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- Nurmi, Väinö; Ahtiainen, Heini
- Ecological economics 2018 v.150 pp. 217-228
- willingness to pay, etc ; climate change; cost benefit analysis; decision making; ecological value; income; income distribution; income elasticities; issues and policy; pedigree; water quality; Show all 11 Subjects
- ... Cost-benefit analysis (CBA) is built on the Kaldor-Hicks efficiency criterion whereby projects that have aggregate positive net benefits are recommended even if those who lose are not compensated for their losses. Two kinds of problems can be identified with the use of the criterion. First, as income tends to affect monetary welfare changes positively, the preferences of those with higher wealth h ...
- Tamayo, Natasha Charmaine A.; Anticamara, Jonathan A.; Acosta-Michlik, Lilibeth
- Ecological economics 2018 v.146 pp. 633-644
- willingness to pay, etc ; accounting; aesthetic value; biodiversity; coral reefs; decision making; economic valuation; ecosystem services; ecosystems; financial economics; fisheries; income; issues and policy; livelihood; multicultural diversity; surveys; tourism; Philippines; Show all 18 Subjects
- ... Ecosystem Services (ES) – the direct (e.g., food and natural medicines) and indirect (e.g., cultural diversity and aesthetic values) benefits people obtain from various ecosystems – need to be assessed to aid decision makers and concerned public in creating policies that ensure continuous flow of ES to their beneficiaries (e.g., fisheries, food, income, livelihood, and traditional way of life to f ...