tag:blogger.com,1999:blog-4900303239154048192.post6100885042116004448..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: "There is no such thing as a secondary benefit"Unknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4900303239154048192.post-61005442043926572402014-11-09T18:42:19.230-05:002014-11-09T18:42:19.230-05:00From the Banzhaf paper, for all you cynics out the...From the Banzhaf paper, for all you cynics out there:<br /><br />"On the other side [from pro-development interests] were anti-tax or pro-consumer advocates, including Ralph Nader, as well as environmental groups like environmental groups like the Sierra Club (who particularly agitated for high discount rates to block more development)." <br /><br />footnote: "Those who follow these debates today will be struck by the irony. Now, benefit-cost analysis is typically a hurdle for environmental rules, weighing the costs of the upfront investments (such as a cleaner power plant) against the future environmental gains. In this setting, environmentalists have advocated lower discount rates. But in the 1960s and early 1970s, environmentalists viewed benefit-cost analysis as a potential hurdle for environmentally destructive investments likes dams and dredging."<br />Sandwichmanhttps://www.blogger.com/profile/11159060882083015637noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-82821060407732127572014-11-09T18:32:06.054-05:002014-11-09T18:32:06.054-05:00Yes, that's a very informative article.
Also...Yes, that's a very informative article. <br /><br />Also of interest is this classic by Gilbert White: "The Limit of Economic Justification for Flood Protection,"<br />The Journal of Land & Public Utility Economics, Vol. 12, No. 2 (May, 1936), pp. 133-148.<br /><br />and<br /><br />"Some Aspects of the Evaluation of Watershed Flood Control Projects." Bernard Frank, The Journal of Land & Public Utility Economics, Vol. 18, No. 4 (Nov., 1942), pp. 391-411.Sandwichmanhttps://www.blogger.com/profile/11159060882083015637noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-92079398274137486892014-11-09T18:01:58.808-05:002014-11-09T18:01:58.808-05:00For more background on this, see http://papers.ssr...For more background on this, see http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1247782 -- a most interesting discussion. Peter Dormanhttps://www.blogger.com/profile/00093399591393648071noreply@blogger.com