scholarly journals A Social Cost-Benefit Analysis of the Vehicle Restriction Policy for Reducing Overtourism in Udo, Korea

2020 ◽  
Vol 12 (2) ◽  
pp. 612 ◽  
Author(s):  
Suah Kim ◽  
Namjo Kim
Keyword(s):  
Public Policy ◽  
Public Sector ◽  
Social Cost ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Net Benefit ◽  
The Public ◽  
Restriction Policy ◽  
The Social

Overtourism has given rise to conflict among various stakeholders. Accordingly, to control overtourism, the public sector has started to implement policies. Recently, Udo off Jeju Island in South Korea has begun experiencing overtourism; to prevent the situation from deteriorating, the public sector implemented a vehicle restriction policy. This study used a cost-benefit analysis framework to assess the social costs and benefits of the public policy to control overtourism in Udo. Through interviews and relevant data and documents, this study classified analysis items related to the policy that could be either a cost or benefit to different stakeholders. The social cost-benefit analysis showed that the net benefit increases, the longer the policy continues, thus ensuring it is adequate and feasible to implement the policy. An effective management public policy for the sustainability of the region’s tourism should always be promoted.

The Social Cost of Carbon

2021 ◽  
pp. 182-229
Author(s):  
Joseph Heath
Keyword(s):  
Public Sector ◽  
Policy Evaluation ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Social Cost Of Carbon ◽  
Public Philosophy ◽  
The Public ◽  
The Past ◽  
The Social

The past few decades have seen an expansion in the use of cost-benefit analysis as a tool for policy evaluation in the public sector. This slow, steady creep has been a source of consternation to many philosophers and political theorists, who are inclined to view cost-benefit analysis as simply a variant of utilitarianism, and consider utilitarianism to be completely unacceptable as a public philosophy. This chapter attempts to show that this impression is misleading. Despite the fact that when construed narrowly, cost-benefit analysis does look a lot like utilitarianism, when seen in its broader context, in the way that it is applied, and the type of problems to which it is applied, it is better understood as an attempt by the state to avoid taking sides with respect to various controversial conceptions of the good.

Environmental costs and their impact on the net present value of a hydro-electric project in Kerala, India

2003 ◽  
Vol 8 (2) ◽  
pp. 311-330 ◽  
Author(s):  
V. Santhakumar ◽  
Achin Chakraborty
Keyword(s):  
Net Present Value ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Environmental Costs ◽  
Benefit Analysis ◽  
Costs And Benefits ◽  
Net Benefit ◽  
Pulp Industry ◽  
The Social ◽  
The Cost

This paper presents the operational procedures involved in incorporating the environmental costs in the cost–benefit analysis of a hydro-electric project. The proposed project, if implemented, would result in the loss of 2,800 hectares of tropical forests and dislocation of two settlements of about 200 families who are currently dependent on the forests for their livelihood. The forests are mainly used for extracting reed – a material used both by traditional artisans and the paper-pulp industry. The potential environmental costs and benefits of the project are identified and approximate estimates of some of these costs are made for items such as carbon sequestration, bio-diversity, and so on, based on similar estimates made elsewhere. These estimated environmental costs are incorporated into the analysis, and the hypothetical estimate of the non-use value, which would make the project's net benefit zero, is estimated under different discount rates. The analysis brings into sharp focus some crucial factors that have a direct bearing on the social trade-off involved in the project choice.

Application of Cost-Benefit Analysis to the Health Services and the Special Case of Technologic Innovation

1974 ◽  
Vol 4 (2) ◽  
pp. 325-352 ◽  
Author(s):  
Herbert E. Klarman
Keyword(s):  
Cost Effectiveness ◽  
Public Sector ◽  
Health Services ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Cost Effectiveness Analysis ◽  
Benefit Analysis ◽  
Costs And Benefits ◽  
The Public ◽  
Effectiveness Analysis

