Cost benefit analysis of environmental change:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge <<[u.a.]>>
Cambridge Univ. Press
1993
|
| Subjects: | |
| Online Access: | Publisher description Table of contents Inhaltsverzeichnis |
| Physical Description: | XIV, 232 S. graph. Darst. |
| ISBN: | 0521443180 0521447925 |
Staff View
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Record in the Search Index
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| adam_text | Contents
List of figures page x
Preface xiii
1 Introduction 1
1.1 Scope of the study 1
1.2 Plan of the study 3
2 Some basic concepts 7
2.1 Households 7
2.2 Firms 9
2.3 Markets, general equilibrium and Pareto optimality 10
2.4 Public goods 11
2.5 The social welfare function 15
2.6 Some illustrations of social welfare functions 17
2.7 Concluding remarks 21
Appendix 21
3 Consumer surplus measures 24
3.1 Two money measures of utility change 24
3.2 On the properties of money measures 27
3.3 Environmental quality and market data 30
3.4 Complex changes 33
3.5 On path-dependency of money measures 38
Appendix 42
4 Valuing public goods: practical methodologies 46
4.1 The contingent valuation method 46
4.2 Closed-ended techniques 52
4.3 Utility functions and demand equations 55
4.4 The travel cost method 57
vii
viii Contents
4.5 Hedonic prices 59
4.6 A useful interpretation of WTP measures 62
5 General equilibrium cost-benefit rules 65
5.1 Producer surplus measures 66
5.2 General equilibrium cost-benefit rules 71
5.3 Assessing large projects 74
5.4 Some further interpretations 77
5.5 The treatment of taxes 81
5.6 Unemployed resources 84
Appendix 86
6 Cost-benefit rules, national income accounts and sustainable
development 90
6.1 An intertemporal model 90
6.2 Intertemporal cost-benefit rules 95
6.3 An illustration of a cost-benefit analysis 98
6.4 Natural resources 101
6.5 National accounts and sustainable development 104
Appendix 110
7 Valuation and aggregation: intragenerational and
intergenerational issues 113
7.1 The social welfare function 114
7.2 Project evaluations 115
7.3 Compensation tests 118
7.4 Pragmatic views on the aggregation problem 121
7.5 Discounting future generations: an infinite-horizon model 122
7.6 Overlapping-generations models 124
7.7 Future generations, transfers in kind, and impure
altruism 126
7.8 On the treatment of altruism in cost-benefit analysis 128
8 Cost-benefit rules in a risky world 133
8.1 Uncertain supply or quality of an environmental asset 134
8.2 Option value 139
8.3 A simple intertemporal extension 142
8.4 Assessing changes in future environmental quality 145
8.5 Some further notes on cost-benefit rules in a risky
world 147
Appendix A 150
Appendix B 153
Contents ix
9 Valuing changes in access conditions, health risks and
information 156
9.1 Access value 157
9.2 Valuing changes in health risks 158
9.3 Some further notes on the value of health changes 160
9.4 Valuing health benefits from air pollution abatement 163
9.5 The value of information and quasi-option values 167
9.6 Policy choices, time inconsistency and credibility 171
9.7 Irreversibility, uncertainty and the social profitability of
an investment 174
10 Empirical applications 178
10.1 A cost-benefit analysis of land reclamation 178
10.2 Preservation of fragile forests 180
10.3 Preservation of endangered species 183
10.4 Social cost of environmental quality regulations 189
10.5 The Brown-Hammack model for allocation of prairie
wetlands 192
10.6 Accounting for natural resource depletion 197
11 Policy instruments and international environmental problems 200
11.1 Policy instruments 200
11.2 International pollution 206
11.3 The acid rain game 209
Notes 214
References 217
Index 228
Figures
2.1 Willingness-to-pay curve for a public good page 13
2.2 Optimal provision (z*) of a pure public good 14
2.3 Social indifference curves 18
2.4 Lorenz curves 20
3.1 The compensating variation for a public good 26
3.2 The equivalent variation for a public good 27
3.3 Willingness-to-pay curves for initial and final utility levels 28
3.4 The monetary value of a change in the provision of a
public good 31
3.5 Compensating variations associated with changes in a
price, a ration and a public good 35
3.6 A utility maximizing and cost minimizing commodity
bundle 39
3.7 The path-dependency problem 40
4.1 Two money measures associated with a change in the
provision of z 47
4.2 A bid curve 53
4.3 The travel cost method 57
4.4 The property value method 61
4.5 Willingness to pay for a discrete commodity 64
5.1 Producer surplus measures 67
5.2 Two ways of calculating the change in producer surplus
