...... and how much for your grandmother?

Abstract

Environmental planners frequently make decisions about projects which cost lives. The rational calculation of the optimal sacrifice of human life requires that such lives be made commensurate with all other factors relevant to the project under consideration. The measure most favoured by decision makers in charge of complex social problems is cash. This paper discusses the significance of recent progress toward the discovery of the correct cash value of human life.

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Research Papers in Economics

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Last time updated on 7/6/2012

This paper was published in Research Papers in Economics.

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