Stirling, Andrew (1992) Regulating the electricity supply industry by valuing environmental effects: how much is the Emperor wearing? Futures, 24 (10). pp. 1024-1047. ISSN 0016-3287Full text not available from this repository.
All approaches to the comparison of disparate environmental effects suffer in common from several intractable problems. Difficulties are posed by the obscurity, complexity, uncertainty and unquantifiability of many effects. Incommensurate indices and discrepant frames of reference exacerbate the analyst's predicament. Although increasingly influential, the monetary valuation literature tends to neglect these problems. Important recent valuation studies are found to be partial in scope, mutually inconsistent and misleadingly presented. The theoretical framework of valuation is itself argued to be profoundly flawed, being unidimensional, sociocentric and opaque in character. It is concluded that there exist preferable and more effective analytical options.
|Divisions:||School of Business, Management and Economics > SPRU - Science and Technology Policy Research|
|Depositing User:||Andrew Stirling|
|Date Deposited:||06 Feb 2012 21:16|
|Last Modified:||02 Oct 2012 00:10|
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