A model is developed for examining the adoption of photovoltaic systems in single family residences. The model treats photovoltaic devices as consumer durables with a potential for providing a return on investment. In a series of scenarios, we examine a range of estimated market penetrations in...

There are currently debates both about the ability to measure the value of moral sentiments and the nature of benefit-cost analysis. Moral sentiments can be reasonably measured in many situations and their consideration can improve benefit-cost analysis in any case. This argument is presented by...

Lawyers and philosophers have used the Scitovsky paradox to discredit cost-benefit analyses. His paradox is used as a criticism of the potential compensation criterion. But the occurrence of reversals is severely limited. The Compensation Principle, even with its potential nature, requires that...

Benefit–cost analysis informs which policies or programs most benefit society when implemented by governments and institutions around the world. This volume brings together leading researchers and practitioners to recommend strategies and standards to improve the consistency and...