"The Environment as a Commodity"
This paper addresses problems related to transferring market concepts to non-market domains.
This paper addresses problems related to transferring market concepts to non-market domains.
This essay explores three case studies that illustrate the exemplary use of economic analysis in environmental decision-making.
In his article, Edmundo Claro argues that in-kind compensation is more acceptable than monetary payments or no compensation because people tend to understand siting conflicts more as matters of justice rather than as matters of freedom or care.
This paper reports a Contingent Valuation application to estimate the non-market costs and benefits of hydro scheme developments in an Icelandic wilderness area.
The paper argues that ecological services are either too “lumpy” to price in incremental units (for example, climatic systems), priced competitively, or too cheap to meter. The paper considers counter-examples and objections.