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Cost Benefit News covers legal, academic, and regulatory developments pertaining to the valuation of environmental amenities and disamenities, such as clean air, trees, parks, congestion, and noise. We apprise the reader about ways in which costs and benefits are measured, and the results of empirical studies. We hope that this information will allow public and private organizations to comprehend the risks and benefits of various actions, help disputants to resolve conflicts equitably and efficiently, and improve the quality of public policies. We will only discuss issues related to the empirical quantification of private and social costs and benefits and damages, and summarize information from daily newspapers, academic journals, legal publications, court decisions, professional newsletters commissioned studies, and on-line services. This newsletter is dedicated to the principle that all policies place values upon life, liberty, and the pursuit of happiness. We believe that more information, explicit specification of assumptions, and rigorous analysis can help our society to better meet these ends. This site will increasingly serve, in conjunction with others, as a valuation database. We will include a wide range of studies, including non-environmental reports, because omission of a factor effectively values it at zero, and biases decisions. Heavy traffic has caused several site crashes. We are attempting to correct these problems. Apologies for any inconvenience.
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A Reverse Auction for Wetland Restoration in the Assiniboine River Watershed, Saskatchewan

By CostBenefit on Feb 7, 2011 | In General, Academic Study/Journal Article, Wetlands, Agriculture, Forestry and Food, Canada, Regulatory Analysis, Contingent Valuation, Surveys,.., Environmental Economics / Ecological Economics, Costs and Benefits

Abstract: Wetland habitat continues to be lost in many watersheds across Canada and new program tools are needed to help restore drained wetlands. We used a reverse auction to restore drained wetlands in the Assiniboine River Watershed (ARW) of east-cen… more »

The Economic Benefits of Wetland Retention and Restoration in Manitoba

By CostBenefit on Feb 6, 2011 | In General, U.S., Wetlands, Contingent Valuation, Surveys,.., Environmental Economics / Ecological Economics, Costs and Benefits

Abstract: This study examines the willingness to pay of Manitobans for wetland retention and restoration using stated preference methods applied to a sample of 1,980 respondents from the provincial population. The approach employed an iterated series of… more »

Bioeconomic Modeling of Wetlands and Waterfowl in Western Canada: Accounting for Amenity Values

By CostBenefit on Feb 2, 2011 | In General, Academic Study/Journal Article, Wetlands, Endangered Species, Ecosystem Valuation, Canada, Regulatory Analysis, Methods, Environmental Economics / Ecological Economics, Costs and Benefits, Recreation

Abstract: This study reexamines and updates an original bioeconomic model of optimal duck harvest and wetland retention by Hammack and Brown (1974, Waterfowl and Wetlands: Toward Bioeconomic Analysis. Washington, DC: Resources for the Future). It then e… more »

A survey of entrepreneurial risk in U.S. wetland and stream compensatory mitigation markets

By CostBenefit on Jan 29, 2011 | In General, Water, Land + Water, U.S., Academic Study/Journal Article, Wetlands, Regulatory Analysis, Costs and Benefits

Abstract: Internationally, ecosystem service markets are emerging as a way to reduce the negative effects of agriculture, industry and urbanization. In the USA, the compensatory mitigation industry, particularly entrepreneurial mitigation banking, accou… more »

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