Advanced Search
MyIDEAS: Login to save this article or follow this journal

Cost-Benefit Analysis and Environmental Policy

Contents:

Author Info

  • Pearce, David

Abstract

The use of cost-benefit analysis (CBA) in British environmental policy has gone through several stages. Early applications of CBA tended to ignore environmental impacts altogether, leave them for a subsidiary "impact analysis", or provide only a partial monetization of impacts. Currently, CBA is the subject of renewed interest in government departments, in the Environment Agency, and among other agencies providing guidance and advice to government. While the amount of CBA being undertaken has increased, its influence on policy making is open to question. Obstacles remain. Much CBA is expensive and this means that "benefits transfer" is widely regarded as essential. Currently, however, the validity of much benefits transfer is questionable. Other problems arise from misunderstandings about the nature of economic values and the links to individuals' self interest, and from concerns that CBA results will "crowd out" flexibility in decision-making, especially the likely context of multiple political objectives over and above economic efficiency. None the less, CBA has begun to have influence in the setting of environmental taxes and alternative decision rules appear to suffer as many, if not more, shortcomings as those faced by CBA. Copyright 1998 by Oxford University Press.

Download Info

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Bibliographic Info

Article provided by Oxford University Press in its journal Oxford Review of Economic Policy.

Volume (Year): 14 (1998)
Issue (Month): 4 (Winter)
Pages: 84-100

as in new window
Handle: RePEc:oup:oxford:v:14:y:1998:i:4:p:84-100

Contact details of provider:
Web page: http://oxrep.oupjournals.org/

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Andrea MAIRATE & Francesco ANGELINI, 2006. "Cost-benefit analysis and EU cohesion policy," Departmental Working Papers 2006-34, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
  2. Ali DOUAI (GREThA), 2007. "Wealth, Well-being and Value(s): A Proposition of Structuring Concepts for a (real) Transdisciplinary Dialogue within Ecological Economics," Cahiers du GREThA 2007-18, Groupe de Recherche en Economie Théorique et Appliquée.
  3. Hanley, Nick & Mourato, Susana & Wright, Robert E, 2001. " Choice Modelling Approaches: A Superior Alternative for Environmental Valuation?," Journal of Economic Surveys, Wiley Blackwell, vol. 15(3), pages 435-62, July.
  4. Romina Cavatassi, 2004. "Valuation Methods for Environmental Benefits in Forestry and Watershed Investment Projects," Working Papers 04-01, Agricultural and Development Economics Division of the Food and Agriculture Organization of the United Nations (FAO - ESA).
  5. Måns Nilsson & Andrew Jordan & John Turnpenny & Julia Hertin & Björn Nykvist & Duncan Russel, 2008. "The use and non-use of policy appraisal tools in public policy making: an analysis of three European countries and the European Union," Policy Sciences, Springer, vol. 41(4), pages 335-355, December.
  6. Hofmann, Ekkehard & von Wangenheim, Georg, 2002. "Trade secrets versus Cost Benefit Analysis," International Review of Law and Economics, Elsevier, vol. 22(4), pages 511-526, December.
  7. Pannell, David J. & Roberts, Anna M. & Park, Geoff & Alexander, Jennifer, 2013. "Improving environmental decisions: A transaction-costs story," Ecological Economics, Elsevier, vol. 88(C), pages 244-252.
  8. Nguyen, Trung Thanh & Bauer, Siegfried & Uibrig, Holm, 2010. "Land privatization and afforestation incentive of rural farms in the Northern Uplands of Vietnam," Forest Policy and Economics, Elsevier, vol. 12(7), pages 518-526, September.
  9. Phaneuf, Daniel J. & Smith, V. Kerry, 2006. "Recreation Demand Models," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 15, pages 671-761 Elsevier.
  10. Vredin Johansson, Maria & Heldt, Tobias & Johansson, Per, 2006. "The effects of attitudes and personality traits on mode choice," Transportation Research Part A: Policy and Practice, Elsevier, vol. 40(6), pages 507-525, July.
  11. Öberg, Christina & Huge-Brodin, Maria & Björklund, Maria, 2012. "Applying a network level in environmental impact assessments," Journal of Business Research, Elsevier, vol. 65(2), pages 247-255.
  12. S. Scrieciu & Valerie Belton & Zaid Chalabi & Reinhard Mechler & Daniel Puig, 2014. "Advancing methodological thinking and practice for development-compatible climate policy planning," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 19(3), pages 261-288, March.
  13. Ian Bateman & Amii Harwood & David Abson & Barnaby Andrews & Andrew Crowe & Steve Dugdale & Carlo Fezzi & Jo Foden & David Hadley & Roy Haines-Young & Mark Hulme & Andreas Kontoleon & Paul Munday & Un, 2014. "Economic Analysis for the UK National Ecosystem Assessment: Synthesis and Scenario Valuation of Changes in Ecosystem Services," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 57(2), pages 273-297, February.
  14. Young-Chool Choi & Sang-Yeup Lee, 2006. "Estimating the Costs and Benefits of Local Government Reorganisation: A Case of Korea," ERSA conference papers ersa06p206, European Regional Science Association.
  15. Clark, Judy & Burgess, Jacquelin & Harrison, Carolyn M., 2000. ""I struggled with this money business": respondents' perspectives on contingent valuation," Ecological Economics, Elsevier, vol. 33(1), pages 45-62, April.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:oup:oxford:v:14:y:1998:i:4:p:84-100. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.