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[...] Die vorliegende explorative Studie wurde von der Bertelsmann Stiftung initiiert. Unsere Absicht war es, Argumente für eine Berücksichtigung des europäischen Mehrwerts als Entscheidungskriterium zu sammeln, indem wir die Einsparungen und Verluste genau beziffern, die Ausgaben auf...
This review considers the role of environmental effects in transport investment appraisal, mainly from the perspective of cost-benefit analysis, the most widely adopted appraisal technique. Although the basic principles of CBA are straightforward, several complications are identified that may...
The standard literature on the value of life relies on Yaari’s (1965) model, which includes an implicit assumption of risk neutrality with respect to life duration. To overpass this limitation, we extend the theory to a simple variety of preferences which are not necessarily additively...
New infrastructure projects may affect CO2 emissions and, thus, cost benefit analyses for these projects require a value to apply for CO2. This may be based on the marginal social cost of emissions or on the carbon price resulting from present and future policies. This paper argues that both...