The Value of Rain: Benefit-Cost Analysis of Rainwater Harvesting Systems

2016 ◽  
Vol 30 (12) ◽  
pp. 4415-4428 ◽  
Author(s):  
Suzanne Dallman ◽  
Anita M. Chaudhry ◽  
Misgana K. Muleta ◽  
Juneseok Lee
Keyword(s):  
Cost Analysis ◽  
Rainwater Harvesting ◽  
Benefit Cost Analysis ◽  
Harvesting Systems ◽  
Benefit Cost

scholarly journals Erratum to: The Value of Rain: Benefit-Cost Analysis of Rainwater Harvesting Systems

2017 ◽  
Vol 31 (13) ◽  
pp. 4373-4374 ◽  
Author(s):  
Suzanne Dallman ◽  
Anita M. Chaudhry ◽  
Misgana K. Muleta ◽  
Juneseok Lee
Keyword(s):  
Cost Analysis ◽  
Rainwater Harvesting ◽  
Benefit Cost Analysis ◽  
Harvesting Systems ◽  
Benefit Cost

Is Rainwater Harvesting Worthwhile? A Benefit–Cost Analysis

2021 ◽  
Vol 147 (4) ◽  
pp. 04021011
Author(s):  
Suzanne Dallman ◽  
Anita M. Chaudhry ◽  
Misgana K. Muleta ◽  
Juneseok Lee
Keyword(s):  
Cost Analysis ◽  
Rainwater Harvesting ◽  
Benefit Cost Analysis ◽  
Benefit Cost

What’s in, what’s out? Towards a rigorous definition of the boundaries of benefit-cost analysis

2021 ◽  
pp. 1-17
Author(s):  
Daniel Acland
Keyword(s):  
Cost Analysis ◽  
Willingness To Pay ◽  
Low Cost ◽  
Consumer Sovereignty ◽  
Benefit Cost Analysis ◽  
Rigorous Definition ◽  
Pareto Criterion ◽  
Definition Of ◽  
Benefit Cost

Abstract Benefit-cost analysis (BCA) is typically defined as an implementation of the potential Pareto criterion, which requires inclusion of any impact for which individuals have willingness to pay (WTP). This definition is incompatible with the exclusion of impacts such as rights and distributional concerns, for which individuals do have WTP. I propose a new definition: BCA should include only impacts for which consumer sovereignty should govern. This is because WTP implicitly preserves consumer sovereignty, and is thus only appropriate for ‘sovereignty-warranting’ impacts. I compare the high cost of including non-sovereignty-warranting impacts to the relatively low cost of excluding sovereignty-warranting impacts.

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