Environmental Economics A Critique of Benefit-Cost Analysis

Name: Environmental Economics A Critique of Benefit-Cost Analysis
Availability: InStock
ISBN: 9780742546981

ISBN-10: 0742546985

ISBN-13: 9780742546981

Edition: 2007

Authors: Philip E. Graves

List price: $121.00

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Description:

Benefit-Cost Analysis for Environmentalists 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.

Book details

List price: $121.00
Copyright year: 2007
Publisher: Rowman & Littlefield Publishers, Incorporated
Publication date: 4/9/2007
Binding: Hardcover
Pages: 198
Size: 6.32" wide x 9.36" long x 0.79" tall
Weight: 0.946
Language: English



Acknowledgments



Economics Background-Why Economists Like Benefit-Cost Analysis



Introductory Matters of Logic and Philosophy



Why Economists Like Market Outcomes for Ordinary Goods



Benefit-Cost Analysis when Information Is "Perfect": The Role of Time in Environmental Economic Decisions



"Missing Markets": Externalities, Public Goods, and Property Rights



Externalities as Missing Markets



Public Goods as Missing Markets



Property Rights as a Potential Solution to Environmental Problems



Important Theoretical Problems with Implementing Benefit-Cost Analysis



The Well-Known "Demand Revelation" Problem Out of a Given Income



A Less-Well-Known "Supply Revelation" Problem



Practical Problems with the Implementation of Benefit-Cost Analysis



Approaches to Estimating the Costs of Environmental Control Policies



Overview of Approaches to the Valuation of Benefits of Environmental Policies



Voting as a Way to Confer Environmental Benefits



Constructed Markets: Stated Preferences and Experiments to Infer Environmental Benefits



The Sum-of-Specific-Damages Approach



Hedonic Methods of Valuing Environmental Amenities



Travel Cost Method of Valuing Environmental Amenities



Political and Jurisdictional Problems



Epilogue


Index


About the Author