Details

Environmental Economics


Environmental Economics

A Critique of Benefit-Cost Analysis

von: Philip E. Graves

29,99 €

Verlag: Rowman & Littlefield Publishers
Format: EPUB
Veröffentl.: 09.04.2007
ISBN/EAN: 9780742578470
Sprache: englisch
Anzahl Seiten: 198

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Beschreibungen

For the past 25 years, governmental decision-makers have employed the economic approach of benefit-cost analysis for resource allocation decisions. Environmental Economics describes, in a non-technical, readily understandable way, why the actual practice of benefit-cost analysis in environmental settings is heavily biased against the environment. The book provides environmentalists with the tools necessary to show policy-makers that pursuing many policies with apparent costs greater than benefits are, in fact, welfare enhancing.
Environmental Economics: A Critique of Benefit-Cost Analysis describes, in a non-technical, readily understandable way, why the practice of benefit-cost analysis in environmental settings is heavily biased against the environment. The book provides environmentalists with the tools necessary to show policy-makers that pursuing many policies with apparent costs greater than benefits are, in fact, welfare-enhancing.
Part 1 Part I: Economics Background—Why Economists Like Benefit-Cost Analysis
<br>Chapter 2 1 Introductory Matters of Logic and Philosophy
<br>Chapter 3 2 Why Economists Like Market Outcomes for Ordinary Goods
<br>Chapter 4 3 Benefit-Cost Analysis when Information Is "Perfect": The Role of Time in Environmental Economic Decisions
<br>Part 5 Part II: "Missing Markets": Externalities, Public Goods, and Property Rights
<br>Chapter 6 4 Externalities as "Missing Markets"
<br>Chapter 7 5 Public Goods as "Missing Markets"
<br>Chapter 8 6 Property Rights as a Potential Solution to Environmental Problems
<br>Part 9 Part III: Important Theoretical Problems with Implementing Benefit-Cost Analysis
<br>Chapter 10 7 The Well-Known "Demand Revelation" Problem Out of a Given Income
<br>Chapter 11 8 A Less-Well-Known "Supply Revelation" Problem
<br>Part 12 Part IV: Practical Problems with the Implementation of Benefit-Cost Analysis
<br>Chapter 13 9 Approaches to Estimating the Costs of Environmental Control Policies
<br>Chapter 14 10 Overview of Approaches to the Valuation of Benefits of Environmental Policies
<br>Chapter 15 11 Voting as a Way to Infer Environmental Benefits
<br>Chapter 16 12 Constructed Markets: Stated Preferences and Experiments to Infer Environmental Benefits
<br>Chapter 17 13 The Sum of Specific Damages Approach
<br>Chapter 18 14 Hedonic Methods of Valuing Environmental Amenities
<br>Chapter 19 15 Travel Cost Method of Valuing Environmental Amenities
<br>Chapter 20 16 Political and Jurisdictional Problems
<br>Part 21 Epilogue
Philip E. Graves is professor of economics at the University of Colorado, Boulder. He has been teaching environmental economics for thirty years and is the co-author of The Economics of Environmental Quality (Norton, 1986) and Intermediate Microeconomics (Harcourt, 1988).

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