Private Cost-Benefit Analysis of Chlordecone Use by Plantation Owners
For banana plantation owners in Guadeloupe and Martinique, the use of chlordecone from 1972 to 1993 was a rational decision based on a private cost-benefit analysis. The pesticide, which was legal at the time, effectively controlled the banana weevil, thereby reducing production costs and increasing profits. This narrow economic calculation focused solely on the private gains for the plantations and did not factor in the significant external costs imposed on society.
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Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.10 Market successes and failures: The societal effects of private decisions - The Economy 2.0 Microeconomics @ CORE Econ
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Private Cost-Benefit Analysis of Chlordecone Use by Plantation Owners
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