Gains, Losses, and the US-EPA Economic Analyses Guidelines: A Hazardous Product?

Jack Knetsch

Environmental & Resource Economics, 2005, vol. 32, issue 1, 112 pages

Abstract: While offering many useful suggestions to improve economic analyses, the Guidelines take no account of widely reported behavioural economics research findings. Foregoing the opportunities to improve valuations and other analyses offered by this evidence is likely to lead to inappropriate assessments and consequent distortions of damage estimates, policy and regulatory design. Copyright Springer 2005

Keywords: endowment effect; WTA-WTP disparity; environmental valuations (search for similar items in EconPapers)
Date: 2005
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DOI: 10.1007/s10640-005-6029-z

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