The Revolution in Welfare Economics and Its Implications for Environmental Valuation and Policy

摘要: Two research programs are brought together to contribute the growing body of work on alternatives standard welfare-based approaches environmental valuation and policy. The first is theoretical literature undermining “new welfare economics.” second endogenous preferences. Both these point necessity interpersonal comparisons in economics. This paper focuses (1) flaws use Potential Pareto Improvements as a policy guide, (2) “filtering” expressed preferences through axioms consumer choice, (3) role reformulation