SpringerBriefs in Economics: Cost-Benefit Analysis Versus Win-Win Approach

Name: SpringerBriefs in Economics: Cost-Benefit Analysis Versus Win-Win Approach
Brand: Springer Berlin Heidelberg
SKU: 9783642367892
Price: 49.49 USD
Availability: InStock

Johansson, Per-Olov; Kriström, Bengt

Should more water be diverted to or from electricity generation? This timely question is addressed in this short volume. Two different approaches are introduced and compared:
The first is a cost-benefit analysis, examining the case of re-regulating a Swedish hydropower plant in which water is diverted from electricity generation to the downstream dryway. The proposed scenario generates environmental and other benefits, but comes at a cost in terms of lost electricity.
The second study introduces an approach very different from the one used in conventional cost-benefit analysis, and provides a set of measures designed so that most, if not all, affected parties will be better off. Thus, in contrast to a conventional cost-benefit analysis, which draws on hypothetical compensation measures, the new approach envisages actual compensation.
Comparing two different theoretical frameworks on the basis of a real-world case, this study can be seen as a manual that can be used to evaluate reasonably small re-regulation of rivers.