The social cost of carbon (SCC) quantifies the economic damage associated with emitting a ton of carbon dioxide into the atmosphere. Regulatory impact analyses from U.S. federal agencies utilize the ...
Welfare economics is the branch of economic thought concerned with how market outcomes and public policies affect social well-being. Its roots lie in the work of Pareto, who distinguished allocative ...
Welfare economics and public finance theory form the analytical backbone for evaluating the design, funding and distributional impacts of public policies. Welfare economics establishes criteria for ...