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Environmental Economics & Policy 6th Edition by Tom Tietenberg,Lynne Lewis
Edition 6ISBN: 978-0321599490Environmental Economics & Policy 6th Edition by Tom Tietenberg,Lynne Lewis
Edition 6ISBN: 978-0321599490 Exercise 1
Is 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?
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Whether the risk neutrality is an approp...
Environmental Economics & Policy 6th Edition by Tom Tietenberg,Lynne Lewis
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