Cameron Hepburn

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Farming of animals and plants has recently been considered not merely as a more efficient and plentiful supply of their products but also as a means of protecting wild populations from that trade. Amongst these nascent farming products might be listed bear bile. Bear bile has been exploited by traditional Chinese medicinalists for millennia. Since the 1980s(More)
a r t i c l e i n f o JEL classification: H43 D61 Q54 Keywords: Benefit–cost analysis Non-marginal Project appraisal Discount rate Infrastructure investment Climate change Energy Hydropower dam Conventional benefit–cost analysis incorporates the normally reasonable assumption that the policy or project under examination is marginal. Among the assumptions(More)
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