The rationality of a safe minimum standard

被引：41

作者：

Farmer, MC ^{[1
]}

Randall, A

机构：

[1] Georgia Inst Technol, Atlanta, GA 30332 USA

[2] Ohio State Univ, Columbus, OH 43210 USA

来源：

LAND ECONOMICS | 1998年 / 74卷 / 03期

关键词：

D O I：

10.2307/3147113

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The Safe Mimimum Standard (SMS) is a policy shift to safety defaults to forestall irreversible outcomes. Critics charge an inconsistency: what justifies "business as usual" cannot also justify switching to the SMS. Currently the SMS is only a procedural shift where economic optimality procedures are buttressed by extra-special focus on uncertainty. Yet social welfare function may not be complete enough, warranting a more fundamental SMS shift. Numerous moral positions support this SMS approach. This SMS also operationalizes the intolerable cost as a trigger point, noting societies with lower tolerance for sacrifice must trigger the SMS earlier (JEL Q20).

引用

页码：287 / 302

页数：16