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A note on the valuation of collective goods: overlooked input market free riding for non-individually incrementable goods

Graves, Philip E. - 2009

For at least fifty years economists have argued that vertically-aggregated marginal willingness to pay, when set equal to marginal provision cost, will result in optimal public good provision levels. This methodological approach would be expected to yield an exact analog, in terms of optimal...

Persistent link: https://www.econbiz.de/10015219957

The Social Cost of Carbon and the Shadow Price of Carbon: what they are, and how to use them in economic appraisal in the UK

Price, Richard; Thornton, Simeon; Nelson, Stephen - 2007

This paper sets out: - a definition of the social cost of carbon, hitherto used in UK government appraisals to reflect … policy and investment appraisals across UK government; and the factors which the SPC reflects which the social cost of carbon …) consistent with our abatement goal. It will become possible to do this as our knowledge of UK and global MACs improves over the …

Persistent link: https://www.econbiz.de/10015253804

Transportation Project Evaluation Methods/Approaches- Version 2

Rouhani, Omid - 2021

Building upon an earlier version, I further review the key methods to evaluate transportation projects. Since transportation projects offer substantial social benefits and costs, it is vital to provide a comparative analysis on the commonly-used methods, i.e., which method(s) to use and under...

Persistent link: https://www.econbiz.de/10015232710

Transportation Project Evaluation Methods/Approaches- Version 2

Rouhani, Omid - 2021

Persistent link: https://www.econbiz.de/10015232713

Ronald Coase 1910-2013, In memoriam

Fernando, Estrada - 2013

This paper relates to the implications of transaction costs in Ronald Coase. The economics of transaction costs (TCE) is a first-order theoretical framework for understanding both the constraints to the development of the company to warn gaps in current public policy developments with important...

Persistent link: https://www.econbiz.de/10015238603

Ronald Coase 1910-2013, In memoriam

Estrada, Fernando - 2013

Persistent link: https://www.econbiz.de/10015238660

Cost overruns and demand shortfalls – deception or selection?

Eliasson, Jonas; Fosgerau, Mogens - 2013

A number of highly cited papers by Flyvbjerg and associates have shown that ex ante infrastructure appraisals tend to be overly optimistic. Ex post evaluations indicate a bias where investment costs are higher and benefits lower on average than predicted ex ante. These authors argue that the...

Persistent link: https://www.econbiz.de/10015238694

The impact of Informal Credit on Poverty and Inequality: The Case of Vietnam

Nguyen Viet, Cuong; Van den Berg, Marrit - 2011

The informal credit market remains an important source of finance for the poor in Vietnam. Yet, little if anything is known about the ultimate impact of informal loans on poverty and inequality. If informal credit is an important means to decrease poverty, the government may want to reconsider...

Persistent link: https://www.econbiz.de/10015241810

Ronald Coase 1910-2013, In memoriam

Estrada, Fernando - 2014

Persistent link: https://www.econbiz.de/10015244981

Impact Evaluation of Development Programmes and Policies: Experiences from Viet Nam

Nguyen Viet, Cuong - 2014

Poverty reduction is one of major goals of development policy of most countries, especially developing ones. To reduce poverty, numerous development programmes have been implemented throughout the world. In recent decades, researchers as well as policy makers have been increasingly interested in...

Persistent link: https://www.econbiz.de/10015245538