As an economic technique for evaluating specific projects or programs in the public sector, cost-benefit analysis is relatively new. In this paper, the theory and practice of cost-benefit analysis in general are discussed as a basis for considering its role in assessing technology in the health services. A review of the literature on applications of cost-benefit or cost-effectiveness analysis to the health field reveals that few complete studies have been conducted to date. It is suggested that an adequate analysis requires an empirical approach in which costs and benefits are juxtaposed, and in which presumed benefits reflect an ascertained relationship between inputs and outputs. A threefold classification of benefits is commonly employed: direct, indirect, and intangible. Since the latter pose difficulty, cost-effectiveness analysis is often the more practicable procedure. After summarizing some problems in predicting how technologic developments are likely to affect costs and benefits, the method of cost-benefit analysis is applied to developments of health systems technology in two settings-the hospital and automated multiphasic screening. These examples underscore the importance of solving problems of measurement and valuation of a project or program in its concrete setting. Finally, barriers to the performance of sound and systematic analysis are listed, and the political context of decision making in the public sector is emphasized.

scholarly journals SOCIAL AND PRIVATE PROFITABILITY OF TREE-BASED ADAPTATION OPTIONS TO CLIMATE CHANGE IN A DRYLAND AREA OF TUNISIA

New Medit ◽  
2019 ◽  
Vol 18 (2) ◽  
pp. 89-104
Author(s):  
Hamed Daly-Hassen ◽  
Mohamed Annabi ◽  
Caroline King-Okumu
Keyword(s):  
Climate Change ◽  
Social Cost ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Olive Tree ◽  
Benefit Analysis ◽  
Tree Plantation ◽  
Agricultural Water Use ◽  
The Social ◽  
Olive Trees

Climate change exacerbates the effects of water scarcity on livelihoods. Governments can intervene by structuring incentives for agricultural adaptations so that farmers can choose the ones that create more benefits for the society as a whole. This requires consideration of a range of different benefits to different groups within the social cost-benefit analysis (CBA). We assess the social and private profitability of two alternative tree-based adaptation techniques that have received state support in the traditional barley cropping/rangeland systems in Central Tunisia: olive tree plantation, and intercropping with cactus. The results showed that society does not benefit from offering incentives for olive production. The production of irrigated olive trees without incentives is profitable for farmers and for society, while rainfed plantation is not profitable at all. However, it is possible for farmers to increase their incomes without increasing agricultural water use if they are encouraged to adopt intercropping with cactus to supplement livestock food and watering. The findings highlight scope for policies to balance between returns both for society, and for farmers, as revealed through the application of quantitative social CBA.

scholarly journals Cost-Benefit Analysis and Public Sector Trust

2017 ◽  
Author(s):  
Edward H. Stiglitz
Keyword(s):  
Public Sector ◽  
Social Welfare ◽  
Public Interest ◽  
Analytical Procedure ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Welfare Cost ◽  
Trust Building ◽  
Benefit Analysis ◽  
The Public

Eighty percent of Americans believe that government is run for “a few big interests” rather than the public interest. Rooted in notions of social welfare, cost-benefit analysis might be seen as an analytical procedure to flush out and discourage at least the most egregious abuses in lawmaking authority, thereby encouraging citizens to view their government as essentially pursuing some plausible notion of the public interest. Yet the extent to which cost-benefit analysis might fill this trust-building role is an unaddressed issue. Here, I conduct an experiment based on a (de)regulatory action in the environmental context to examine whether cost-benefit analysis might yield trust dividends. I find that cost-benefit analysis produces large increases in public sector trust, but only when paired with reasonableness review, and only among “elites.” This pattern of findings suggests that, without more, an agency declaration of cost justification is not credible, but that it may be made so through a form of reasonableness review. I discuss the contours of such review, and highlight perils if review is overly aggressive.

