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Gains, Losses, and the US-EPA Economic Analyses Guidelines: A Hazardous Product?

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  • Jack Knetsch

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Abstract

While offering many useful suggestions to improve economic analyses, the Guidelines take no account of widely reported behavioural economics research findings. Foregoing the opportunities to improve valuations and other analyses offered by this evidence is likely to lead to inappropriate assessments and consequent distortions of damage estimates, policy and regulatory design. Copyright Springer 2005

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Bibliographic Info

Article provided by European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.

Volume (Year): 32 (2005)
Issue (Month): 1 (09)
Pages: 91-112

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Handle: RePEc:kap:enreec:v:32:y:2005:i:1:p:91-112

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Web page: http://www.springerlink.com/link.asp?id=100263

Related research

Keywords: endowment effect; WTA-WTP disparity; environmental valuations;

References

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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  1. repec:reg:wpaper:98 is not listed on IDEAS
  2. Arrow, Kenneth J. & Cropper, Maureen L. & Eads, George C. & Hahn, Robert W. & Lave, Lester B. & Noll, Roger G. & Portney, Paul R. & Russell, Milson & Schmalensee, Richard & Smith, V. Kerry & Stavins, , 1997. "Is there a role for benefit-cost analysis in environmental, health, and safety regulation?," Environment and Development Economics, Cambridge University Press, vol. 2(02), pages 195-221, May.
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Citations

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Cited by:
  1. Venkatachalam, L., 2008. "Behavioral economics for environmental policy," Ecological Economics, Elsevier, vol. 67(4), pages 640-645, November.
  2. Spash, Clive L. & Vatn, Arild, 2006. "Transferring environmental value estimates: Issues and alternatives," Ecological Economics, Elsevier, vol. 60(2), pages 379-388, December.
  3. Jette Jacobsen & John Boiesen & Bo Thorsen & Niels Strange, 2008. "What’s in a name? The use of quantitative measures versus ‘Iconised’ species when valuing biodiversity," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 39(3), pages 247-263, March.
  4. Glenn Bush & Nick Hanley & Mirko Moro & Daniel Rondeau, 2013. "Measuring the Local Costs of Conservation: A Provision Point Mechanism for Eliciting Willingness to Accept Compensation," Land Economics, University of Wisconsin Press, vol. 89(3), pages 490-513.
  5. Jun, Eunju & Kim, Wonjoon & Jeong, Yong Hoon & Chang, Soon-Heung, 2009. "Measuring the social value of nuclear energy using contingent valuation methodology," MPRA Paper 49668, University Library of Munich, Germany.
  6. Spash, Clive L., 2007. "Deliberative monetary valuation (DMV): Issues in combining economic and political processes to value environmental change," Ecological Economics, Elsevier, vol. 63(4), pages 690-699, September.
  7. Anthony Ryan & Clive L Spash, 2008. "Measuring “Awareness of Environmental Consequences”: Two Scales and Two Interpretations," Socio-Economics and the Environment in Discussion (SEED) Working Paper Series 2008-10, CSIRO Sustainable Ecosystems.
  8. John M. Gowdy, . "Valuing Nature For Climate Change Policy: From Discounting The Future To Truly Social Deliberation," Rensselaer Working Papers in Economics 1201, Rensselaer Polytechnic Institute, Department of Economics.
  9. Clive L Spash, 2009. "Social Ecological Economics," Socio-Economics and the Environment in Discussion (SEED) Working Paper Series 2009-08, CSIRO Sustainable Ecosystems.
  10. John Gowdy & Aneel Salman, 2007. "Climate Change and Economic Development: A Pragmatic Approach (Invited Lecture)," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 46(4), pages 337-350.
  11. Gowdy, John M., 2007. "Toward an experimental foundation for benefit-cost analysis," Ecological Economics, Elsevier, vol. 63(4), pages 649-655, September.
  12. Robert Sugden, 2005. "Coping with Preference Anomalies in Cost–Benefit Analysis: A Market-Simulation Approach," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 32(1), pages 129-160, 09.

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