Environmental & Natural Resource Economics 10th Edition by Thomas Tietenberg,Lynne Lewis

تمرين 1

risk neutrality an appropriate assumption for benefit/cost analysis? Why or why not? Does it seem more appropriate for some environmental problems than others? If so, which ones? If you were evaluating the desirability of locating a hazardous waste incinerator in a particular town, would the Arrow-Lind rationale for risk neutrality be appropriate? Why or why not?