Tran, Ngoc BichLey, Eduardo2012-12-072012-12-072012-07https://hdl.handle.net/10986/11948"Getting the prices right" is a good starting point but is not sufficient for achieving environmentally efficient outcomes. Other policy interventions are often necessary to complement pricing policies. Moreover, when pricing is not at all feasible, regulatory and command-and-control policies must be used instead. This paper focuses on three interrelated themes at the core of the pricing problem. First, there is the incorporation of non-marketed activities with environmental consequences into aggregate measures of economic performance: the so-called "green-GDP." Second, there is the problem regarding the reliable estimation of the valuation of the shadow prices that properly reflect environmental externalities. Third, there is the issue of full-cost pricing that requires the pricing of environmental externalities for guiding both individual and public decision-making.en-USCC BY 3.0 IGOABATEMENTABATEMENT COSTSACCIDENT RISKACCIDENT RISKSACID RAINAESTHETIC VALUESAGGREGATE DEMANDAGGREGATE DEMAND CURVEAGRICULTURAL OUTPUTAGRICULTURAL SUBSIDIESAGRICULTUREAIRAIR POLLUTIONAIR QUALITYAIRCRAFTALTERNATIVE ENERGYBALANCE OF PAYMENTSBENEFIT ANALYSISBEQUEST VALUESCARBONCARBON EMISSIONSCLIMATE CHANGECOALCOASTAL WETLANDSCOMPETITIVE EQUILIBRIUMCOMPLIANCE COSTSCONCEPTUAL FRAMEWORKCONGESTIONCONSUMER PRICESCONSUMER SURPLUSCONSUMERSCONTINGENT VALUATIONCONTINGENT VALUATION METHODCOST BENEFIT ANALYSISCOST EFFECTIVENESSCOST-BENEFIT ANALYSESCOST-BENEFIT ANALYSISCOSTS OF TRAVELDEBTDECENTRALIZED DECISIONSDECISION TREEDEFORESTATIONDEMAND CURVESDEMAND FUNCTIONDEVELOPED COUNTRIESDEVELOPMENT ECONOMICSDEVELOPMENT POLICYDISTORTIONARY TAXESDOUBLE DIVIDENDDRINKING WATERDRINKING WATER QUALITYDRIVINGECONOMIC ACTIVITYECONOMIC ANALYSISECONOMIC EFFICIENCYECONOMIC GROWTHECONOMIC PERFORMANCEECONOMIC VALUEECONOMICSELECTRICITY GENERATIONEMISSIONEMISSION LEVELEMISSIONSEMISSIONS OF POLLUTANTSEMPIRICAL STUDIESENDANGERED SPECIESENERGY CONSUMPTIONENVIRONMENTALENVIRONMENTAL ACCOUNTINGENVIRONMENTAL BENEFITSENVIRONMENTAL COSTSENVIRONMENTAL DAMAGESENVIRONMENTAL DEGRADATIONENVIRONMENTAL ECONOMICSENVIRONMENTAL EXTERNALITIESENVIRONMENTAL GOODSENVIRONMENTAL IMPACTSENVIRONMENTAL IMPROVEMENTENVIRONMENTAL INFORMATIONENVIRONMENTAL ISSUESENVIRONMENTAL POLICYENVIRONMENTAL QUALITYENVIRONMENTAL RESOURCESENVIRONMENTAL RISKENVIRONMENTAL TAXENVIRONMENTAL TAXATIONENVIRONMENTAL TAXESEQUILIBRIUMEQUILIBRIUM ANALYSISEXCESS DEMANDEXISTENCE VALUEEXISTENCE VALUESEXPENDITUREEXPENDITURESEXTERNAL COSTSEXTERNALITIESEXTERNALITYFISHFISHERIESFISHERY MANAGEMENTFISHINGFORESTRYFOSSIL FUELFOSSIL FUELSFUEL CONSUMPTIONFUEL PRICEFUEL PRICE ELASTICITYFUEL SAVINGSFUEL SUBSIDIESGASOLINE TAXGDPGLOBAL CLIMATE CHANGEGREEN ACCOUNTINGGREENHOUSE GASGROWTH THEORYHEDONIC PRICEHEDONIC PRICINGHUMAN CAPITALINJURYINTANGIBLE GOODSINTRINSIC VALUELABOR MARKETLABOR MARKETSLAND ECONOMICSLAND USELESS DEVELOPED COUNTRIESLIVING STANDARDSLOGGINGMARGINAL ABATEMENTMARGINAL ABATEMENT COSTSMARGINAL COSTMARGINAL COSTSMARKET EQUILIBRIUMMARKET FAILURESMARKET INFORMATIONMARKET PRICEMARKET PRICESMARKET VALUEMONOPOLYMONOPOLY RENTSMOTOR FUELMOTOR FUELSNATIONAL INCOMENATURAL CAPITALNATURAL RESOURCESNDPNEGATIVE EXTERNALITIESNET DOMESTIC PRODUCTNEUTRAL TAX REFORMNOISE POLLUTIONNON-USE VALUESNONMARKET GOODNONMARKET GOODSOILOIL PRICESOPPORTUNITY COSTOPPORTUNITY COSTSPETROLEUM PRODUCTSPOLICY INSTRUMENTSPOLITICAL ECONOMYPOLLUTIONPOLLUTION EMISSIONSPOLLUTION TAXESPRICE CONTROLSPRICE DISTORTIONPRICE ELASTICITYPRICE MECHANISMPRICE POLICIESPRICE POLICYPRICING MECHANISMSPRICING POLICIESPRIVATE GOODSPRODUCERSPRODUCTION FUNCTIONPRODUCTION PATTERNSPROPERTY RIGHTSPUBLIC GOODPUBLIC GOODSPUBLIC TRANSPORTATIONPUBLIC TRANSPORTATION NETWORKRAILROADRAILROADSRANGELANDSREVENUE RECYCLINGRISK PREMIUMROADROAD TRAFFICROAD TRAFFIC NOISEROADSSAFETYSAFETY HELMETSSCIENTIFIC KNOWLEDGESHADOW PRICESHADOW PRICESSOCIAL PRICESSTOCKSSUBSTITUTESUBSTITUTESSUBSTITUTIONSUPPLY FUNCTIONSURPLUSESSURROGATE MARKETSSUSTAINABLE DEVELOPMENTTAX REFORMTAX SUBSIDYTAXES ON GASOLINETIMBERTOLLTOTAL ECONOMIC VALUETRADABLE PERMITSTRADEOFFSTRANSPARENCYTRANSPORTTRAVEL COST METHODTRAVEL COSTSTRAVEL TIMETRIPTRUEUNDERVALUATIONUSE VALUEVALUE ADDEDVEHICLEWAGESWASTE MANAGEMENTWATER POLLUTIONWEALTHWILLINGNESS TO ACCEPTWILLINGNESS TO PAYWTAWTPWorld Bank10.1596/1813-9450-6131