the concepts?
Implications: Assess the implications of the article for other related areas of environmental decision-making.
References:
Provide the full references for any works cited. Make sure to consult the Turabian (2018) 9th ed. Manual Author-Date style to cite and list the references correctly.