Assessment of Social Value for a Nuclear-Fueled Electric Economy with Application to the European Community
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Assessment of Social Value for a Nuclear-Fueled Electric Economy with Application to the European Community
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 109 (1989), Iss. 1 : pp. 93–117
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Gottinger, Hans W.
Abstract
This essay focusses on an important public decision problem in energy policy to add on the basis of a given set of coal-fired power plants to generate electricity either nuclear-fueled power plants or another set of coal-fired power plants. To make decisions of that sort with long-run impacts we introduce as valuation criterion the "incremental net social benefit" (INSB) as the difference between the "incremental social benefit" (ISB), caused by the newly introduced technology of electric power generation and the "incremental social cost" (ISC), induced by this technology.