when z is changed 69
5.3 Producer surplus as an area to the left of a derived demand
curve for a factor 70
5.4 Disequilibrium in a labour market 85
6.1 Illustration of the case in which willingness to pay for a
good is zero today but positive in some future period 93
6.2 Growth of a renewable resource 102
x
List of figures xi
6.3 Optimal pollution abatement 107
8.1 A willingness-to-pay locus 135
8.2 Willingness-to-pay loci for two households 138
8.3 The future demand for a commodity depends on the
stochastic variable z 144
8A.1 Attitudes to risk 150
9.1 The willingness to pay for changes in the provision of 2 166
9.2 The value of information to a firm 168
9.3 The time-inconsistency problem 173
10.1 Empirical survival functions for the binary ( Ayer ) and
continuous bid questions 182
10.2 The relationship between utility and the number of species
saved when the indirect utility function is concave in z for
low z-levels and convex in z for sufficiently high z-levels 187
11.1 The optimal levels of production (x*) and pollution
abatement (z*) when there is an emission charge re 202
11.2 A firm buying emission permits 203
11.3 A two-firm market for transferable emission permits 205
11.4 The non-cooperative (z 0 and co-operative (z*) solutions to
pollution abatement 207
|
| adam_txt |
Contents
List of figures page x
Preface xiii
1 Introduction 1
1.1 Scope of the study 1
1.2 Plan of the study 3
2 Some basic concepts 7
2.1 Households 7
2.2 Firms 9
2.3 Markets, general equilibrium and Pareto optimality 10
2.4 Public goods 11
2.5 The social welfare function 15
2.6 Some illustrations of social welfare functions 17
2.7 Concluding remarks 21
Appendix 21
3 Consumer surplus measures 24
3.1 Two money measures of utility change 24
3.2 On the properties of money measures 27
3.3 Environmental quality and market data 30
3.4 Complex changes 33
3.5 On path-dependency of money measures 38
Appendix 42
4 Valuing public goods: practical methodologies 46
4.1 The contingent valuation method 46
4.2 Closed-ended techniques 52
4.3 Utility functions and demand equations 55
4.4 The travel cost method 57
vii
viii Contents
4.5 Hedonic prices 59
4.6 A useful interpretation of WTP measures 62
5 General equilibrium cost-benefit rules 65
5.1 Producer surplus measures 66
5.2 General equilibrium cost-benefit rules 71
5.3 Assessing large projects 74
5.4 Some further interpretations 77
5.5 The treatment of taxes 81
5.6 Unemployed resources 84
Appendix 86
6 Cost-benefit rules, national income accounts and sustainable
development 90
6.1 An intertemporal model 90
6.2 Intertemporal cost-benefit rules 95
6.3 An illustration of a cost-benefit analysis 98
6.4 Natural resources 101
6.5 National accounts and sustainable development 104
Appendix 110
7 Valuation and aggregation: intragenerational and
intergenerational issues 113
7.1 The social welfare function 114
7.2 Project evaluations 115
7.3 Compensation tests 118
7.4 Pragmatic views on the aggregation problem 121
7.5 Discounting future generations: an infinite-horizon model 122
7.6 Overlapping-generations models 124
7.7 Future generations, transfers in kind, and impure
altruism 126
7.8 On the treatment of altruism in cost-benefit analysis 128
8 Cost-benefit rules in a risky world 133
8.1 Uncertain supply or quality of an environmental asset 134
8.2 Option value 139
8.3 A simple intertemporal extension 142
8.4 Assessing changes in future environmental quality 145
8.5 Some further notes on cost-benefit rules in a risky
world 147
Appendix A 150
Appendix B 153
Contents ix
9 Valuing changes in access conditions, health risks and
information 156
9.1 Access value 157
9.2 Valuing changes in health risks 158
9.3 Some further notes on the value of health changes 160
9.4 Valuing health benefits from air pollution abatement 163
9.5 The value of information and quasi-option values 167
9.6 Policy choices, time inconsistency and credibility 171
9.7 Irreversibility, uncertainty and the social profitability of
an investment 174
10 Empirical applications 178
10.1 A cost-benefit analysis of land reclamation 178
10.2 Preservation of fragile forests 180
10.3 Preservation of endangered species 183
10.4 Social cost of environmental quality regulations 189
10.5 The Brown-Hammack model for allocation of prairie
wetlands 192
10.6 Accounting for natural resource depletion 197
11 Policy instruments and international environmental problems 200
11.1 Policy instruments 200
11.2 International pollution 206
11.3 The acid rain game 209
Notes 214
References 217
Index 228
Figures
2.1 Willingness-to-pay curve for a public good page 13
