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Is There a Role for Benefit-Cost Analysis in Environmental, Health, and Safety Regulation?

✍ Scribed by Arrow, K. J.; Cropper, M. L.; Eads, G. C.; Hahn, R. W.; Lave, L. B.; Noll, R. G.; Portney, P. R.; Russell, M.; Schmalensee, R.; Smith, V. K.; Stavins, R. N.

Book ID
121156034
Publisher
American Association for the Advancement of Science
Year
1996
Tongue
English
Weight
127 KB
Volume
272
Category
Article
ISSN
0036-8075

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## Abstract __Background__: A reproducible observation is that consumers' willingness‐to‐accept (WTA) monetary compensation to forgo a program is greater than their stated willingness‐to‐pay (WTP) for the same benefit. Several explanations exist, including the psychological principle that the utili