A note on how to undertake a cost-benefit analysis in monetary and environmental units

In this note we discuss two alternative ways of undertaking a social cost-benefit analysis. One approach is the conventional one where benefits and costs are expressed in monetary units. The other approach uses an environmental asset as the payment vehicle. The properties of the two approaches are discussed and the measurement problems are stressed.

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Year of publication:	2010-04-06
Authors:	Johansson, Per-Olov ; Kriström, Bengt
Institutions:	CERE - the Center for Environmental and Resource Economics
Subject:	Cost-benefit analysis \| externalities \| choice of numeraire \| habitat equivalence analysis \| resource equivalency methods

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Extent:	application/pdf
Series:	CERE Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series CERE Working Papers Number 2010:1 9 pages
Classification:	D61 - Allocative Efficiency; Cost-Benefit Analysis ; H43 - Project Evaluation; Social Discount Rate ; Q51 - Valuation of Environmental Effects ; Q57 - Ecological Economics: Ecosystem Services; Biodiversity Conservation; Bioeconomics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008692962