In a paper delivered at the December 1955 meeting of the Econometric Society, Paul Samuelson noted that though economists had done "work of high quality and great quantity in the field of taxation," the theory of public expenditure had been "relatively neglected" (1958, 332). Anglo-American...

Tourism and recreational home developments generate much of the economic activity at mountain destinations in Norway. At the same time, resulting land use changes pose a severe threat to ecosystem services. Cost-benefit analysis (CBA) is suitable to examine the trade-offs at the heart of many...

This paper examines the economic foundations of three criteria used for evaluating the costs and benefits of social programs. Some criteria do not consider the scale of programs or address the costs associated with programs that expand or contract the total government budget. A recent addition...

Discounting future costs and benefits is a crucial yet contentious practice in the appraisal of long-term public projects with environmental consequences. The standard approach typically neglects that ecosystem services are not easily substitutable with manufactured goods and often exhibit...

This paper introduces the concept of spillover tax revenues, which are also known as "indirect" or "secondary revenues," or "externality effects." Based on a case study of high-speed rail in Taipei,China, the spillover tax revenues are identified using the regional tax data through a DID...

Assuming individual preferences satisfy the Von Neumann-Morgenstern axioms for expected utility we show how we can measure an individual's expected utility of any state using their willingness to accept a gamble over two reference points. The utility function captures the diminishing marginal...

This paper reviews the cost-benefit analysis, or “regulatory impact analysis” (RIA), in US bank regulators’ risk-based capital (RBC) rule proposals. We review the principles of cost-benefit analysis and its application by US bank regulators. We provide a brief background on RBC rules and...

This paper monetizes the life-cycle intragenerational and intergenerational benefits of the Perry Preschool Project, a pioneering high-quality early childhood education program implemented before Head Start that targeted disadvantaged African-Americans and was evaluated by a randomized trial. It...

This study investigates the trade-off between costs and benefits of bank regulation in Kenya. Using the Stochastic Frontier Analysis (SFA) and Annual data for the period 2003 - 2019, extracted from KBA Financial Database and KNBS macroeconomic data, the study models Industry-level and cluster...

Climate change has adversely affected the livelihoods of people in Ethiopia since a large proportion of the population is heavily dependent on agriculture as their adaptive capacities are perceived to be below. Therefore, this study aimed to identify determinants of farmer adaptation strategies...

The European Commission has for many years advocated fiscal policies in order to improve the employability of young people. This paper aims at providing a preliminary rough estimate of the cost-effectiveness of rebates on social security contributions granted to employers that Italy has utilized...

The paper examines the relevant cost benefit framework for public authorities investigating the potential of local projects to mitigate climate change. Because these projects are typically limited in time and space, continuation pathways need be introduced to capture the benefits provided by a...

This paper examines the monetary benefits and costs of the quantity of public schooling (that is, years of schooling completed) in Ghana. The paper also examines the monetary benefits and costs of some aspects of the quality of public schooling, measured by the gains in achievement produced by...