Sagoff, Mark. “Cows are Better than Condos, or How Economists Help Solve Environmental Problems.” Environmental Values 12, no. 4 (2003): 449–70. doi:10.3197/096327103129341405.
This essay explores three case studies that illustrate the exemplary use of economic analysis in environmental decision-making. These include: 1) the creation of a market in tradable grazing rights in the American West; 2) a cost analysis that facilitated a negotiated rulemaking at a power plant in Arizona; and 3) a conception of production-based pollution allowances that led to an agreement for regulating Intel microprocessor production plants. The paper argues that cost-benefit analysis may be less useful than other kinds of economic analysis that can guide and inform rather than judge and second-guess the outcome of negotiated and collaborative decision-making.
— Text from The White Horse Press website
All rights reserved. © 2003 The White Horse Press