Basic Concepts and Common Valuation Errors in Cost-Benefit Analysis
The society has limited resources to meet several objectives such as economic growth, poverty alleviation and environmental protection. These objectives compete for resources and may conflict with each other. For example, economic growth may increase environmental degradation and environmental regulation may constrain growth. Therefore, every effort must be made to reconcile and synergize these diverse social objectives and to prioritize them as to allocate the limited resources among them in the most efficient way. Environmental economics provides us with the analytical tools to reconcile environmental protection with economic growth and other social objectives, and to protect and improve the environment without wasting scarce resources.
|Date of creation:||Jan 1997|
|Date of revision:||Jan 1997|
|Contact details of provider:|| Web page: http://www.eepsea.org|
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:eep:tpaper:sp199701t1. 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: (Arief Anshory yusuf)
If references are entirely missing, you can add them using this form.