The role of ambiguity in the evaluation of the net benefits of the MOSE system in the Venice lagoon

B-Tier
Journal: Ecological Economics
Year: 2010
Volume: 69
Issue: 10
Pages: 1964-1972

Authors (3)

Fontini, Fulvio (Università degli Studi di Pado...) Umgiesser, Georg (not in RePEc) Vergano, Lucia (not in RePEc)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Several environmental problems are complicated by ambiguity. Sea-level rise following climate change is one relevant example. In this paper, we apply a decision-making approach specifically designed to deal with ambiguity in order to evaluate the net benefits of the mobile barriers system (MOSE), which aims to protect the Venice Lagoon from periodic flooding. We show that the estimated impacts crucially depend on the level of optimism and pessimism of the decision maker and substantially differ from those calculated on the basis of the expected value. We also calculate the implicit ambiguity attitude of the decision maker.

Technical Details

RePEc Handle
repec:eee:ecolec:v:69:y:2010:i:10:p:1964-1972
Journal Field
Environment
Author Count
3
Added to Database
2026-01-25