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A Multiple Account Framework For Cost-Benefit Analysis

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The paper presents a spreadsheet-based multiple account approach to cost-benefit analysis which incorporates all the usual concerns of cost-benefit analysts such as shadow-pricing to account for market failure, distribution of net benefits, sensitivity and risk analysis, cost of public funds, and environmental effects. The approach offers a number of advantages to both analysts and decision-makers, including transparency, a check on internal consistency and a detailed summary of project net benefits disaggregated by stakeholder group.

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File URL: http://www.uq.edu.au/economics/abstract/328.pdf
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Bibliographic Info

Paper provided by School of Economics, University of Queensland, Australia in its series Discussion Papers Series with number 328.

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Date of creation: 2003
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Handle: RePEc:qld:uq2004:328

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Web page: http://www.uq.edu.au/economics/
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  1. William N. Trumbull, 1990. "Reply to whittington and macRae," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 9(4), pages 548-550.
  2. William N. Trumbull, 1990. "Who has standing in cost-benefit analysis?," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 9(2), pages 201-218.
  3. Dale Whittington & Duncan Macrae, 1990. "Comment: Judgments about who has standing in cost-benefit analysis," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 9(4), pages 536-547.
  4. Dale Whittington & Duncan MacRae, 1986. "The issue of standing in cost-benefit analysis," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 5(4), pages 665-682.
  5. Richard O. Zerbe, 1991. "Comment: Does benefit cost analysis stand alone? rights and standing," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 10(1), pages 96-105.
  6. Willig, Robert D, 1976. "Consumer's Surplus without Apology," American Economic Review, American Economic Association, American Economic Association, vol. 66(4), pages 589-97, September.
  7. Campbell, H F & Bond, K A, 1997. "The Cost of Public Funds in Australia," The Economic Record, The Economic Society of Australia, The Economic Society of Australia, vol. 73(220), pages 22-34, March.
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Cited by:
  1. Lawrence, Craig, 2009. "Identifying an Australian ‘Shadow’ Benefit / Cost Ratio for Public Projects," MPRA Paper 13481, University Library of Munich, Germany.
  2. Grimaldi, Raffaele & Beria, Paolo, 2013. "Open issues in the practice of cost benefit analysis of transport projects," MPRA Paper 53766, University Library of Munich, Germany.

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