Compensating for environmental damages

Pascal Gastineau and Emmanuelle Taugourdeau

No 2013-21, EconomiX Working Papers from University of Paris Nanterre, EconomiX

Abstract: This paper examines a situation where a decision-maker determines the appropriate compensation that should be implemented for a given ecological damage. The compensation can be either or both in monetary and environmental units to meet three goals: i) minimization of the cost associated with the compensation, ii) no aggregate welfare loss, iii) minimal environmental compensation requirement. The findings suggest that -in some cases - providing both monetary and environmental compensation can be the cost-minimizing option. Minimal compensation constraints can increase total compensation costs but reduce individual gains and losses relative to the initial situation that arise from heterogeneous tradeoffs between income and environmental quality

Keywords: Environmental Damage; Compensation; Welfare; Inequity (search for similar items in EconPapers)
JEL-codes: H43 Q51 Q57 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2013
New Economics Papers: this item is included in nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://economix.fr/pdf/dt/2013/WP_EcoX_2013-21.pdf (application/pdf)

Related works:
Journal Article: Compensating for environmental damages (2014)
Working Paper: Compensating for environmental damages (2014)
Working Paper: Compensating for environmental damages (2014)
Working Paper: Compensating for environmental damages (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:drm:wpaper:2013-21

Access Statistics for this paper

More papers in EconomiX Working Papers from University of Paris Nanterre, EconomiX Contact information at EDIRC.
Bibliographic data for series maintained by Valerie Mignon ( this e-mail address is bad, please contact ).