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Do We Need a New Behavioral Benchmark for BCA?1

Published online by Cambridge University Press:  10 May 2016

Jason F. Shogren  and
Linda Thunström
Jason F. Shogren*
Affiliation:
Department of Economics & Finance, University of Wyoming, Laramie, Wyoming 82071, USA, e-mail: jramses@uwyo.edu
Linda Thunström
Affiliation:
Department of Economics & Finance, University of Wyoming, Laramie, Wyoming 82071, USA
*
*e-mail: jramses@uwyo.edu
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Abstract

In our opinion, the challenges of ongoing measurement, the ever-moving behavioral baseline, and strategic self-ignorance return us full-circle to a sensible point made by Peter Bohm–Benefit-Cost Analysis for environmental goods should use an interval method.

Keywords

D61D03baselinebehavioralbehavioral economicsenvironmentenvironmental economics
Type
Articles
Information
Journal of Benefit-Cost Analysis , Volume 7 , Issue 1: Special Issue on [Ir]rationality, Happiness, and Benefit-Cost Analysis , Spring 2016 , pp. 92 - 106
Copyright
© Society for Benefit-Cost Analysis 2016 

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