Matches in SemOpenAlex for { <https://semopenalex.org/work/W2571146189> ?p ?o ?g. }
- W2571146189 abstract "A lack of awareness and understanding of risk and uncertainty can lead to poor decision making and higher costs for policy providers, as not accounting for them may produce policy which is inflexible and with a negative effect on welfare. Further, misunderstanding of and/or failure to account for risk and uncertainty can inhibit research and development for policy to which environmental economics can contribute (for example, in developing effective measures of sustainability). The aim of this project is to develop guidelines for ‘Best Practice’ approaches to risk and uncertainty in environmental economics for guiding policy development and implementation, taking into account key issues such as costs, irreversibility, adaptation and dynamics. These guidelines are developed by examining the frameworks commonly used by environmental economists to account for risk and uncertainty (such as the Precautionary Principle and Cost Benefit Analysis) as well as specifically developed theories (e.g. Quiggin’s Rank Dependent Utility Theory), borrowing from other disciplines (e.g. Prospect Theory) and drawing attention to lesser known ideas (e.g. Shackle’s Model). ∗ Nothing in this paper necessarily represents the policies or views of the NSW Government, the Minister for Climate Change and the Environment, or the Department of Environment, Climate Change and Water (NSW) Υ Senior Economist, Department of Environment, Climate Change and Water (NSW) alex.lobb@environment.nsw.gov.au" @default.
- W2571146189 created "2017-01-13" @default.
- W2571146189 creator A5016493723 @default.
- W2571146189 date "2011-01-01" @default.
- W2571146189 modified "2023-09-25" @default.
- W2571146189 title "Risk and Uncertainty in Environmental Economics: From Theory to Policy Practice *" @default.
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