Buying certification: pigs in pokes, warm glows, and unexploded Report as inadecuate




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Creating markets is becoming a popular way of treating forest products that were onceroutinely regarded as externalities. Following this philosophy, a certification premium mightbe regarded as a valuation of the environmental (and possibly social) benefits of growingtimber sustainably and in an environmentally friendly manner. However, the free-riderproblem, the multiplicity of interpretations of sustainability, and profound ignorance of therelationship between certified products bought and environmental benefits achieved, all makeit unlikely that the premium (if it exists) reflects anything other than a degree of moralsatisfaction achieved by purchasing certified timber. Whether even this is to be regarded asan addition to welfare is debatable. However, a certification premium might be paid as a wayof “acting rightly”. This justifies a proper and direct evaluation of the externalities, and of thecosts required to avoid them.

Subject(s): Environmental Economics and Policy

Land Economics/Use

Issue Date: 2006-05

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/198605 Published in: Scandinavian Forest Economics: Proceedings of the Biennial Meeting of the Scandinavian Society of Forest Economics

2006, Number 41 Page range: 265-272

Total Pages: 9

Record appears in: Scandinavian Society of Forest Economics > Scandinavian Forest Economics: Proceedings of the Biennial Meeting of the Scandinavian Society of Forest Economics > 2006, Number 41, May 8-11, 2006, Uppsala, Sweden





Author: Price, Colin

Source: http://ageconsearch.umn.edu/record/198605?ln=en







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