The Revolution in Welfare Economics and Its Implications for Environmental Valuation and Policy

By J. Gowdy. Land Economics, 2004

178 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/caad43b5a908e55abc75ad8bdc44676ea28c70bf

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. U. Pascual
2. G. Wegner
3. G. Atkinson
4. C. Spash
5. J. Gowdy
6. Hooi Hooi Lean
7. R. Turner
8. S. Mourato

In General Decision Sciences

1. U. Pascual
2. G. Wegner
3. C. Spash
4. G. Atkinson
5. S. Mourato
6. R. Turner
7. Stefan Szymanski
8. E. Ozdemiroglu

Citations in the corpus

• A Theoretical Approach to Deliberative Valuation: Aggregation by Mutual Consent (2006, background): “The normative justification for cost-benefit analysis is a point of long-standing controversy (Gowdy 2004).”
• What have economists learned about valuing nature? A review essay (2013, background): “There is a growing feeling among many economists that neoclassical welfare economics has reached its limit (Bowles and Gintis, 2000; Gowdy, 2004; Quiggin, 2010).”
• Happiness Economics from 35,000 Feet (2012, unknown): “Several authors point to ’paradoxes’ and ’revolutions’ in this process (e.g. Frey, 2008; MacCulloch & Di Tella, 2005; Gowdy, 2004).”
• Fair adaptation to climate change (2006, background): “However, it is not at all obvious that this line of reasoning should be accepted (see Bromley, 2004; Gowdy, 2004; Paavola, 2002a).”
• Cost-Benefit Analysis and the Environment: Recent Developments (2006, background): “An excellent summary (which oddly excludes the Arrow social welfare function issue) is given by Gowdy (2004).”
• Behavioral economics for environmental policy (2008, unknown): “This being the case, the bounded rationality school argues that the conventional selfish-maximizing rationality assumption is at odds in relation to empirically observed human behavior (Gowdy, 2004).”
• Deliberative monetary valuation (DMV): Issues in combining economic and political processes to value environmental change (2007, background): “Yet, primary studies have been the subject of considerable controversy within economics (e.g., Hausman, 1993; Knetsch, 1994; Gowdy, 2004; Vatn, 2004; Knetsch, 2005) as well as on grounds of their political characteristics (Sagoff, 1988a), inherently narrow philosophy of value (O'Neill, 1993; Spash,…”
• Are We Willing to Pay Enough to `Back the Bid'?: Valuing the Intangible Impacts of London's Bid to Host the 2012 Summer Olympic Games (2008, methodology): “For a summary of objections to the technique see Gowdy (2004).”
• Using Happiness Data for Environmental Valuation: Issues and Applications (2009, unknown): “At a more general level, there are not only behavioral problems but also theoretical objections to using contingent valuation as an element of cost–benefit analysis, especially because it relies on the theoretically discredited criterion of potential Pareto improvement (Gowdy, 2004).”
• Cost-benefit analysis in the context of ecosystem services for human well-being: A multidisciplinary critique (2011, methodology): “Furthermore, when dealing with ecological change that involves extensive and unequal impacts on society, high levels of scientific uncertainty and deontological ethics, the expediency argument may be automatically rejected–there is nothing pragmatic about using a policy evaluation tool that is based”
• Co2 Emissions, Electricity Consumption And Output In Asean (2010, background): “At one level, policy-makers need to be mindful of the literature on sustainability which suggests that social welfare rather than per capita income should be the focus of government policy (Gowdy, 2004, 2005).”
• Toward a new welfare economics for sustainability (2005, background): “…neoclassical models overestimate the possibilities of substitution between natural and manufactured capital including the related problems of complementarity, irreversibility, pure uncertainty and discontinuous change (Daly, 1995; Gowdy, 2004; McDaniel and Gowdy, 2000; Ng and Wills, 2002).”
• Limits to CBA in UK and European environmental policy: retrospects and future prospects (2007, background): “is it fair?) may be influential (Sagoff, 1988; Gintis, 1998; Gowdy, 2004 ).”