Compensating for environmental damages

Pascal Gastineau () and Emmanuelle Taugourdeau
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Pascal Gastineau: EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique

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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)
Date: 2013
Note: View the original document on HAL open archive server: https://hal.science/hal-04141197
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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)
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