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Ethical and Economic Elements in Public Service Valuation

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  • James E. Allison

Abstract

A distinction between ethical value and economic value, 27. — Four theories of valuation for purposes of public regulation, 30. — I. Original Cost Theory. Its practicability, 31. — The problem how to deal with appreciation of land, 32. — II. Continuous Property, or "Antigo," Theory, 34. — Ethical and practical difficulties, 36. — III. Theory of Cost of Reproduction New, 37. — Cases illustrating its possible injustice, 38. — Practical difficulties, 39. — IV. Theory of Cost of Duplicating the Service, 41. — Cases illustrating its difficulties, 42. — No one of these theories fully satisfactory, 43. — Original Cost nearest approaches justice, 47. —; but is to be interpreted in terms of Efficient Sacrifice, 48.

Suggested Citation

  • James E. Allison, 1912. "Ethical and Economic Elements in Public Service Valuation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 27(1), pages 27-49.
    • Handle: RePEc:oup:qjecon:v:27:y:1912:i:1:p:27-49.
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    File URL: http://hdl.handle.net/10.2307/1882669
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    Cited by:

    1. O’Connor Nat, 2018. "The potential for public value frameworks in Northern Ireland and Ireland," Administration, Sciendo, vol. 66(3), pages 33-54, August.

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