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ISBN: 1840646268Издательство: Edward Elgar Pub
?The disturbance of an ecosystem is a unique, one-off event which involves, in the author?s terms, ?hard uncertainty?. This book makes a major contribution to environmental economics by tackling this issue head-on. Young articulates the Shackle theory and evaluates it with a case study of the Belize Southern Highway. In doing so he makes a major contribution to Shacklean economics by conducting ?laboratory experiments? with some of the personnel associated with the project and provides fascinating original material on the impact on the ecosystem. He demonstrates how Shackle?s theory can be used in decisions that involve environmental concerns.? - J.F. Ford, Emeritus Professor, University of Birmingham, UK This thought provoking book is concerned with the need to deal adequately with uncertainty in environmental decision making. The author advances a critique of the use of traditional models and then develops an alternative model of...