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The new approach to wilderness preservation through benefit-cost analysis
dc.contributor.authorPorter, Richard C.en_US
dc.date.accessioned2006-04-07T17:53:53Z
dc.date.available2006-04-07T17:53:53Z
dc.date.issued1982-03en_US
dc.identifier.citationPorter, Richard C. (1982/03)."The new approach to wilderness preservation through benefit-cost analysis." Journal of Environmental Economics and Management 9(1): 59-80. <http://hdl.handle.net/2027.42/24038>en_US
dc.identifier.urihttp://www.sciencedirect.com/science/article/B6WJ6-4CYH399-NS/2/0d75157fa270fdd90f8bf8f78b23f63ben_US
dc.identifier.urihttps://hdl.handle.net/2027.42/24038
dc.description.abstractOver the last 15 years, economists of Resources for the Future led by John Krutilla have been developing a new approach to wilderness preservation. This paper offers a concise exposition of their approach and adds a few steps. The basic ingredient of the new approach is a perception of declining net benefits of wilderness development and rising net benefits of wilderness preservation over time. These alter the entire shape of the benefit-cost analysis of potential development. The new steps involve reversibility, postponability, and recognition of multiple interest rates.en_US
dc.format.extent1566222 bytes
dc.format.extent3118 bytes
dc.format.mimetypeapplication/pdf
dc.format.mimetypetext/plain
dc.language.isoen_US
dc.publisherElsevieren_US
dc.titleThe new approach to wilderness preservation through benefit-cost analysisen_US
dc.typeArticleen_US
dc.rights.robotsIndexNoFollowen_US
dc.subject.hlbsecondlevelUrban Planningen_US
dc.subject.hlbsecondlevelSocial Sciences (General)en_US
dc.subject.hlbsecondlevelNatural Resources and Environmenten_US
dc.subject.hlbsecondlevelInformation and Library Scienceen_US
dc.subject.hlbsecondlevelEducationen_US
dc.subject.hlbsecondlevelEcology and Evolutionary Biologyen_US
dc.subject.hlbtoplevelSocial Sciencesen_US
dc.subject.hlbtoplevelScienceen_US
dc.description.peerreviewedPeer Revieweden_US
dc.contributor.affiliationumDepartment of Economics, University of Michigan, Ann Arbor, Michigan 48109, USAen_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/24038/1/0000287.pdfen_US
dc.identifier.doihttp://dx.doi.org/10.1016/0095-0696(82)90006-7en_US
dc.identifier.sourceJournal of Environmental Economics and Managementen_US
dc.owningcollnameInterdisciplinary and Peer-Reviewed


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