Economic Surplus Concepts and Their Use in Benefit Cost Analysis
The conceptual bases for project evaluation, the use of Hicksian consumer's surplus concepts of value, and the implementation of the currently accepted techniques for valuing non-marketed goods and services, are developed in some detail. While the primary focus is on partial equilibrium analysis of changes pertaining to a single good, some of the complications introduced by multiple changes and general equilibrium conditions are considered.
Volume (Year): 50 (1982)
Issue (Month): 02 (August)
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