@article{Dunn:57863,
      recid = {57863},
      author = {Dunn, Peter and Schilizzi, Steven},
      title = {Valuation of public environmental assets by private  companies: optimal dust abatement and air quality},
      address = {2003-02},
      number = {414-2016-26117},
      pages = {20},
      year = {2003},
      abstract = {This study investigates a new problem in the area of  environmental valuation: how much
is a public environmental  asset worth to a private company? We ask this question in  the
context of dust abatement, where the asset is air  quality. A company wants to know what
level of dust  abatement is optimal, given the engineering costs of  abating and the social
costs of not abating. We show that  the optimal point for the company lies in between  the
textbook cases of so-called private optimum and social  optimum, which constitute,
respectively, a lower and an  upper bound for dust abatement. We calculate the  upper
bound and provide elements for the calculation of the  lower bound.},
      url = {http://ageconsearch.umn.edu/record/57863},
      doi = {https://doi.org/10.22004/ag.econ.57863},
}