Vocabulary_List_for_Midterm_2 - Risk-averse Risk-neutral...

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Vocabulary List for Midterm 2 Chapter 5 Abatement cost Ambient damage function Emission damage function Marginal abatement costs Marginal damage function Threshold Total abatement cost Total damages Chapter 6 Benefit-cost ratio Cost-effectiveness analysis Discount rate Expected value Horizontal equity Present value Probability distribution Progressive programs and policies Proportional programs and policies Regressive programs and policies
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Unformatted text preview: Risk-averse Risk-neutral Sensitivity analysis Vertical equity Chapter 7 Consumer surplus Contingent valuation method Existence value Hedonic estimation Preventive or mitigating expenditures Producer surplus Surrogate markets Travel-cost approach Willingness to accept Chapter 8 No-cost improvements Opportunity costs Social opportunity costs...
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