Cost-based methods - preventive expenditure , Public Economics

Assignment Help:

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.


Related Discussions:- Cost-based methods - preventive expenditure

Challenges that the public sector is facing at present, Problem 1: "The...

Problem 1: "The public sector needs to be reformed so as to meet the challenges of the day." With special reference to Mauritius, discuss the challenges that the public sect

Production possibility frontier, with the aid of labelled production possib...

with the aid of labelled production possibilty frontier explain the concept of opportunity cost

Trans border policy coordination, We live in a globalized world economy. O...

We live in a globalized world economy. Our policy agenda, as we have discussed earlier have changed enormously to include environment, humanity in general as well as the conventio

Who permits government whatever it does, Q. Who permits government whatever...

Q. Who permits government whatever it does? The simple answer can be: people in a democracy and the monarch/dictator in a monarchy/dictatorship. But neither monarchy exists in

Describe the rational model of public policy, Problem: (a) What do you ...

Problem: (a) What do you meant by public policy? What does the study of public policy involve? (b) How are problems that might lead to public policy identified and defined?

Discuss basic features of international policy coordination, Discuss the ba...

Discuss the basic features of international policy coordination. There may be two sources of interdependence between national economic policies, club goods and horizontal spill

Pareto improvement, 1. is pareto improved demonstrated using the edgeworth ...

1. is pareto improved demonstrated using the edgeworth box daigram?

Capital accounting system, (1) The federal government is considering sellin...

(1) The federal government is considering selling tracts of federally owned land to private developers and using the revenues to provide aid to victims of an earthquake in a foreig

Provide individuals with various ways of controlling , Basic floor plan: T...

Basic floor plan: There are no security guards on duty at any given time. There are three ATM's on site but none of them can see who comes and goes through the building. Cameras a

Model of industry protection of grossman and helpman, Consider the model of...

Consider the model of industry protection of Grossman and Helpman. There are two industries A and B, each producing good X and Y respectively. All other things being equal, the dem

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd