Marine Pollution Prevention and Management in the East Asian Seas: A Benefit-Cost Framework

PUBLICATION DATE:

Monday, March 01, 1999

PUBLICATION TYPE:

Reports

STATUS:

Out of Print

DESCRIPTION:

This document provides a benefit-cost framework for managing land- and sea-based pollution in the East Asian seas. Benefit-cost (and cost-effectiveness) analyses increasingly are being used to contribute to resource management decisions. In the past, benefits and costs were viewed narrowly; those occurring outside the market place tended to be overlooked. Ignoring the non-market environmental effects, however, implicitly and inappropriately assigns them the value of zero. The framework, guidelines and examples given in this document outline appropriate general concepts to account for benefits and costs, indicate steps to be taken, and how some of the concepts and methods have been or should be applied.