IDEAS home Printed from https://ideas.repec.org/a/sae/pubfin/v8y1980i2p131-152.html
   My bibliography  Save this article

Distinguishing between Money income and Utility income in Cost-Benefit Analisys

Author

Listed:
  • Robert J. Brent

    (University of Essex)

Abstract

To date, the distinction between money income and utility income has been recognized only in an efficiency context. This article argues that it is also srgnificant in an income redistribution context and can be used to identify the form which such redistribution is to take, cash or kind. To illustrate its practical significance, this distinction is shown to underlie the social evaluation of time savings which appear as benefits in many public transport investments. By imputation from past railway closure decisions in the United Kingdom, a value for time twice the conventional evaluation is obtained.

Suggested Citation

  • Robert J. Brent, 1980. "Distinguishing between Money income and Utility income in Cost-Benefit Analisys," Public Finance Review, , vol. 8(2), pages 131-152, April.
    • Handle: RePEc:sae:pubfin:v:8:y:1980:i:2:p:131-152
    DOI: 10.1177/109114218000800201
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/109114218000800201
    Download Restriction: no
    File URL: https://libkey.io/10.1177/109114218000800201?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Edgar Olsen, 1969. "A normative theory of transfers," Public Choice, Springer, vol. 6(1), pages 39-58, March.
    2. Martin S. Feldstein, 1964. "Net Social Benefit Calculation And The Public Investment Decision," Oxford Economic Papers, Oxford University Press, vol. 16(1), pages 114-131.
    3. Hochman, Harold M & Rodgers, James D, 1971. "Is Efficiency a Criterion for Judging Redistribution?," Public Finance = Finances publiques, , vol. 26(2), pages 348-360.
    4. Edgar K. Browning, 1975. "The Externality Argument For In‐Kind Transfers: Some Critical Remarks," Kyklos, Wiley Blackwell, vol. 28(3), pages 526-544, August.
    5. repec:bla:kyklos:v:28:y:1975:i:3:p:526-44 is not listed on IDEAS
    6. Diamond, P. A. & McFadden, D. L., 1974. "Some uses of the expenditure function in public finance," Journal of Public Economics, Elsevier, vol. 3(1), pages 3-21, February.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Robert J. Brent, 1984. "Use of Distributional Weights in Cost-Benefit Analysis: a Survey of Schools," Public Finance Review, , vol. 12(2), pages 213-230, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bruno De Borger, 1986. "In-Kind Redistribution and Demand-Oriented Housing Subsidies: Some Micro-Simulation Results," Public Finance Review, , vol. 14(3), pages 235-261, July.
    2. Syed M. Ahsan & Panagiotis Tsigaris, 2009. "The Efficiency Loss of Capital Income Taxation under Imperfect Loss Offset Provisions," Public Finance Review, , vol. 37(6), pages 710-731, November.
    3. Gaspar, Ví­tor & Afonso, António, 2006. "Excess burden and the cost of inefficiency in public services provision," Working Paper Series 601, European Central Bank.
    4. Carlos de Miguel & Baltasar Manzano, 2006. "Optimal Oil Taxation in a Small Open Economy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 9(3), pages 438-454, July.
    5. Dieckhoener, Caroline & Hecking, Harald, 2012. "Greenhouse Gas Abatement Cost Curves of the Residential Heating Market – a Microeconomic Approach," EWI Working Papers 2012-16, Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI).
    6. Raimondos-Moller, Pascalis & Woodland, Alan D., 2006. "Measuring tax efficiency: A tax optimality index," Journal of Public Economics, Elsevier, vol. 90(10-11), pages 1903-1922, November.
    7. H. Allen Klaiber & V. Kerry Smith, 2013. "Developing general equilibrium benefit analyses for social programs: an introduction and example," Chapters, in: Scott O. Farrow & Richard Zerbe, Jr. (ed.), Principles and Standards for Benefit–Cost Analysis, chapter 6, pages 194-246, Edward Elgar Publishing.
    8. Laurence J. Kotlikoff & Bernd Raffelhüeschen & Christian D. Hagist, 2009. "How regional differences in taxes and public goods distort life cycle location choices," Hacienda Pública Española / Review of Public Economics, IEF, vol. 189(2), pages 47-79, June.
    9. Nerlove, Marc & Razin, Assaf & Sadka, Efraim, 1983. "Economic Issues in Population Policy," Foerder Institute for Economic Research Working Papers 275372, Tel-Aviv University > Foerder Institute for Economic Research.
    10. Mervyn A. King, 1983. "The Distribution of Gains and Losses from Changes in the Tax Treatment of Housing," NBER Chapters, in: Behavioral Simulation Methods in Tax Policy Analysis, pages 109-138, National Bureau of Economic Research, Inc.
    11. Michael Smart, 2002. "Reforming the Direct–Indirect Tax Mix," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 9(2), pages 143-155, March.
    12. Mickaël Beaud & Thierry Blayac & Patrice Bougette & Soufiane Khoudmi & Philippe Mahenc & Stéphane Mussard, 2013. "Estimation du coût d'opportunité des fonds publics pour l'économie française," Working Papers halshs-01077141, HAL.
    13. Charles L. Ballard & Don Fullerton, 1992. "Distortionary Taxes and the Provision of Public Goods," Journal of Economic Perspectives, American Economic Association, vol. 6(3), pages 117-131, Summer.
    14. Bell, Frederick W., 1969. "Benefit-Cost Analysis As Applied to Commercial Fisheries Programs," Working Papers 233018, United States Bureau of Commercial Fisheries, Division of Economic Research.
    15. Gotor, Elisabetta & Tsigas, Marinos E., 2006. "Effects of EU Sugar Trade Reforms on Poor Households in Africa: A General Equilibrium Analysis," Conference papers 331506, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    16. Qidi Zhang & Leonard F.S. Wang & Yapo Yang, 2020. "Indirect taxation with shadow cost of public funds in mixed oligopoly," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(3), pages 415-425, April.
    17. Casey Mulligan & Tomas Philipson, "undated". "Merit Motives and Government Intervention: Public Finance in Reverse," University of Chicago - Population Research Center 2000-03, Chicago - Population Research Center.
    18. Nan, Gehuang D., 1995. "An energy Btu tax alternative," Resource and Energy Economics, Elsevier, vol. 17(3), pages 291-305, November.
    19. M. Ali Khan & Edward E. Schlee, 2016. "On Lionel McKenzie's 1957 intrusion into 20th‐century demand theory," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 49(2), pages 589-636, May.
    20. Liqun Liu & Andrew J. Rettenmaier & Thomas R. Saving, 2004. "A Generalized Approach to Multigeneration Project Evaluation," Southern Economic Journal, John Wiley & Sons, vol. 71(2), pages 377-396, October.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:pubfin:v:8:y:1980:i:2:p:131-152. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.