A Ban on Fracking. New York recently banned a technique known as “fracking” where fluids are injected into wells in order to produce more natural gas. The reason given for banning fracking was that it...

A Ban on Fracking. New York recently banned a technique known as “fracking” where fluids are injected into wells in order to produce more natural gas. The reason given for banning fracking was that it caused environmental damage. How would you go about trying to measure whether this ban increased or decreased economic welfare?