The decisions of many individuals and social groups, taken according to well-defined objectives, causes serious social and environmental problems in spite of following the dictates of economic rationality. There are many examples of serious problems for which there are no appropriate solutions...

Net present value has long been regarded in academic circles as the best criterion for project appraisal; however, several alternative, complementary methods remain popular with practitioners. This paper demonstrates that, if properly applied, several of these standard criteria – such as net...

Unlike the typical issue in which optimality requires some amount of local public goods provided in every town/locality, determining the best location for an indivisible local collective good, is not straightforward by merely appealing to the Pareto efficiency criterion. If two cities are...

This paper identifies the key sectors in greenhouse gas emissions of the Uruguayan economy through input–output analysis. This allows to precisely determine the role played by the different productive sectors and their relationship with other sectors in the relation between the Uruguayan...

Previous studies have presented a model to determine the profitability of delaying a project for a period. In the model it is implicitly assumed that no change affects the project during the period in question. This assumption is opposed to those usually made in dynamic models. Analysing the...

This paper analyzes the carbon dioxide emissions of the service sector subsystem of Uruguay in 2004. Services, with the exception of transport, are often considered intangible because of their low level of direct emissions. However, the provision of services requires inputs produced by other...

The equity implications of alternative climate policy measures are an essential issue to be considered in the design of future international agreements to tackle global warming. This paper specifically analyses the future path of emissions and income distribution and its determinants in...