Cost-Benefit Analysis and the Environment

Atkinson, Giles; Mourato, Susana

doi:10.1787/5jrp6w76tstg-en

Cited by 11 publications

(6 citation statements)

References 171 publications

(188 reference statements)

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“…There is obviously a long tradition in environmental and resource economics of measuring the environmental impact of various policy alternatives in a cost-benefit analysis (cf. Pearce et al 2006, Atkinson & Mourato 2015, Atkinson et al 2018. The measurement of benefits may take place directly at the level of affected individuals and possibly through their involvement, such as via surveys in a contingent valuation analysis or hypothetical choices in a conjoint analysis.…”

Section: Consumer Welfarementioning

confidence: 99%

“…Then it is questionable whether this represents a better reflection of their welfare than a conjoint analysis or a hypothetical choice experiment where relevant features of the different choices are described in sufficient detail. This discussion taps into a large literature in behavioral economics and welfare analysis that tries to distinguish between what Bernheim & Rangel (2008) called purely ancillary conditions of choices, which may affect behavior but should not be welfare-relevant characteristics, and context that is needed to reveal preferences (see the detailed discussion of practical methods by Atkinson & Mourato 2015). Inderst & Thomas (2021) embed this into the legal antitrust context.…”

Section: Benefits Versus Willingness To Paymentioning

confidence: 99%

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Competition Policy and the Environment

Inderst

Thomas

2023

Annu. Rev. Resour. Econ.

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Traditionally, competition law and practice serve to preserve competition, with a focus on the maximization of consumer welfare. This has been criticized as conflicting with society's overarching goal of achieving greater (environmental) sustainability. Consequently, various jurisdictions have recently reformed their laws and guidance allowing them to account for sustainability benefits in the assessment of cooperation between competitors, with potentially considerable implications for how firms can jointly develop and introduce more sustainable technologies and products. This has opened a new research frontier in the long-standing tradition of marrying the theory of industrial organization with the field of environmental and resource economics. The consideration of sustainability benefits in competition analysis also requires both the transfer and adaptation of measurement techniques. We summarize recent developments and sketch potential research opportunities. Expected final online publication date for the Annual Review of Resource Economics, Volume 15 is October 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.

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Section: Consumer Welfarementioning

confidence: 99%

Section: Benefits Versus Willingness To Paymentioning

confidence: 99%

Competition Policy and the Environment

Inderst

Thomas

2023

Annu. Rev. Resour. Econ.

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“…Wellbeing can be disentangled into five dimensions related to the fulfilment of a certain set of psychological, material and social needs (i.e., the objective dimension), individuals' degree of freedom and resources to meet their desires (i.e., the preference satisfaction dimension), individuals' realization of their own potential (i.e., the flourishing dimension), the relative prevalence of positive moods (i.e., the hedonic dimension) and individuals' feeling and assessment of their own lives (e.g., the evaluative dimension) (Atkinson and Mourato, 2015;MacKerron, 2012). Although how to evaluate such aspects appears complex, the path followed by many researchers leads through the examination of the drivers of human development.…”

Section: Public Governance and Wellbeingmentioning

confidence: 99%

Fiscal policies, public investments and wellbeing: mapping the evolution of the EU

Mazzanti¹,

Mazzarano²,

Pronti³

et al. 2020

IRD

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The European Union faced several crises in the last twenty years that destabilized its macroeconomic equilibrium and development capacity. Standard economic methodologies were capable of neither predicting nor completely solving these crises through appropriate investments. To understand the overall development performance, the well-known Human Development Index (HDI) is the most widely deployed conceptual framework. In this article, we look at the components of welfare dynamics in the EU by examining socio-economic performance. Through a 'beyond gross domestic product (GDP)' approach, we analyse public expenditures, especially focusing on the pillars of growth and socio-economic development:* The research is conceptually related to the activities of the European Topic Centre on Waste, materials and the Green Economy (ETC WMGE, European Environment Agency). It is also within the research activities of the 2018-2022 UNIFE project on Circular economy, Innovations and SMEs funded by MIUR Italian ministry under the 'Departments of excellence' programme, and the activities of the related CERCIS research centre on Circular Economy, Innovation and SMEs.

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“…4. This criterion, apparently simple, is difficult to implement in practice for several reasons analysed in great detail in numerous reference publications on the subject (Pearce et al, 2006): lack of information on costs and benefits, especially for non-marketable goods and services, choice of relative prices of environmental goods, choice of the discount rate, among others.…”

Section: Demand For Ecosystem Services and Cost-benefit Criteriamentioning

confidence: 99%

Land use and ecosystem services

Hardelin

Lankoski

2018

OECD Food, Agriculture and Fisheries Papers

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This paper is published under the responsibility of the Secretary-General of the OECD. The opinions expressed and the arguments employed herein do not necessarily reflect the official views of the OECD or of its member countries. The opinions expressed and arguments employed are those of the authors. The publication of this document has been authorised by Ken Ash, Director of the Trade and Agriculture Directorate. This paper and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of international law Comments are welcome and may be sent to tad.contact@oecd.org.

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Cost-Benefit Analysis and the Environment

Abstract: should not be reported as representing the official views of the OECD or of its member countries. The opinions expressed and arguments employed are those of the author(s).

Cited by 11 publications

References 171 publications

Competition Policy and the Environment

Competition Policy and the Environment

Fiscal policies, public investments and wellbeing: mapping the evolution of the EU

Land use and ecosystem services

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