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Assessing societal costs associated with environmental impacts

A study of “harmless” odors was utilized as a platform for determining the cost impact of envi‐ronmental effects resulting from management decisions. The cost to society of “harmless” odors eventually leads to internal costs for companies emitting the odors. It is easier to determine societal costs...

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Published in:Environmental Quality Management 2000, Vol.10 (2), p.67-82
Main Authors: Beloff, Beth R., Beaver, Earl R., Massin, Heidi
Format: Article
Language:English
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creator Beloff, Beth R.
Beaver, Earl R.
Massin, Heidi
description A study of “harmless” odors was utilized as a platform for determining the cost impact of envi‐ronmental effects resulting from management decisions. The cost to society of “harmless” odors eventually leads to internal costs for companies emitting the odors. It is easier to determine societal costs for “harmless” odors than to estimate the internal costs that eventually accrue to a company. However, larger societal costs will lead to larger company costs; larger societal costs prob‐ably also lead to faster company internalization of costs.c 2000 John Wiley & Sons, Inc.
doi_str_mv 10.1002/1520-6483(200024)10:2<67::AID-TQEM8>3.0.CO;2-B
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source Business Source Ultimate; Wiley-Blackwell Read & Publish Collection
subjects Capital budgeting
Capital costs
Cost assessments
Costs
Environmental effects
Environmental impact
Environmental quality
Eutrophication
Management decisions
Odors
Pollution control
Prevention
Quality management
Studies
Trade restrictions
title Assessing societal costs associated with environmental impacts
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