English, Article edition: TALL TREES, PEOPLE, AND POLITICS: THE OPPORTUNITY COSTS OF THE REDWOOD NATIONAL PARK JOHN L. WALKER

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Bookmark: http://trove.nla.gov.au/version/183699
Physical Description
  • article
Language
  • English

Edition details

Title
  • TALL TREES, PEOPLE, AND POLITICS: THE OPPORTUNITY COSTS OF THE REDWOOD NATIONAL PARK
Author
  • JOHN L. WALKER
Physical Description
  • article
Notes
  • Because individuals in the marketplace directly face opportunity costs, they must balance marginal costs against marginal benefits. In contrast, in politics, the opportunity costs facing decision makers are diluted. Estimates of the social costs of various public programs are generally understated, while the estimates of social benefits are exaggerated Copyright 1984 Western Economic Association International.
  • RePEc:bla:coecpo:v:2:y:1984:i:5:p:22-29
Language
  • English
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