Market versus non-market values: where to draw the line?
by Beat Burgenmeier
International Journal of Sustainable Development (IJSD), Vol. 3, No. 1, 2000

Abstract: The policy of environmental protection is based on a debate about values. This debate is shaped by a more fundamental issue concerning the boundaries between the public and the private spheres and between economic and social values as key references to environmental protection. This paper discusses the different criteria to define these boundaries in four parts. The first discusses the different types of market failure that are at the root of state intervention. The second analyses the theory of externalities and its flaws. The third evaluates the effect of state intervention in the light of welfare theory. Finally, the fourth insists on institutional changes that are needed in order to implement a coherent policy.

Online publication date: Fri, 04-Jul-2003

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Sustainable Development (IJSD):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com