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This note generalizes the value of life to incorporate the preferences for descendants of a dynastically altruistic decision-maker. It derives the value of progeny and shows how it depends on the Benthamite vs. Millian nature of dynastic altruism.
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This article reviews ministerial claims about the financial benefits of the nine new unitary councils in England and finds them wanting. The new councils' own estimates for costs and savings use a variety of assumptions, some of which are plainly wrong. The resulting figures are not comparable...
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It is highly desirable that public policy should be based on good evidence, but the information available to the Westminster Parliament concerning the costs and benefits of proposed legislation is seriously inadequate. This theme is discussed in relation to laws affecting local government, where...
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When the structure of local government in Great Britain was reorganised during the 1990s, considerable emphasis was placed by the government on the financial savings which would accrue to offset the costs incurred in making the changes. Previous work examined these expectations and found clear...
Persistent link: https://www.econbiz.de/10005104221