Business and Society (Elements of Business Series)

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Language: English

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He concludesthat use of the opportunitycost rate alone does not appear justifiable on grounds of intergenerational equity. Economic theory also abstracts from virtually anything having to do with time. PartI: Analytical Framework object of the valuation exercise is a more abstract aspect like existencevalue. comparing valuation of air pollution alone. declared WTA tends to be significandly greater than the corresponding WTP.using resultsfrom seven studies carried out in industrial nations. cautiously and rigorously applied. especiallywhenothervaluationmethodswereunavailable.

Pages: 208

Publisher: Cengage Learning EMEA (February 25, 1993)

ISBN: 0415068495

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