Environmental Values Environmental Values
Environmental Values 12(2003): 449-470. 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.
KEYWORDS: Environmental policy, cost-benefit analysis
This article is available online (PDF format) from Ingenta Journals. Access is free if your institution subscribes to Environmental Values. Reprints of this article can be ordered from ingenta or the British Library
Contact the publishers for subscriptions and back numbers of Environmental Values.
THE WHITE HORSE PRESS
1 Strond
ISLE OF HARRIS HS5 3UD, UK
Tel: +44 1859 520204