User talk:SDhungel

The Decision Making Flaw
The Decision Making Flaw is a gap between causes of market failure and policies. It occurs when policy fails to consider externalities of the decision. In Environmental decision making, local level management decision is often governed by service entering market, which overlooks many of the ecological services of the existing feature. The decision making authority's failure to understand the economic rent can jeopardize national economy of countries whose large chunk of revenues is generated from ecological goods and services. For example land conversion decision depends on difference in net benefits between the land use modes and is affected by regional and national policies, less frequently by global policies. Land conversion decision is a market characteristics and executives' knowledge gap in such situations promotes reactive approach to environmental problem solving.

--SDhungel (talk) 10:16, 9 February 2008 (UTC)