ation of important distributional issues by simply summing the costs and benefits of pollution reduction. Distributional considerations can be taken into account. They will affect the economically optimal level of pollution abatement in the example but not the fundamental concepts that the example illustrates.
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Appendix B: A Simple Diagrammatic Example of an Externality ."
Hidden Costs of Energy: Unpriced Consequences of Energy Production and Use . Washington, DC: The National Academies Press,
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