Assessment of environmental and economic benefits of packaging waste system in Italy

The paper quantifies social costs and social benefits of packaging waste management system in Italy from 2015 to 2030. Future social costs and benefits are estimated based on the growth of waste generated and on the stringency of recycling and landfilling targets. Packaging waste generation is projected based on macroeconomic factors, consumer practices and technological eco-innovations. Social benefits are derived by the reduction of externalities' correspondent to the achievement of packaging waste management targets. We quantify two environmental ben-efits: avoided emissions and raw materials saved. We find that social costs may rise substan-tially in the future, as total system's operations costs in 2030 may increase by 48% with re-spect to 2015, due to the growth in the quantities of packaging waste generated. Meeting recy-cling and landfilling targets set by the new Circular Economy Package would imply a further 5% increase in total social costs in 2015. This latter increase is more than compensated by so-cial benefits related to the reduction in externalities due to more stringent targets.

Cost-Benefit Analysis of Evidence Law and Factfinding

Utility considerations have been central to legal factfinding, at least since the days of Jeremy Bentham, the founding father of utilitarianism and a prominent evidence law theorist. A direct line can be drawn from Bentham’s “principle of utility” to cost-benefit analysis (CBA) so it would seem only natural that the realms of evidence law and judicial factfinding would harbor this type of reasoning. However, when legal scholarship began to incorporate economic reasoning and to address issues from a CBA perspective, evidence law and the practice of judicial factfinding remained very much out of the picture. The object of this chapter is to highlight the prospects for integrating CBA into contemporary evidentiary policy and institutions, and to draw the general contours of the evolving scholarship in these fields of research. It describes and analyzes two economically driven models of evidence and proof: the cost-minimization model, geared toward minimization of the cost of errors and the cost of accuracy as a total sum, and the primary behavior model aiming to incentivize socially optimal behavior and interactions. This analysis identifies the models’ difficulties, engendered, for the most part, by the misalignment between the private and the social costs and benefits of adjudication, and addresses the models’ relationship to the existing evidentiary rules and institutions.

Intercropping—Evaluating the Advantages to Broadacre Systems

Intercropping is considered by its advocates to be a sustainable, environmentally sound, and economically advantageous cropping system. Intercropping systems are complex, with non-uniform competition between the component species within the cropping cycle, typically leading to unequal relative yields making evaluation difficult. This paper is a review of the main existing metrics used in the scientific literature to assess intercropping systems. Their strengths and limitations are discussed. Robust metrics for characterising intercropping systems are proposed. A major limitation is that current metrics assume the same management level between intercropping and monocropping systems and do not consider differences in costs of production. Another drawback is that they assume the component crops in the mixture are of equal value. Moreover, in employing metrics, many studies have considered direct and private costs and benefits only, ignoring indirect and social costs and benefits of intercropping systems per se. Furthermore, production risk and growers’ risk preferences were often overlooked. In evaluating intercropping advantage using data from field trials, four metrics are recommended that collectively take into account all important differences in private costs and benefits between intercropping and monocropping systems, specifically the Land Equivalent Ratio, Yield Ratio, Value Ratio and Net Gross Margin.

Findings from the LHC/HL-LHC Programme

This note summarizes the results of a social Cost–Benefit Analysis (CBA) of the High Luminosity upgrade of the Large Hadron Collider (HL-LHC). The social CBA methodology is well-suited to assess social costs and benefits of the HL-LHC up to 2038. The analysis shows that the ratio between incremental benefits and incremental costs of the HL-LHC with respect to operating the LHC under normal consolidation (i.e. without high-luminosity upgrade) is slightly over 1.7, meaning that each Swiss Franc invested in the HL-LHC upgrade project pays back approximately 1.7 CHF in societal benefits. The rest of the note is organized as follows. We first discuss the merits of CBA; next, we present the methodology and discuss the results.

Quantifying the social costs and benefits of tobacco in Estonia

BackgroundThe tobacco cost literature has predominantly focused on estimating direct healthcare costs and productivity losses from morbidity and mortality. This study places a greater focus on the effects that arise through the fiscal system, illicit trade and fire accidents to estimate the social costs and benefits of tobacco use in Estonia in 2018.MethodsA prevalence-based cost-of-illness approach was used, relying on data from the 2017–2018 period. Age-specific tobacco-attributable fractions were employed to estimate the costs and benefits of tobacco-related morbidity and mortality. Data on mortality, morbidity and healthcare costs were received from the National Institute of Health Development and the Estonian Health Insurance Fund. We used data for offences and fires from the Estonian Rescue Board and the Estonian Tax and Customs Board.ResultsIt was estimated that the total social cost attributable to tobacco in Estonia in 2018 was €174 million, representing 0.67% of the nation’s GDP. If future benefits are also considered, the net social cost is €78 million. While the greatest cost components are productivity losses from mortality and morbidity, the level of tobacco-related law enforcement costs are comparable to direct healthcare costs, both of which exceed €10 million annually.ConclusionsDespite the substantial social benefits arising through the fiscal system, tobacco-related costs outweighed these benefits in Estonia in 2018. In addition, a considerable portion of the economic burden of tobacco is associated with illicit trade. Therefore, the healthcare and law enforcement sectors would both benefit from effective tobacco control policies.