Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.ecolecon.2018.04.021 |
Distributional Weights in Environmental Valuation and Cost-benefit Analysis: Theory and Practice | |
Nurmi, Vaino1,2; Ahtiainen, Heini3 | |
2018-08-01 | |
发表期刊 | ECOLOGICAL ECONOMICS |
ISSN | 0921-8009 |
EISSN | 1873-6106 |
出版年 | 2018 |
卷号 | 150页码:217-228 |
文章类型 | Article |
语种 | 英语 |
国家 | Finland |
英文摘要 | Cost-benefit analysis (CBA) is built on the Kaldor-Hicks efficiency criterion whereby projects that have aggregate positive net benefits are recommended even if those who lose are not compensated for their losses. Two kinds of problems can be identified with the use of the criterion. First, as income tends to affect monetary welfare changes positively, the preferences of those with higher wealth have a larger weight in societal decision-making. Second, monetary welfare changes can be thought of as changes in real income, which matter more for those with a lower initial wealth level. Both problems can be mitigated with distributional weighting. Despite their strong theoretical pedigree, distributional weights have been largely neglected in practical CBAs, one exception being analyses in climate change economics. We present the theory of distributional weighting and illustrate how weights can be applied empirically in an international environmental CBA that deals with marine water quality improvements. We show that different weighting schemes can result in different policy recommendations. We also show that taking the income distribution within countries into account can change a country's willingness to participate in the water quality improvement program and that the income elasticity of willingness to pay (WTP) is an important indication of the direction of change. |
英文关键词 | Cost-benefit analysis Environmental valuation Distributional weighting Willingness to pay |
领域 | 资源环境 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000444364000019 |
WOS关键词 | WILLINGNESS-TO-PAY ; MARGINAL DAMAGE COSTS ; PUBLIC-GOODS ; INCOME ; ELASTICITIES ; DEMAND ; SEA |
WOS类目 | Ecology ; Economics ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Environmental Sciences & Ecology ; Business & Economics |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/15488 |
专题 | 资源环境科学 |
作者单位 | 1.Finnish Meteorol Inst, Socioecon Impacts Res, Erik Palmenin Aukio 1,POB 503, FI-00101 Helsinki, Finland; 2.Univ Helsinki, Dept Econ & Management, Helsinki, Finland; 3.Nat Resources Inst Finland Luke, Bioecon & Environm, Latokartanonkaari 9, FI-00790 Helsinki, Finland |
推荐引用方式 GB/T 7714 | Nurmi, Vaino,Ahtiainen, Heini. Distributional Weights in Environmental Valuation and Cost-benefit Analysis: Theory and Practice[J]. ECOLOGICAL ECONOMICS,2018,150:217-228. |
APA | Nurmi, Vaino,&Ahtiainen, Heini.(2018).Distributional Weights in Environmental Valuation and Cost-benefit Analysis: Theory and Practice.ECOLOGICAL ECONOMICS,150,217-228. |
MLA | Nurmi, Vaino,et al."Distributional Weights in Environmental Valuation and Cost-benefit Analysis: Theory and Practice".ECOLOGICAL ECONOMICS 150(2018):217-228. |
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