000048000 001__ 48000 000048000 005__ 20210803101754.0 000048000 0247_ $$aISSN: 1327-8231$$2Other 000048000 0247_ $$2doi$$a10.22004/ag.econ.48000 000048000 037__ $$a1741-2016-140681 000048000 041__ $$aeng 000048000 245__ $$aNeglected Features of the Safe Minimum Standard: Socio-economics and Institutional Dimensions 000048000 260__ $$c2000-03 000048000 269__ $$a2000-03 000048000 270__ $$mirmi.seidl@wsl.ch$$pSeidl, Irmi 000048000 270__ $$mc.tisdell@economics.uq.edu.au$$pTisdell, Clement A. 000048000 300__ $$a22 000048000 336__ $$aWorking or Discussion Paper 000048000 490__ $$aEconomics, Ecology and the Environment Working Paper 000048000 490__ $$a38 000048000 520__ $$aImportant features of the safe minimum standard (SMS) rule as outlined by Ciriacy-Wantrup are ignored in the recent literature, e.g., the critical zone, institutional and normative dimensions, and the relationship between economic and biological irreversibility. Also, seeing SMS as an adjunct to social cost-benefit analysis is inconsistent with the original concept. Since SMS is usually applied to collective commodities, consideration of normative and institutional factors is inescapable. Hence, 'unacceptably large' social costs cannot be made operational by traditional social cost-benefit analysis. Close relatives of SMS such as discontinuous objective functions, the precautionary principle and reversal of proof are also discussed, as well as the determination of SMS by social discourse 000048000 650__ $$aInstitutional and Behavioral Economics 000048000 6531_ $$aSafe Minimum Standards 000048000 6531_ $$adiscontinuous objective functions 000048000 6531_ $$areversal of proof 000048000 6531_ $$athe precautionary principle 000048000 700__ $$aSeidl, Irmi 000048000 700__ $$aTisdell, Clement A. 000048000 8564_ $$98bedb7a6-0d9d-4e3c-a608-595e3a0ef8fe$$s123515$$uhttps://ageconsearch.umn.edu/record/48000/files/WP38.pdf 000048000 887__ $$ahttp://purl.umn.edu/48000 000048000 909CO $$ooai:ageconsearch.umn.edu:48000$$pGLOBAL_SET 000048000 912__ $$nSubmitted by Clem Tisdell (c.tisdell@economics.uq.edu.au) on 2009-03-05T02:52:06Z No. of bitstreams: 1 WP38.pdf: 123515 bytes, checksum: e4966cba4d2fc2aeab93075b5ec81b59 (MD5) 000048000 912__ $$nMade available in DSpace on 2009-03-05T02:52:07Z (GMT). No. of bitstreams: 1 WP38.pdf: 123515 bytes, checksum: e4966cba4d2fc2aeab93075b5ec81b59 (MD5) Previous issue date: 2000-03 000048000 913__ $$aLicense granted by Clem Tisdell (c.tisdell@economics.uq.edu.au) on 2009-03-05T02:45:45Z (GMT): <center> <h2> Deposit Agreement </h2> </center> I represent that I am the creator of the digital material identified herein (&ldquo;Work&rdquo;). I represent that the work is original and that I either own all rights of copyright or have the right to deposit the copy in a digital archive such as AgEcon Search. I represent that in regard to any non-original material included in the Work I have secured written permission of the copyright owner (s) for this use or believe this use is allowed by law. I further represent that I have included all appropriate credits and attributions. I hereby grant the Regents of the University of Minnesota (&ldquo;University&rdquo;), through AgEcon Search, a non-exclusive right to access, reproduce, and distribute the Work, in whole or in part, for the purposes of security, preservation, and perpetual access. I grant the University a limited, non-exclusive right to make derivative works for the purpose of migrating the Work to other media or formats in order to preserve access to the Work. I do not transfer or intend to transfer any right of copyright or other intellectual property to the University. If the Deposit Agreement is executed by the Author�s Representative, the Representative shall separately execute the following representation: I represent that I am authorized by the Author to execute this Deposit Agreement on behalf of the Author. 000048000 980__ $$a1741 000048000 982__ $$gUniversity of Queensland>School of Economics>Economics, Ecology and Environment Working Papers