Helm, Carsten; Bruckner, Thomas; Tóth, Ferenc - In: International Journal of Social Economics 26 (1999) 7/8/9, pp. 974-1021
In this paper, we critically review cost‐benefit analysis, cost‐effectiveness analysis and the guard‐rail approach as decision‐support tools for the choice of climate protection strategies. Our main focus is on the central role of value judgments, which arise from the need to value;...