2.2 Optimal provision (z*) of a pure public good 14
2.3 Social indifference curves 18
2.4 Lorenz curves 20
3.1 The compensating variation for a public good 26
3.2 The equivalent variation for a public good 27
3.3 Willingness-to-pay curves for initial and final utility levels 28
3.4 The monetary value of a change in the provision of a
public good 31
3.5 Compensating variations associated with changes in a
price, a ration and a public good 35
3.6 A utility maximizing and cost minimizing commodity
bundle 39
3.7 The path-dependency problem 40
4.1 Two money measures associated with a change in the
provision of z 47
4.2 A bid curve 53
4.3 The travel cost method 57
4.4 The property value method 61
4.5 Willingness to pay for a discrete commodity 64
5.1 Producer surplus measures 67
5.2 Two ways of calculating the change in producer surplus
when z is changed 69
5.3 Producer surplus as an area to the left of a derived demand
curve for a factor 70
5.4 Disequilibrium in a labour market 85
6.1 Illustration of the case in which willingness to pay for a
good is zero today but positive in some future period 93
6.2 Growth of a renewable resource 102
x
List of figures xi
6.3 Optimal pollution abatement 107
8.1 A willingness-to-pay locus 135
8.2 Willingness-to-pay loci for two households 138
8.3 The future demand for a commodity depends on the
stochastic variable z 144
8A.1 Attitudes to risk 150
9.1 The willingness to pay for changes in the provision of 2 166
9.2 The value of information to a firm 168
9.3 The time-inconsistency problem 173
10.1 Empirical survival functions for the binary ('Ayer') and
continuous bid questions 182
10.2 The relationship between utility and the number of species
saved when the indirect utility function is concave in z for
low z-levels and convex in z for sufficiently high z-levels 187
11.1 The optimal levels of production (x*) and pollution
abatement (z*) when there is an emission charge re 202
11.2 A firm buying emission permits 203
11.3 A two-firm market for transferable emission permits 205
11.4 The non-cooperative (z"0 and co-operative (z*) solutions to
pollution abatement 207 |
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| illustrated | Illustrated |
| index_date | 2024-07-02T22:33:38Z |
| indexdate | 2024-07-09T21:23:52Z |
| institution | BVB |
| isbn | 0521443180 0521447925 |
| language | English |
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| spelling | Johansson, Per-Olov 1949- Verfasser (DE-588)170076644 aut Cost benefit analysis of environmental change Per-Olov Johansson Cambridge <<[u.a.]>> Cambridge Univ. Press 1993 XIV, 232 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Umweltpolitik Environmental policy -- Cost effectiveness Umweltökonomie (DE-588)4061638-1 gnd rswk-swf Kosten-Nutzen-Analyse (DE-588)4032589-1 gnd rswk-swf Umweltschutz (DE-588)4061644-7 gnd rswk-swf Umweltökonomie (DE-588)4061638-1 s Kosten-Nutzen-Analyse (DE-588)4032589-1 s DE-604 Umweltschutz (DE-588)4061644-7 s 1\p DE-604 http://www.loc.gov/catdir/description/cam025/92038887.html Publisher description http://www.loc.gov/catdir/toc/cam021/92038887.html Table of contents HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016844635&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Johansson, Per-Olov 1949- Cost benefit analysis of environmental change Umweltpolitik Environmental policy -- Cost effectiveness Umweltökonomie (DE-588)4061638-1 gnd Kosten-Nutzen-Analyse (DE-588)4032589-1 gnd Umweltschutz (DE-588)4061644-7 gnd |
| subject_GND | (DE-588)4061638-1 (DE-588)4032589-1 (DE-588)4061644-7 |
| title | Cost benefit analysis of environmental change |
| title_auth | Cost benefit analysis of environmental change |
| title_exact_search | Cost benefit analysis of environmental change |
| title_exact_search_txtP | Cost benefit analysis of environmental change |
| title_full | Cost benefit analysis of environmental change Per-Olov Johansson |
| title_fullStr | Cost benefit analysis of environmental change Per-Olov Johansson |
| title_full_unstemmed | Cost benefit analysis of environmental change Per-Olov Johansson |
| title_short | Cost benefit analysis of environmental change |
| title_sort | cost benefit analysis of environmental change |
| topic | Umweltpolitik Environmental policy -- Cost effectiveness Umweltökonomie (DE-588)4061638-1 gnd Kosten-Nutzen-Analyse (DE-588)4032589-1 gnd Umweltschutz (DE-588)4061644-7 gnd |
| topic_facet | Umweltpolitik Environmental policy -- Cost effectiveness Umweltökonomie Kosten-Nutzen-Analyse Umweltschutz |
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