Cost-Benefit Analysis and the Environment

Recent Developments

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This book presents an in-depth assessment of the most recent conceptual and methodological developments in cost-benefit analysis and the environment. It examines how costs and benefits are evaluated and given monetary value, how to take into account impacts on future generations and impacts of irreversible losses, and how to deal with equity and sustainability issues.

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Revealed Preference Methods for Valuing Non-market Impacts

Many impacts of projects and policies are of an intangible nature and are not traded in actual markets. In some cases, discussed in this chapter, non-market goods and services may be implicitly traded. In such instances, revealed preference methods can be used to “tease out” their values embedded in observed prices.

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