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The Ethics and Politics of Environmental Cost-Benefit Analysis.
Putting a price tag on the environment is controversial. The aim of this book is to discuss some of the ethical and political issues arising in the context of applied cost-benefit analysis and environmental valuation - and to do so using economic analysis, but in a language accessible to non-special...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Hoboken :
Taylor and Francis,
2012.
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| Colección: | Routledge explorations in environmental economics.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Front Cover; The Ethics and Politics of Environmental Cost-Benefit Analysis; Copyright Page; Contents; Preface; Part I: Basics; 1. Introduction; Aim of this book; Cost-benefit analysis: background; 2. The purpose of a project analysis; Purpose A: Ranking; Purpose B: Providing background information; 3. Types of analysis; Cost-effectiveness analysis; Cost-impact analysis; Type of analysis, aim of analysis; 4. Efficiency; Separating efficiency and distribution; The Pareto criterion; Potential Pareto improvements and the Hicks-Kaldor criterion; The social welfare criterion.
- Part II: Measurement of utility and welfare5. Utility; What is utility?; Can individual environmental benefits be valued in money?; Can individual net benefits be measured in money?; 6. Social welfare; What is social welfare?; Welfarism; Do aggregate net benefits measure social welfare change?; On welfare weights: ethics; On welfare weights: the marginal utility of income; 7. Equal welfare weights; On systematic bias; Optimal income distribution; Modest distributional effects; Efficiency, not distribution; 8. Benefits measured in environmental units; 9. Disagreement.
- Subjective welfare judgmentsSubjective utility comparisons; 10. Willingness to pay for the social good; The citizen and consumer perspectives; Social values; Measuring political support; 11. The main message so far; Part III: CBA and democratic decision-making; 12. Democratic decision-making; The decision-making process; CBA and majority voting; Consumer sovereignty; Criteria for democratic decision-making; 13. Sufficient background information; Drowning in details?; Aggregate net willingness to pay; Information about project costs; Willingness to pay for environmental change.
- Willingness to pay by groupsPhysical unit environmental information; If you had to choose: valuation or not?; Summing up: sufficient background information; 14. Indicators; Aggregate net benefits as an indicator; 15. Politicians' attitudes to CBA; Listening to politicians; Did they use CBA?; Is CBA politically neutral?; Part IV: Recommendations; 16. What to do?; Question 1: What precisely do we want to know?; Question 2: Cost-benefitor cost-impact?; Question 3: How much to value?; Question 4: Should one use explicit welfare weights?
- Question 5: Should economic analysis be eschewed altogether?Question 6: But how can we know which project is best?; 17. Concluding remarks; Notes; References; Index.