ABSTRACT

In the introductory chapter of this book, I stated that my aim was an applied one: I want this book to be useful to those who conduct, use or are otherwise faced with environmental cost-benefit analysis in their work. Still, the arguments presented above have been quite theoretical, possibly even philosophical, in nature. The reason is not that I have forgotten my own goal. I believe that a sound welfare theoretic framework provides the necessary foundation for understanding environmental cost-benefit analysis, even if that understanding is needed mainly for an applied purpose. By now, however, it is time to turn to the practical implications: What to do? Below I present six questions the applied analyst will need to consider, as well as my suggested answers.