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Cost Benefit Rules when Nature Counts

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  • Johansson-Stenman, Olof

    ()
    (Department of Economics, School of Business, Economics and Law, Göteborg University)

Abstract

This paper analyses normative implications of relaxing the conventional welfare economics assumptions anthropocentrism and welfarism, i.e. that only human well-being counts intrinsically, combined with various types of non-selfish individual preferences. Social decision rules are derived for the optimum provision of a public good (environmental quality). It is shown that in several cases analysed, the basic Samuelson rule still holds, in terms of aggregate marginal willingness to pay.

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File URL: http://hdl.handle.net/2077/2724
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Bibliographic Info

Paper provided by University of Gothenburg, Department of Economics in its series Working Papers in Economics with number 198.

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Length: 30 pages
Date of creation: 03 Mar 2006
Date of revision: 09 May 2006
Handle: RePEc:hhs:gunwpe:0198

Contact details of provider:
Postal: Department of Economics, School of Business, Economics and Law, University of Gothenburg, Box 640, SE 405 30 GÖTEBORG, Sweden
Phone: 031-773 10 00
Web page: http://www.handels.gu.se/econ/
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Related research

Keywords: Altruism; welfarism; anthropocentrism; cost-benefit analysis; public good provision; social preferences; conditional cooperation;

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Cited by:
  1. Davidson, Marc D., 2013. "On the relation between ecosystem services, intrinsic value, existence value and economic valuation," Ecological Economics, Elsevier, vol. 95(C), pages 171-177.

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