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本科毕业论文(设计)
外 文 翻 译
原文:
The Equity-Efficiency Trade-off in Environmental Policy: Evidence
from Stated Preferences
The design of environmental policy raises several equity issues, in particular the distribution of the benefits and costs of policy, At the same time, the pursuit of equity objectives may be in conflict with the pursuit of altogether separate policy objectives. In particular, it has often been argued that there is a trade-off in environmental policy--as there appears to be in many other areas of public policy--between equity and economic efficiency, which brings these equity issues firmly to the attention of environmental economics.
Where such a trade-off exists, the question arises how best to address it, but there does not seem to be a straightforward answer. One apparent solution, often relied upon in economics more generally, is to abstract from equity issues to focus on attaining allocate efficiency. But this argument rests on a number of restrictive and ultimately unrealistic assumptions about redistribution. Thus there may in general terms be a trade-off between equity and efficiency. More fundamentally, it is impossible to perfectly separate equity and efficiency considerations in welfare economics .
Just as equity cannot be ignored, notions of what is equitable, “fair” or “just” appear to be intrinsically subjective, Even if they are in some way objective, it is certainly true that context matters. Across different areas of public policy, a wide variety of distributive principles are applied, so that it is often difficult to identify the commonalities and put them to much practical use. This suggests it is then important to know something about public preferences over the equity-efficiency trade-off. Such an approach can be supported by a number of theories in moral and political philosophy. Thus, in this paper we use a simple choice experiment to elicit individual preferences over equity-efficiency trade-offs in the context of two environment
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