Total Net Benefit and the Quantity of Life
A Query
Bibliographic Data
| ID | 4934457 |
|---|---|
| Authors | Colin Price (0000-0002-1387-7632, University College of the North, corresponding author) |
| Year | 1977 |
| Volume | 9 |
| Issue | 7 |
| Pages | 813-816 |
| Publication date | 1977-07-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Environment and Planning A Economy and Space (JOURNAL) |
| Journal identifiers | ISSN: 0308-518X • E-ISSN: 1472-3409 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1068/a090813 |
| OpenAlex | W2016268935 |
| Language | EN |
| Citations received | 1 |
| References cited | 4 |
When it is expected that different population levels will be associated with alternative land uses, cost-benefit analysts could adopt three treatments of benefit. (1) Only the benefit of population common to all land uses is considered. (2) The potential Pareto improvement criterion is adopted, requiring that gainers from any change can compensate losers. (3) Utility weights are used to interpret willingness-to-pay in terms of benefit. Despite the apparent feeling of economists that treatment (1) avoids difficult value judgements, all three treatments raise problems of ascribing preferences to the yet-unborn, and of estimating the total utility of life
Actuarial science · Cost benefit · Cost–benefit analysis · Economics · Expected utility hypothesis · Feeling · Mathematical economics · Microeconomics · Operations management · Pareto principle · Political science · Population · Sociology · Statistics · Value of life · Willingness to pay · Decision-Making and Behavioral Economics · Demography · Economic and Environmental Valuation · Housing Market and Economics · Mathematics · Psychology · Social Psychology
| Citations per year | 0.02 |
|---|---|
| Citation span | 1980 - 1980 (1) |
| Highly cited | No |