ECN 437 Environmental and Resource Economics


A quick reference list of names and abbreviations.

CRTS Constant Returns to Scale 
CS Consumer Surplus 
DWL Deadweight Loss 
HH Households 
MB Marginal Benefit 
MC Marginal Cost 
MR Marginal Revenue 
PS Producer Surplus 
PV Present Value 
SS Social Surplus 
VSL Value of a Statistical Life 
VSLY Value of a Statistical Life Year 
W2A Willingness to Accept 
W2P Willingness to Pay 
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Peter J Wilcoxen, The Maxwell School, Syracuse University
Revised 10/25/2011