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Who gets what in environmental policy?

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  • Wolfson, Dirk J.

Abstract

This paper shows how anticipated impacts of environmental projects and policies can be valued in terms of money as a common denominator, and costs and benefits assigned in an acceptable distribution. To that effect, a new mechanism design of situational contracting is introduced that generates information on willingness and ability to pay or to cooperate, in a realization-focused capability approach to fairness. The situational contract reveals preferences and merit considerations of the relevant stakeholders and deals with market failure in a structured combination of political guidance, expert opinions and co-production.

Suggested Citation

  • Wolfson, Dirk J., 2014. "Who gets what in environmental policy?," Ecological Economics, Elsevier, vol. 102(C), pages 8-14.
    • Handle: RePEc:eee:ecolec:v:102:y:2014:i:c:p:8-14
    DOI: 10.1016/j.ecolecon.2014.03.003
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