Accounting for the probable spatial impact of local activities

Abstract

This paper establishes a probabilistic approach to assessing the spatial impact of a local activity. Three environmental impact probability effects are distinguished; (1) the effect associated with the facility only, for example size, (2) interaction effects of distance, and (3) the effects of a given environmental state on the population. A combination of these provides a quantitative framework for characterizing probabilistically the environmental impact of a given facility. By means of simplifying assumptions, analytical results are found. For a more practical applicaton of this approach, simulation is required. The importance of the approach to environmental impact accounting is stressed.

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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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