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| Seidl, Irmi; Tisdell, Clement A.. |
| Important features of the safe minimum standard (SMS) rule as outlined by Ciriacy-Wantrup are ignored in the recent literature, e.g., the critical zone, institutional and normative dimensions, and the relationship between economic and biological irreversibility. Also, seeing SMS as an adjunct to social cost-benefit analysis is inconsistent with the original concept. Since SMS is usually applied to collective commodities, consideration of normative and institutional factors is inescapable. Hence, 'unacceptably large' social costs cannot be made operational by traditional social cost-benefit analysis. Close relatives of SMS such as discontinuous objective functions, the precautionary principle and reversal of proof are also discussed, as well as the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Safe Minimum Standards; Discontinuous objective functions; Reversal of proof; The precautionary principle; Institutional and Behavioral Economics. |
| Ano: 2000 |
URL: http://purl.umn.edu/48000 |
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| Seidl, Irmi; Tisdell, Clement A.; Harrison, Stephen R.. |
| This paper discusses regulation of rural land-use and compensation, both of which appear to have become more common but also more disputed. The implications of contemporary theories in relation to this matter are examined. Coverage includes the applicability of new welfare economics, the relevance of the neoclassical theory of politics, and the implications of contemporary theories of social conflict resolution and communication. Examining case studies of Swiss and Australian regulation of the use of rural properties and the ensuing conflicts, it is found that many decisions reflect a mixture of these elements. Rarely, if ever, are social decisions in this area made solely on the basis of welfare economics, for instance social cost-benefit analysis. Only... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Australia; Compensation for takings; Conservation; Environmental regulation; Property rights; Rural land-use; Switzerland; Welfare economics; Environmental Economics and Policy; Land Economics/Use. |
| Ano: 2001 |
URL: http://purl.umn.edu/48366 |
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