Note on "Benefit-Cost Analysis: A Questionable Part of Environmental Decisioning"
Alan S. Cohen
AbstractProfessor Müller compares the ecologist's stability and the economist's benefit-cost criteria for setting environmental standards and concludes that "the results of the benefit-cost analysis are either misleading or superfluous." This note presents arguments which indicate that Professor Müller's conclusion is incorrect; the correct conclusion being the exact opposite of Professor Müller's.
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