摘要
Thispapershowsthatanattachmentofpricesbycourtsorstateagenciestoenvironmentalgoodsiswithoutpropereconomicfoundationandafiction.Avaluationinmonetarytermsofdamagestobiotopesinoilpollutioncasesisarbitraryduetothemissingmarketexchangeprocesses.Itdoesnotmakesensetoattachanexchangeratetonon-exchangeablegoods.Therearenomarketsandpricesforbiodiversityandthereisnomonetisationbycentralbanksforanygoodoutsideofmarkets.Money,neverthelesscreatedbycentralbanksfornon-exchangeablegoodswouldbeusedinexchangesonmarketsandnotleftunused,onlypassivelyreflectinggiven“values”tonon-exchangeablegoods.Byvaluingandmonetizingenvironmentalgoodscentralbankswillproduceatoolargemonetarybasefortheexchangeablegoodsandaffectpricesonmarketsinaninflationaryway.Cashpricesintheformofdamagesforintangiblegoodsarenotmarketprices,butpure“preventionprices”whicharesimilarlyjustifiedlikepenalties,fines,andcompensations.Atareasonableamount,theyareeffective,useful,andrecommendableasanincentivedeviceeveniftheirbasicjustificationisnotbuiltonmarketvaluations.
出版日期
2018年04月14日（中国期刊网平台首次上网日期，不代表论文的发表时间）
