COST-BENEFITS METHODS AND THE EVALUATION OF CLIMATIC CHANGE

This paper analyzes the economic effects of climate change and the ways in which economists attempt to measure such effects, particularly with cost-benefit analysis. It is concluded that many of these methods are inappropriate as measures of the resource allocation effects of climate change and tend to overstate the associated costs because they ignore the adaptability of the economy to such changes. Methods of compensating cost-benefit analyses for this defect are suggested.

  • Corporate Authors:

    Institute for Defense Analyses

    Science and Technology Division
    Arlington, VA  USA  22202

    Department of Transportation

    Climatic Impact Assessment Program, 1200 New Jersey Avenue, SE
    Washington, DC  USA  20590
  • Authors:
    • Daly, G
  • Publication Date: 1975-6

Media Info

  • Pagination: 51 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00092474
  • Record Type: Publication
  • Source Agency: National Technical Information Service
  • Report/Paper Numbers: P-1114 Final Rpt., DOT/TST-75-113
  • Contract Numbers: DOT-OS-30057
  • Files: NTIS, USDOT
  • Created Date: Nov 5 1976 12:00AM