Which compensation for whom ?
This paper examines a situation where a decision-maker determines the appropriate compensation that should be implemented for a given ecological damage. The compensation can be either or both in monetary and environmental units to meet three goals : i) no aggregate welfare loss, ii) minimization of the cost associated with the compensation, iii) minimal environmental compensation requirement. The findings suggest that - in some cases - providing both monetary and environmental compensation can be the best option. We also emphasize the impact of implementing a minimal environmental compensation constraint especially in terms of equity and cost efficiency.
|Date of creation:||Nov 2012|
|Publication status:||Published in Documents de travail du Centre d'Economie de la Sorbonne 2012.80 - ISSN : 1955-611X. 2012|
|Note:||View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00768884|
|Contact details of provider:|| Web page: https://hal.archives-ouvertes.fr/|
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