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Cited by 162

The DOI matches its Crossref record; 8 of the 8 references it cites were found in a registry or an index.

The Revolution in Welfare Economics and Its Implications for Environmental Valuation and Policy

Gowdy, John M.·2004·Land Economics

Abstract

Two research programs are brought together to contribute to the growing body of work on alternatives to standard welfare-based approaches to environmental valuation and policy. The first is the theoretical literature undermining the “new welfare economics.” The second is the growing body of work on endogenous preferences. Both these research programs point to the necessity of interpersonal comparisons in welfare economics. This paper focuses on (1) the theoretical flaws in the use of Potential Pareto Improvements as a policy guide, (2) the “filtering” of expressed preferences through the axioms of consumer choice, and (3) the role of endogenous preferences in a reformulation of environmental valuation and policy. (JEL D61, Q28)

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Metadata

Authors
Gowdy, J. M.
Venue
Land Economics
Published
2004-05
Volume
80
Issue
2
Pages
239
ISSN
0023-7639 (ISSN-L)
OpenAlex
W1832329851
Cited by
162
References
8
FWCI
29.24
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: The Revolution in Welfare Economics and Its Implications for Environmental Valuation and Policy. https://app.cochat.ai/papers/10.2307/3654741
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Gowdy, J. M. (2004). The Revolution in Welfare Economics and Its Implications for Environmental Valuation and Policy. Land Economics. https://doi.org/10.2307/3654741

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