Conventional wisdom holds that optimal abatement subsidy rates should be differentiated across firms according to the (actual or imputed) marginal damages created by a firm’s emissions. When subsidy rates are developed under a limited budget, we find they may be optimally differentiated to...

This paper compares the performance of four approaches to calculating confidence intervals around dichotomous choice contingent valuation method (DC CVM) benefit estimates. The performance of the approaches is compared using Monte Carlo simulation techniques for the two most common...