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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
of substitution of two, which declines over time towards complementarity. We subsequently extend the theory of dual …
Persistent link: https://www.econbiz.de/10011446656
'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
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
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
of substitution of two, which declines over time towards complementarity. We subsequently extend the theory of dual …
Persistent link: https://www.econbiz.de/10014137803
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
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
substitutable with manufactured goods and often exhibit considerably lower growth rates. Theory has shown that we should either …
Persistent link: https://www.econbiz.de/10013168021
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