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The Limits of Cost/Benefit Analysis When Disasters Loom

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  • Anne van Aaken
  • Janis Antonovics
  • Susan Rose-Ackerman

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  • Anne van Aaken & Janis Antonovics & Susan Rose-Ackerman, 2016. "The Limits of Cost/Benefit Analysis When Disasters Loom," Global Policy, London School of Economics and Political Science, vol. 7, pages 56-66, May.
    • Handle: RePEc:bla:glopol:v:7:y:2016:i::p:56-66
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    File URL: http://hdl.handle.net/10.1111/1758-5899.12279
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    References listed on IDEAS

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    1. Vining, Aidan R. & Weimer, David L., 1992. "Welfare economics as the foundation for public policy analysis: Incomplete and flawed but nevertheless desirable," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 21(1), pages 25-37.
    2. Smith, V Kerry & Huang, Ju-Chin, 1995. "Can Markets Value Air Quality? A Meta-analysis of Hedonic Property Value Models," Journal of Political Economy, University of Chicago Press, vol. 103(1), pages 209-227, February.
    3. Traeger, Christian P., 2014. "On option values in environmental and resource economics," Resource and Energy Economics, Elsevier, vol. 37(C), pages 242-252.
    4. repec:reg:rpubli:299 is not listed on IDEAS
    5. Peter A. Diamond & Jerry A. Hausman, 1994. "Contingent Valuation: Is Some Number Better than No Number?," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 45-64, Fall.
    6. Kenneth J. Arrow & Anthony C. Fisher, 1974. "Environmental Preservation, Uncertainty, and Irreversibility," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 88(2), pages 312-319.
    7. Talbot Page, 1997. "On the Problem of Achieving Efficiency and Equity, Intergenerationally," Land Economics, University of Wisconsin Press, vol. 73(4), pages 580-596.
    8. Newell, Richard G. & Pizer, William A., 2003. "Discounting the distant future: how much do uncertain rates increase valuations?," Journal of Environmental Economics and Management, Elsevier, vol. 46(1), pages 52-71, July.
    9. Graham, Daniel A, 1981. "Cost-Benefit Analysis under Uncertainty," American Economic Review, American Economic Association, vol. 71(4), pages 715-725, September.
    10. repec:reg:rpubli:91 is not listed on IDEAS
    11. Kenneth J. Arrow & Robert C. Lind, 1974. "Uncertainty and the Evaluation of Public Investment Decisions," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 3, pages 54-75, Palgrave Macmillan.
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