Martin Weitzman (1942-2019) was an environmental economist who thought laterally. He made important contributions to the field in at least three areas. Here I’ll explain
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Agriculture, Behaviour, Economics, Environment, Latest, Marine, Natural resource management, People, Policy, Social issues, Water
Farmers are highly heterogeneous. Even farmers growing the same crops in the same region are highly variable. This is often not well recognised by policy
read moreWhere organisations are unable or unwilling to quantify project benefits in monetary or monetary-equivalent terms, a common approach is to rank potential projects on the
read moreIn PD322 and PD323 we have been exploring whether to use Net Present Value (NPV) or Benefit: Cost Ratio (BCR) in Benefit: Cost Analysis (BCA) when
read moreIn PD322 we looked at whether to use Net Present Value (NPV) or Benefit: Cost Ratio (BCR) in Benefit: Cost Analysis (BCA) when assessing and
read moreThere are two main criteria used for evaluating projects in Benefit: Cost Analysis (BCA): the Net Present Value (NPV = benefits minus costs) and the
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