Do cost-benefit analyses favour environmentalists?
Working paper
Åpne
Permanent lenke
https://hdl.handle.net/11250/2672984Utgivelsesdato
1993-02Metadata
Vis full innførselSamlinger
- Discussion Papers [1002]
Sammendrag
Money and environmental quality units are considered as unit for aggregating willingness to pay. For those with a high willingness to pay for environmental quality, the choice of money as aggregation unit is most favourable. Arguments for either choice of aggregation unit are discussed, and I argue that none of them is convincing, and that both choices are equally natural. Thus in the choice between two equally natural procedures, the conventional choice favours a particular group. On the other hand, with no "correct" choice we cannot conclude that the conventional method is "biased".