Multi-Government Cost-Benefit Analysis: Shadow Prices and Incentives

2006 ◽  
Author(s):  
Massimo Florio
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Shadow Prices ◽  
Benefit Analysis

scholarly journals "Shadow Prices for Pakistan: An Assessment of Alternative Estimates" - A Reply

1980 ◽  
Vol 19 (1) ◽  
pp. 75-77
Author(s):  
John Weiss
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Shadow Prices ◽  
Social Analysis ◽  
Benefit Analysis ◽  
Weighting System ◽  
Project Appraisal ◽  
Shadow Pricing ◽  
General Thrust

Ms. Tsakok (I) has done a useful job in summarising and commenting on the various estimates of shadow prices which appeared in the symposium on shadow pricing in Pakistan, published in the Summer 1979 issue of this Review. However, her discussion of my paper in the symposium (3) 1 is misleading regarding a number of points of detail, and, more seriously, obscures the general thrust of the argument. Considering the detailed points first, Ms. Tsakok is concerned with a comparison of the values of the key shadow prices given in the different studies as well as with the explanations for the variations between the different estimates. However, JW discusses not the estimation of a set of shadow prices for Pakistan, but the broader question of the implications of the use of an income-weighting system, described conventionally as 'social' analysis, in project appraisal. The shadow prices attributed to my work in Table I of Ms. Tsakok's paper (II are not in fact contained in JW. but are taken from an earlier mimeographed paper written in 1977. These shadow prices are preliminary estimates, which are not used in my more detailed study on cost benefit analysis in Pakistan [2]. Furthermore, It is strange to find these estimates cited, since they conflict with the analysis of JW, which is the paper under review.

scholarly journals Towards a Synthesis of Semi-Input-Output and Little-Mirrlees: A Social Cost-Benefit Analysis with Multiplier Effects of An Irrigation Project in Northwest Malaysia

1979 ◽  
Vol 18 (2) ◽  
pp. 165-185
Author(s):  
Clive Bell ◽  
Siiantayanan Devarajan
Keyword(s):  
Social Cost ◽  
Cost Benefit Analysis ◽  
Value Added ◽  
Investment Project ◽  
Cost Benefit ◽  
Shadow Prices ◽  
Benefit Analysis ◽  
Irrigation Project ◽  
Downstream Effects ◽  
The Right

An investment project has effects on the incomes of households, firms and government , not only directly through the value added produced by the project it9Cif, but also by inducing additional output through inter-industry linkages and expenditures out of the extra incomes accruing to its beneficiaries. The latter, sometimes called the "multiplier" or "downstream" effects of a project , have been discussed in some of the recent literature on social cost benefit analysis [6, II]. These contributions have been concerned with the "multiplier" or "downstream" effects of projects, and with the derivation of shadow prices which capture all such effects in full. If these shadow prices are correctly calculated, so it is asserted, then valuing a project 's direct inputs and outputs at these prices yields the right measure of its social profitability . This approach is in the spirit of, and consistent with , that of the various manuals on social cost• benefit analysis [9. 13, 16] .

Green accounting using imperfect, current prices

2002 ◽  
Vol 7 (2) ◽  
pp. 207-214 ◽  
Author(s):  
Robert D. Cairns
Keyword(s):  
Developing Countries ◽  
Natural Resources ◽  
Cost Benefit Analysis ◽  
National Income ◽  
Cost Benefit ◽  
Partial Equilibrium ◽  
Shadow Prices ◽  
Benefit Analysis ◽  
Equilibrium Models ◽  
Green Accounting

Especially in developing countries, natural resources and the environment are not optimally managed. Even so, it is possible for green accounts based on current prices to measure the realized contributions of the environment to net product. The prices for use in the green accounts, however, are not necessarily shadow prices as would be recommended by cost–benefit analysis: in practice, green or comprehensive NNP is an approximation of an index of welfare. The fact that a linearization of generalized national income is used implies that disaggregated, partial-equilibrium models of resources are useful.

Principles of Cost-Benefit Analysis for Developing Countries

1996 ◽  
Author(s):  
Caroline L. Dinwiddy ◽  
Francis J. Teal
Keyword(s):  
Developing Countries ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis

Cost Benefit Analysis of Freeway Service Patrol Programs: A Case Study in Florida

2012 ◽  
Author(s):  
Pei-Sung Lin ◽  
Aldo Fabregas ◽  
Hongyun Chen
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis
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