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Author: Mark Sagoff
Publisher: Cambridge University Press
ISBN: 9780521545969
Category : Business & Economics
Languages : en
Pages : 298
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Book Description
Mark Sagoff has written an engaging and provocative book about the contribution economics can make to environmental policy. Sagoff argues that economics can be helpful in designing institutions and processes through which people can settle environmental disputes. However, he contends that economic analysis fails completely when it attempts to attach value to environmental goods. It fails because preference-satisfaction has no relation to any good. Economic valuation lacks data because preferences cannot be observed. Willingness to pay is benchmarked on market price and thus may reflect producer cost not consumer benefit. Moreover, economists cannot second-guess market outcomes because they have no better information than market participants. Mark Sagoff's conclusion is that environmental policy turns on principles that are best identified and applied through political processes. Written with verve and fluency, this book will be eagerly sought out by students and professionals in environmental policy as well as informed general readers.
Author: Mark Sagoff
Publisher: Cambridge University Press
ISBN: 9780521395663
Category : Law
Languages : en
Pages : 286
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Book Description
How can environmental conservation legislation be simultaneously sensitive to political reality and responsive to economic costs? This study addresses relevant government social policy from the perspective of ethical, cultural and political concerns.
Author: Frank Ackerman
Publisher:
ISBN: 9781565848504
Category : Business & Economics
Languages : en
Pages : 277
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Book Description
An economist and a law professor debunk the use of cost-benefit analysis in deciding whether human life and the environment are worth protecting. EPA estimates of the value of one human life: in 2000: $6.1 million. In 2002: $3.7 million. Is the price of human life going down? Does it cost any less to protect the natural world? There is no meaningful dollar price for life or nature, say economist Frank Ackerman and law professor Lisa Heinzerling in their critique of recent market-based assaults on health and environmental protection. Though cost-benefit analysis sounds like a reasonable way to gauge the extent to which we should regulate private industry, when applied to "priceless" concepts such as childhood disease or the value of a stable climate in years to come, the paradigm is misguided. Decisions such as removing arsenic from drinking water or weighing the risks of cell phone use while driving should not be left to back-room bean counters. Such issues call for informed public debate drawing on moral, philosophical, and societal considerations beyond market-based assessments. Debunking the overall concept of cost-benefit analysis and the fuzzy math behind it, Priceless is the first comprehensive rebuttal of a strategy at the heart of the current administration's anti-regulatory binge.
Author: Horst Siebert
Publisher: Springer Science & Business Media
ISBN: 9783540172833
Category : Environmental economics
Languages : en
Pages : 273
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Book Description
Author: Mark Sagoff
Publisher: Cambridge University Press
ISBN: 9780521545969
Category : Business & Economics
Languages : en
Pages : 298
Get Book Here
Book Description
Mark Sagoff has written an engaging and provocative book about the contribution economics can make to environmental policy. Sagoff argues that economics can be helpful in designing institutions and processes through which people can settle environmental disputes. However, he contends that economic analysis fails completely when it attempts to attach value to environmental goods. It fails because preference-satisfaction has no relation to any good. Economic valuation lacks data because preferences cannot be observed. Willingness to pay is benchmarked on market price and thus may reflect producer cost not consumer benefit. Moreover, economists cannot second-guess market outcomes because they have no better information than market participants. Mark Sagoff's conclusion is that environmental policy turns on principles that are best identified and applied through political processes. Written with verve and fluency, this book will be eagerly sought out by students and professionals in environmental policy as well as informed general readers.
Author: Henk Folmer
Publisher: Edward Elgar Publishing
ISBN: 9781840643817
Category : Environmental economics
Languages : en
Pages : 0
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Book Description
New edition of a text in which Folmer (Wageningen U. and Tilburg U.) and Gabel (INSEAD, France) present 22 contributions that offer both an introduction to the economic causes and consequences of environmental and resource problems and an assessment of recent developments in environmental policy instruments and corporate responses to environmental problems. The first part gives a broad overview of the misallocation problems in a market economy and analyzes the implications of policy and the problems involved in valuation. Subsequent articles provide further insights into topics such as international trade and environmental policy, social accounting, green taxation, waste management, and the relationship between economic growth and environmental quality. Annotation copyrighted by Book News, Inc., Portland, OR
Author: Richard L. Revesz
Publisher: Oxford University Press
ISBN: 0199768951
Category : Language Arts & Disciplines
Languages : en
Pages : 263
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Book Description
Written in a clear and non-technical manner, Retaking Rationality gives progressive groups and the public the tools they need both to understand and to engage in the debate over the economic analysis of environmental, public health, and safety regulation. Since the Reagan presidency, the most important regulations affecting every American have been required to pass a "cost-benefit" test, but most Americans-including many professionals working for progressive institutions or elected officials-do not understand how economic analysis works. The result is that industry and conservative ideologues have twisted economic analysis so that good regulations seem to fail the cost-benefit test. This book argues that the public, and progressive institutions, must take up the fight over how economic analysis is conducted, and gives them the knowledge they need to engage industry and conservatives about when and how economic analysis of regulation should be carried out.
Author: Nathaniel O. Keohane
Publisher: Island Press
ISBN: 1610916077
Category : Business & Economics
Languages : en
Pages : 328
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Book Description
"A clear grasp of economics is essential to understanding why environmental problems arise and how we can address them. ... Now thoroughly revised with updated information on current environmental policy and real-world examples of market-based instruments .... The authors provide a concise yet thorough introduction to the economic theory of environmental policy and natural resource management. They begin with an overview of environmental economics before exploring topics including cost-benefit analysis, market failures and successes, and economic growth and sustainability. Readers of the first edition will notice new analysis of cost estimation as well as specific market instruments, including municipal water pricing and waste disposal. Particular attention is paid to behavioral economics and cap-and-trade programs for carbon."--Publisher's web site.
Author: Steven Kelman
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 200
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Book Description
Sets forth in a straightforward and sensible way the philosophical reasons for the non-economist's skepticism of the economist's view of the world. Its relevance extends beyond environmental issues to other areas where microeconomic theory is being applied to public policy. Kelman cites results to confirm his view that both opponents and supporters of economic incentives have important philosophical concerns. He takes the role of an advocate of the use of incentives in formulating an environmental policy. He also discusses political strategy from the point of view of the policy entrepreneur who is trying to get ideas adopted. Economists and non-economists alike will welcome this book as a bridge over a perceptual gap in an important area of policymaking.
Author: Nick Hanley
Publisher: Edward Elgar Publishing
ISBN: 9781848444706
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
Cost-benefit analysis (CBA) is one of the most useful tools of applied economies for the social appraisal of public projects and government policies. This textbook shows how CBA can be applied to environmental policy choice and environmental resource management.
Author: Horst Siebert
Publisher: Lexington, Mass. ; Toronto : Lexington Books
ISBN:
Category : Science
Languages : en
Pages : 298
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Book Description
