Monetizing the Benefits of Risk and Environmental Regulation
نویسنده
چکیده
The Article responds to the school of thought reflected in the book “Priceless: On Knowing the Price of Everything and the Value of Nothing” that opposes the economists’ attempts to monetize the value of environmental amenities and the value of risks to life and health. It applies the value of statistical life (”VSL”) concept to regulatory decisions in order to decide whether the adoption of a regulation makes economic sense. VSL measures the value of life, as judged by measuring the amount of risk of injury workers in a particular industry are willing to take on, and the costs associated with the regulation, in order to find whether the benefits are greater than the costs. It concludes that general surveys have shown people can rationally monetize the value of a clean environment, and in an administrative state that demands cost-benefit analysis, monetization of environmental benefits is essential to the formulation of policy.
منابع مشابه
A Review on Environmental aspects of geothermal energ
New energy technologies, along with the benefits, are associated with challenges and Difficulties. Geothermal energy as one of the renewable energies is a clean and sustainable energy source, yet its development still has some impact on the environment such as: greenhouse gas emissions, noise pollution, surface and groundwater contamination, subsidence, and seismicity. This paper provides a bri...
متن کاملThe Effects of Metacognitive Strategy Training on the Listening Comprehension and Self-Regulation of EFL Learners
AbstractThis study aims to highlight the key roles played by metacognitive strategies training in the development of listening comprehension skill and self-regulation strategies of EFL learners. The participants of this study (N = 60) were female Iranian students assigned to two groups of experimental and control in Kish English Language Institute. Learners in the experimental group recei...
متن کاملMediating Role of Emotion Regulation in relation to Spirituality and High-risk Behavior in Adolescents with Addicted Parent(s)
Objective: The identification of effective components in preventing the progress of high-risk behaviors and its persistence. The aim of this study was to investigate the mediating role of emotion regulation in relation to spirituality and high-risk behaviors among adolescents with addicted parent(s). Method: A correlation research method along with structural equation was employed in this study...
متن کاملThe Effects of Metacognitive Strategy Training on the Listening Comprehension and Self-Regulation of EFL Learners
AbstractThis study aims to highlight the key roles played by metacognitive strategies training in the development of listening comprehension skill and self-regulation strategies of EFL learners. The participants of this study (N = 60) were female Iranian students assigned to two groups of experimental and control in Kish English Language Institute. Learners in the experimental group recei...
متن کاملThe Role of Strategic Engagement Regulation and Attitude toward Marriage in Predicting a Person's Tendency to Risk-Taking in Dependence on Drug, Cigarette, and Alcohol Use
Objective: The present study was conducted aiming to investigate the role of strategic engagement regulation and attitude toward marriage in predicting a personchr('39')s tendency to risk-taking in dependence on drug, cigarette, and alcohol use. Method: This study was a descriptive-correlational research. The statistical population included all students of Islamic Azad University, Central Tehra...
متن کامل