Advanced Search
MyIDEAS: Login to save this paper or follow this series

Resource Economists Should Do More Cost Analysis and Less Benefit Analysis

Contents:

Author Info

  • Daniel McKenney

    ()
    (Canadian Forest Service, Forest Resource Economics Section)

Registered author(s):

    Abstract

    In this paper I argue that Resource and Environmental economists are doing a disproportionate level of nonmarket valuation, "demand" or benefit estimation research, relative to what one could loosely call "supply" or cost analysis. By nonmarket valuation I mean deriving willingness-to-pay (WTP) values for unpriced goods and services. By cost analysis I mean economically oriented trade-off analyses e.g. estimating potential opportunity costs of managing forests to provide these goods and services. The first part of the paper reviews the basis of my skepticism of nonmarket valuation. The second part of the paper identifies why I believe cost analysis is a challenge, particularly in the context of ecological sustainability, and provides some examples of such work.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://een.anu.edu.au/download_files/eep9801.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Australian National University, Centre for Resource and Environmental Studies, Ecological Economics Program in its series Working Papers in Ecological Economics with number 9801.

    as in new window
    Length:
    Date of creation: Feb 1998
    Date of revision:
    Handle: RePEc:anu:wpieep:9801

    Contact details of provider:
    Web page: http://incres.anu.edu.au/EEP/wp.html

    Related research

    Keywords:

    This paper has been announced in the following NEP Reports:

    References

    References listed on IDEAS
    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.:
    as in new window
    1. Hyde, William F., 1989. "Marginal Costs of Managing Endangered Species:The Case of the Red-Cockaded Woodpecker," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, issue 2.
    2. Vatn Arild & Bromley Daniel W., 1994. "Choices without Prices without Apologies," Journal of Environmental Economics and Management, Elsevier, vol. 26(2), pages 129-148, March.
    3. R.K. Blamey & Mick S. Common & John C. Quiggin, 1995. "Respondents To Contingent Valuation Surveys: Consumers Or Citizens?," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 39(3), pages 263-288, December.
    4. Lunney, Daniel & Pressey, Bob & Archer, Michael & Hand, Suzanne & Godthelp, Henk & Curtin, Alison, 1997. "Integrating ecology and economics: Illustrating the need to resolve the conflicts of space and time," Ecological Economics, Elsevier, vol. 23(2), pages 135-143, November.
    5. Common, Mick & Perrings, Charles, 1992. "Towards an ecological economics of sustainability," Ecological Economics, Elsevier, vol. 6(1), pages 7-34, July.
    6. Heather MacDonald & Daniel W. McKenney & Vince Nealis, 1997. "A Bug Is a Bug Is a Bug: Symbolic Responses to Contingent Valuation Questions about Forest Pest control programs?," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 45(2), pages 145-163, 07.
    7. Montgomery Claire A. & Brown Jr. , Gardner M. & Adams Darius M., 1994. "The Marginal Cost of Species Preservation: The Northern Spotted Owl," Journal of Environmental Economics and Management, Elsevier, vol. 26(2), pages 111-128, March.
    8. Daniel A. Haqen & James W. Vincent & Patrick G. Welle, 1992. "Benefits Of Preserving Old-Growth Forests And The Spotted Owl," Contemporary Economic Policy, Western Economic Association International, vol. 10(2), pages 13-26, 04.
    9. M.S. Common & R.K. Blamey & T.W. Norton, 1993. "Sustainability and Environmental Valuation," Environmental Values, White Horse Press, vol. 2(4), pages 299-334, November.
    10. Mark Sagoff, 1994. "Should Preferences Count?," Land Economics, University of Wisconsin Press, vol. 70(2), pages 127-144.
    Full references (including those not matched with items on IDEAS)

    Citations

    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:anu:wpieep:9801. 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: (Jack Pezzey).

    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.