Cost-Benefit Analysis as an Expression of Liberal Neutrality

2020 ◽  
pp. 187-253
Author(s):  
Joseph Heath
Keyword(s):  
Public Sector ◽  
Policy Evaluation ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Public Philosophy ◽  
Steady Creep ◽  
Liberal Neutrality ◽  
The Public ◽  
The Past

The past few decades have seen an expansion in the use of cost-benefit analysis as a tool for policy evaluation in the public sector. This slow, steady creep has been a source of consternation to many philosophers and political theorists, who are inclined to view cost-benefit analysis as simply a variant of utilitarianism and consider utilitarianism to be completely unacceptable as a public philosophy. The chapter shows that this impression is misleading. When construed narrowly, cost-benefit analysis does look a lot like utilitarianism. However, when it is seen in its broader context, in the way that it is applied, and the types of problem to which it is applied, it is better understood as an attempt by the state to avoid taking sides with respect to various controversial conceptions of the good.

scholarly journals The Social Cost of Sub-Soil Resource Use

Resources ◽  
2019 ◽  
Vol 8 (1) ◽  
pp. 19 ◽  
Author(s):  
Tom Huppertz ◽  
Bo Weidema ◽  
Simon Standaert ◽  
Bernard De Caevel ◽  
Elisabeth van Overbeke
Keyword(s):  
Life Cycle Assessment ◽  
Life Cycle ◽  
Discount Rate ◽  
Social Cost ◽  
Cost Benefit Analysis ◽  
Market Price ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Hotelling Rule ◽  
The Social

This paper presents a market-price-based method to value sub-soil resources in environmental Cost-Benefit Analysis and Life Cycle Assessment. The market price incorporates the privileged information of the market agents, explicitly or implicitly anticipating future applications of the resource, future backstop technologies, recycling potentials, the evolution of reserves and extraction costs. The market price is therefore considered as the best available integrated information reflecting the actual values of these parameters. Our method is based on the Hotelling rule and the fact that private agents discount future costs and benefits at a higher rate than society as a whole. In practice, the price of the last resource unit sold is calculated with the Hotelling rule using a market discount rate. Then, the price at depletion is retropolated with a social discount rate smaller than the market discount rate. The resulting corrected “socially optimal” price is higher than the market price. The method allows to calculate the social cost of resource exhaustion, which is applicable in Cost-Benefit Analysis and Life Cycle Assessment. The method is applied to mineral and fossil resources and the results are compared with other recent methods that seek to place a monetary value on resource depletion.

scholarly journals Road Supply in Central London: Addition of an Ignored Social Cost

2014 ◽  
Author(s):  
Omid M. Rouhani ◽  
Christopher R. Knittel ◽  
Debbie Niemeier
Keyword(s):  
Social Cost ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Cost Curve ◽  
Benefit Analysis ◽  
Long Run ◽  
The Social ◽  
Land Rents ◽  
The Cost ◽  
Congestion Charging

Studies examining the social cost of driving usually ignore the opportunity cost of having roads in place: the associated land rents. Especially for geographic regions where land is valuable, including the rent costs may even lead governments to close some roads. By using the London congestion charging zone case, a more general long-run social cost curve is calculated with the addition of the rents. Based on the optimal road usage concept, this study found that including the rents in the cost/benefit analysis significantly affects the results and can increase the social cost by up to 200% and decrease the optimal road usage by 40%.

Estimating the Social Cost of Using Agricultural Land in the Punjab

1975 ◽  
Vol 14 (3) ◽  
pp. 296-314
Author(s):  
Shahrukh Rafi Khan
Keyword(s):  
Social Cost ◽  
Agricultural Land ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Policy Makers ◽  
The Social ◽  
Sugar Mills ◽  
A Site ◽  
The Cost

Pakistan, like any developing country, must regularly divert some of the scarce agricultural land to an alternative use—to another crop, to a site for a reservoir or a plant for processing agriculture's output, or to industrial, com¬mercial or housing purposes. This paper is an exercise in estimating he social cost of releasing agricultural land in the Punjab for use in another activity. It will, hopefully, serve as a model for planners and policy-makers who are con¬fronted with specific projects requiring cost-benefit analysis. For example, Pakistan's Fifth Five-Year Plan calls for construction of numerous sugar mills, sites for which will require an estimated 100 acres of agricultural land per mill. The-cost of using this land for sugar refining may be expressed in terms of the net value of the agricultural output foregone. Similarly, if cane cultivation > is extended to provide input for the refineries, its cost must be evaluated by the value of the crops which are foregone.

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