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Methodological Ethics in the Evaluation of Non-Market Goods Allocations

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  • Milon, J. Walter

Abstract

The ethical basis for economic evaluations of alternative nonmarket goods allocations is examined in terms of the treatment of property rights and intergenerational effects. The author argues that the theoretical and empirical conventions commonly adopted by resource economists are ethically biased and these ethical issues are worthy of more extensive debate.

Suggested Citation

  • Milon, J. Walter, 1981. "Methodological Ethics in the Evaluation of Non-Market Goods Allocations," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279267, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea81:279267
    DOI: 10.22004/ag.econ.279267
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    References listed on IDEAS

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    1. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
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    5. Krutilla, John V., 1981. "Reflections of an applied welfare economist : Presidential Address Presented at the Annual Meeting of the Association of Environmental and Resource Economists September 6, 1980, Denver, Colorado," Journal of Environmental Economics and Management, Elsevier, vol. 8(1), pages 1-10, March.
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    7. V. Kerry Smith & John V. Krutilla, 1979. "Endangered Species, Irreversibilities, and Uncertainty: A Comment," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(2), pages 371-375.
    8. Harberger, Arnold C, 1971. "Three Basic Postulates for Applied Welfare Economics: An Interpretive Essay," Journal of Economic Literature, American Economic Association, vol. 9(3), pages 785-797, September.
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