Value is a critical concept in economics and philosophy. Economics is a discipline concerned with resource allocation informed by the value placed on alternative uses of those resources. In welfarist economics, value is taken as the strength of preference for a good or service (Brouwer et al., 2008). In that paradigm, strength of preference can… Continue reading The intrinsic and instrumental value of water & sanitation
Month: August 2022
Adapting WASH services to climate change – the “low-regrets” principle and benefit-cost analysis
Summary: the severity of climate impacts on WASH services is uncertain. “Low-regrets” investments or interventions are those which generate net economic benefits under a range of the most plausible scenarios of climate impact severity. The concept is explored in Figure 1, which illustrates relationships between net benefits and the severity of climate impacts for different… Continue reading Adapting WASH services to climate change – the “low-regrets” principle and benefit-cost analysis
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