Targeting tools for the purchase of environmental amenities.
A study was conducted to analyze how the joint spatial distribution of costs and environmental benefits affect efficiency losses from following targeting rules based on cost or benefits, rather than based on the benefit to cost ratio. It is demonstrated that the magnitude of the losses from targeti...
| Published in: | Land Economics Vol. 73; pp. 325 - 340 |
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| Main Authors: | , , |
| Format: | Article |
| Published: |
University of Wisconsin Press
August 1997
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| Subjects: | |
| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510842571&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510842571 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: August 1997 vid: 73 pid: 249 pub: University of Wisconsin Press artinfo: ui: 510842571 10.2307/3147171 ppf: 325 ppct: 15 formats: fmt: @attributes: type: T tig: atl: Targeting tools for the purchase of environmental amenities. aug: au: Babcock, Bruce A. Lakshminarayan, P. G. Wu, JunJie su: Environmental protection & economics Decision making in environmental policy sug: subj: Environmental protection & economics Decision making in environmental policy ab: A study was conducted to analyze how the joint spatial distribution of costs and environmental benefits affect efficiency losses from following targeting rules based on cost or benefits, rather than based on the benefit to cost ratio. It is demonstrated that the magnitude of the losses from targeting least cost land and environmentally sensitive land instead of land that offers the highest ratio of benefits to cost depends upon the joint distribution of costs and benefits. In addition, findings indicate that the amount of spatial variability in costs relative to benefits and how benefits and costs are correlated are the most important factors influencing the magnitude of efficiency losses. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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