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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
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  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):

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000048000 982__ $$gUniversity of Queensland>School of Economics>Economics, Ecology and Environment Working Papers