Environmental Valuation and Rationality.
Economic valuation of the environment is disputed, in part, due to the number of anomalies. Reactions to these anomalies have included adding new auxiliary hypotheses to the core model or dismissing the whole undertaking. This paper takes a third route, and uses observations made in valuation studie...
| Publicado en: | Land Economics Vol. 80; no. 1; pp. 1 - 19 |
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| Formato: | Artículo |
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University of Wisconsin Press
February 2004
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510342899&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510342899 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00237639 LAE jtl: Land Economics issn: 00237639 maglogo: N pubinfo: dt: February 2004 vid: 80 iid: 1 pid: 249 pub: University of Wisconsin Press artinfo: ui: 510342899 10.2307/3147141 ppf: 1 ppct: 18 formats: fmt: – @attributes: type: T – @attributes: type: P size: 1.7MB tig: atl: Environmental Valuation and Rationality. aug: au: Vatn, Arild su: Contingent valuation Rational choice theory Information theory in economics sug: subj: Contingent valuation Rational choice theory Information theory in economics ab: Economic valuation of the environment is disputed, in part, due to the number of anomalies. Reactions to these anomalies have included adding new auxiliary hypotheses to the core model or dismissing the whole undertaking. This paper takes a third route, and uses observations made in valuation studies to improve choice theory. The paper covers the information problem, the issue of preference formation, and underlines the role of the social sphere in defining what becomes individually rational. While the findings may not simplify theory, they may help us become more realistic and to understand errors produced by illegitimate simplifications. (JEL Q28, D6) Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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