Environment
Efficient Groundwater Pricing and Intergenerational Welfare: The Honolulu Case
Optimal water usage and pricing programs discussed in literature tend to take for granted the users’ willing to pay higher efficiency prices in order to obtain the resulting benefits. Yet proposals for marginal cost water pricing on Oahu have often been found to be bureaucratically infeasible because current users will have to pay a higher […]
Read MoreEnvironmental Valuation and the Hawaiian Economy
Economic planning and policy analysis are commonly criticized for their failure to properly account for adverse effects of economic development on the environment and other interactions between nature and the market economy. The limited and piecemeal curbs on land development projects, e.g. as provided by environmental impact requirements, fail to diagnose the major negative impacts […]
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