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Rationality or Rationalism : The Positive and Normative Flaws of Cost-Benefit Analysis
Volokh, Alexander - 2012
Environmental, health, and safety advocates, say Richard Revesz and Michael Livermore, have been wrongly hostile to cost-benefit analysis because of a false belief that it is biased against regulation. The bias against regulation, while real, has been the artifact of historical accident - the...
Persistent link: https://www.econbiz.de/10013114982
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Limits to substitution between ecosystem services and manufactured goods and implications for social discounting
Drupp, Moritz A. - 2016 - This version: March 29, 2016
of substitution of two, which declines over time towards complementarity. We subsequently extend the theory of dual …
Persistent link: https://www.econbiz.de/10011446656
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Valuing the environment
Quah, Euston; Tan, Tsiat Siong - 2019
's degree of preference for the environment vis-à-vis other goods and services. This value measure serves to inform the decision …
Persistent link: https://www.econbiz.de/10012110280
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Income inequality and the international transfer of environmental values
Meya, Jasper; Drupp, Moritz A.; Hanley, Nick - 2018 - [Revised version]
environmental goods from a study to a policy site - a practice called value or benefit transfer. Specifically, we apply theory …
Persistent link: https://www.econbiz.de/10011881752
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Limits to Substitution between Ecosystem Services and Manufactured Goods and Implications for Social Discounting
Drupp, Moritz A. - 2016
of substitution of two, which declines over time towards complementarity. We subsequently extend the theory of dual …
Persistent link: https://www.econbiz.de/10014137803
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Philosophers and economists can agree on the intergenerational discount rate and climate policy paths
Nesje, Frikk; Drupp, Moritz A.; Freeman, Mark C.; … - 2022
the ethical issues that underpin long-term societal decision-making. This study compares expert economists' views on key … alternative ethical approaches to standard Utilitarian calculus. In the politicized world of long-term decision-making, this paper … nuanced decision-making today and lead to multidisciplinary support for climate action. …
Persistent link: https://www.econbiz.de/10013365181
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Sustainability, Limited Substitutability, and Non-Constant Social Discount Rates
Traeger, Christian P. - 2013
The paper shows how limited substitutability in consumption between different classes of goods affects the magnitude and time development of social discount rates. It decomposes the discount rates into an absolute growth and a relative growth or substitutability effect. The paper relates...
Persistent link: https://www.econbiz.de/10014169770
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Limited substitutability, relative price changes and the uplifting of public natural capital values
Drupp, Moritz A.; Turk, Zachary; Groom, Benjamin; … - 2024
While the global economy continues to grow, ecosystem services tend to stagnate or decline. Economic theory has shown … empirical evidence has been sparse to put theory into practice. To estimate the relative price change in ecosystem services that …
Persistent link: https://www.econbiz.de/10014551808
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Chapter 17 Contingent Valuation
Carson, Richard T.; Hanemann, W. Michael - In: Handbook of environmental economics : volume 2, Valuing …, (pp. 821-936). 2005
Value estimates for environmental goods can be obtained by either estimating preference parameters as revealed through behavior related to some aspect of the amenity or using stated information concerning preferences for the good. In the environmental economics literature the stated preference...
Persistent link: https://www.econbiz.de/10014023922
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Economic valuation of forest ecosystem services : methodology and monetary estimates
Chiabai, Aline; Travisi, C. M.; Ding, H.; Markandya, A.; … - 2009
By using ad hoc value transfer protocols, this paper offers a methodological contribution and provides accurate per hectare estimates of the economic value of some selected ecosystem services for all forest biomes in the world, identified following the Millennium Ecosystem Assessment taxonomy...
Persistent link: https://www.econbiz.de/10008809695