Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/39839
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dc.contributor.authorGraves, Philip E.en_US
dc.date.accessioned2010-08-26en_US
dc.date.accessioned2010-09-10T11:58:00Z-
dc.date.available2010-09-10T11:58:00Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/39839-
dc.description.abstractThere are many reasons to suspect that benefit-cost analysis applied to environmental policies will result in policy decisions that will reject those environmental policies. The important question, of course, is whether those rejections are based on proper science. The present paper explores sources of bias in the methods used to evaluate environmental policy in the United States, although most of the arguments translate immediately to decision-making in other countries. There are some 'big picture' considerations that have gone unrecognized, and there are numerous more minor, yet cumulatively important, technical details that point to potentially large biases against acceptance on benefit-cost grounds of environmental policies that have true marginal benefits greater than true marginal costs, both in net present value terms. It is hoped that the issues raised here will improve future conduct of benefit-cost analyses of environmental policies.en_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo working paper Resources and Environment |x3144en_US
dc.subject.jelC91en_US
dc.subject.jelD12en_US
dc.subject.jelD61en_US
dc.subject.jelD62en_US
dc.subject.jelD78en_US
dc.subject.jelD81en_US
dc.subject.jelH11en_US
dc.subject.jelH41en_US
dc.subject.jelH43en_US
dc.subject.jelQ20en_US
dc.subject.jelQ30en_US
dc.subject.jelQ51en_US
dc.subject.jelQ58en_US
dc.subject.ddc330en_US
dc.subject.keywordbenefit-cost analysisen_US
dc.subject.keywordenvironmental policyen_US
dc.subject.keyworddecision makingen_US
dc.subject.keywordchoice behavioren_US
dc.subject.keywordpublic goodsen_US
dc.subject.keywordwillingness-to-payen_US
dc.subject.keywordwillingness-to-accepten_US
dc.subject.keywordprecautionary principleen_US
dc.subject.keywordhedonic methodsen_US
dc.subject.keywordsum of specific damagesen_US
dc.subject.keywordhealth effects modelen_US
dc.subject.keywordenvironmental perceptionsen_US
dc.subject.stwUmweltpolitiken_US
dc.subject.stwKosten-Nutzen-Analyseen_US
dc.subject.stwEntscheidung bei Unsicherheiten_US
dc.subject.stwBiasen_US
dc.subject.stwUSAen_US
dc.titleBenefit-cost analysis of environmental projects: A plethora of systematic biasesen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn633977098en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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