Between 1996 and 2001 the Government of Canada implemented a multi-million dollar program to restructure and revitalize the British Columbia wild salmon fishery in order to avoid an economic and ecological collapse. This paper provides a brief history of BC salmon fishery policy with emphasis on...

Recent interim guidelines of the Treasury Board Secretariat (2007) recommend a social discount rate (SDR) of 8 percent. This paper argues that this value is based on an inappropriate methodology and is too high. Using a consumption rate of interest and drawing on a growth model, we suggest that...

This article uses cost-benefit analysis to estimate the welfare gains from the privatization of Canadian National Railway (CN) in November 1995, one of the largest rail privatizations in history. It also shows how these gains have been distributed among consumers, producers, and government, and...