Cost-based methods - preventive expenditure , Public Economics

Cost-based methods - Preventive Expenditure

In this method the value of environmental benefit is taken to be the cost of mitigating the adverse impact of environmental degradation. We can cite several examples to explain the method: Farmers often increase the use of inputs (fertilizer, pesticides, seed, etc.) to neutralize the effect of falling land productivity. In order to avoid cough, breathlessness or irritation in the eye residents in an industrial area may take regular medicines. The expenditure on such counts can be added to obtain the total preventive cost, which will provide an estimate of the value of environment.

Given the nature of problems encountered and the enormous task involved few researchers have attempted to consider a comprehensive study on environmental functions. Usually studies have considered a particular environmental function (or a few of these functions) or a particular geographical area. Moreover, for valuation of a particular function there could be more than one valuation tools. The use of a technique (or a combination of these techniques) depends upon the nature of the problem apart from its objectives and the convenience of, the researcher.

Posted Date: 12/18/2012 5:53:05 AM | Location : United States







Related Discussions:- Cost-based methods - preventive expenditure , Assignment Help, Ask Question on Cost-based methods - preventive expenditure , Get Answer, Expert's Help, Cost-based methods - preventive expenditure Discussions

Write discussion on Cost-based methods - preventive expenditure
Your posts are moderated
Related Questions

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Suppose the firm mark up over the cost is 10% and the wage setting equation is W=P (1-u) where U is the unemployment rate. a) Find out the real wage rate implied by the price se

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

The major economies in the world are in a deep recession although there are some signs of growth. What implications has such a recession had for international business? How have go

1.) In what way is insurance for medical loss/illness differ from insurance for any type of property loss?

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

study guide for Magruder''s American Government. the tests are supper hard

Corporate communication can be anything from how a corporation functions internally/externally, to what is making its communications operate like call center equipment, etc.

Question 1: i. Explain the likely effects of a recession on a government's budget? ii. How is the operation of fiscal policy supposed to affect the level of economic activ