IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/15126_9.html
   My bibliography  Save this book chapter

Incorporating distributional issues into benefit–cost analysis: why, how, and two empirical examples using non-market valuation

In: Principles and Standards for Benefit–Cost Analysis

Author

Listed:
  • John B. Loomis

Abstract

Benefit–cost analysis informs which policies or programs most benefit society when implemented by governments and institutions around the world. This volume brings together leading researchers and practitioners to recommend strategies and standards to improve the consistency and credibility of such analyses, assisting analysts of all types in achieving a greater uniformity of practice.

Suggested Citation

  • John B. Loomis, 2013. "Incorporating distributional issues into benefit–cost analysis: why, how, and two empirical examples using non-market valuation," Chapters, in: Scott O. Farrow & Richard Zerbe, Jr. (ed.), Principles and Standards for Benefit–Cost Analysis, chapter 9, pages 294-316, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15126_9
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/9781781953433.00015.xml
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Robin Boadway, 1976. "Integrating Equity and Efficiency in Applied Welfare Economics," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(4), pages 541-556.
    2. Loomis, John & Bell, Paul & Cooney, Helen & Asmus, Cheryl, 2009. "A Comparison of Actual and Hypothetical Willingness to Pay of Parents and Non-Parents for Protecting Infant Health: The Case of Nitrates in Drinking Water," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 41(3), pages 697-712, December.
    3. Scott Farrow, 2011. "Incorporating Equity in Regulatory and Benefit‐Cost Analysis Using Risk‐Based Preferences," Risk Analysis, John Wiley & Sons, vol. 31(6), pages 902-907, June.
    4. Aidan R. Vining & David L. Weimer, 2013. "An assessment of important issues concerning the application of benefit–cost analysis to social policy," Chapters,in: Principles and Standards for Benefit–Cost Analysis, chapter 1, pages 25-62 Edward Elgar Publishing.
    5. John B. Loomis & Pierre H. duVair, 1993. "Evaluating the Effect of Alternative Risk Communication Devices on Willingness to Pay: Results from a Dichotomous Choice Contingent Valuation Experiment," Land Economics, University of Wisconsin Press, vol. 69(3), pages 287-298.
    6. Schmitz, Andrew & Schmitz, Troy G., 2010. "Benefit-Cost Analysis: Distributional Considerations under Producer Quota Buyouts," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 1(01), pages 1-15, July.
    7. H. Spencer Banzhaf & Randall P. Walsh, 2008. "Do People Vote with Their Feet? An Empirical Test of Tiebout," American Economic Review, American Economic Association, vol. 98(3), pages 843-863, June.
    8. Aidan R. Vining & David L. Weimer, 2013. "An assessment of important issues concerning the application of benefit–cost analysis to social policy," Chapters, in: Scott O. Farrow & Richard Zerbe, Jr. (ed.), Principles and Standards for Benefit–Cost Analysis, chapter 1, pages 25-62, Edward Elgar Publishing.
    9. Raymond M. Leuthold, 1969. "Government Payments and the Distribution of Income in Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 51(5), pages 1520-1523.
    10. J. Andrès Espinosa & V. Kerry Smith, 1995. "Measuring the Environmental Consequences of Trade Policy: A Nonmarket CGE Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(3), pages 772-777.
    11. Suits, Daniel B, 1977. "Measurement of Tax Progressivity," American Economic Review, American Economic Association, vol. 67(4), pages 747-752, September.
    12. Peter Berck & Sandra Hoffmann, 2002. "Assessing the Employment Impacts of Environmental and Natural Resource Policy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 22(1), pages 133-156, June.
    13. Jenkins, G.P., 1998. "Evaluation of Stakeholder Impacts in Cost-Benefit Analysis," Papers 631, Harvard - Institute for International Development.
    14. W. Michael Hanemann, 1994. "Valuing the Environment through Contingent Valuation," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 19-43, Fall.
    15. Kerry Krutilla, 2005. "Using the Kaldor-Hicks tableau format for cost-benefit analysis and policy evaluation," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 24(4), pages 864-875.
    16. Robert N. Stavins, 1998. "What Can We Learn from the Grand Policy Experiment? Lessons from SO2 Allowance Trading," Journal of Economic Perspectives, American Economic Association, vol. 12(3), pages 69-88, Summer.
    17. Harberger, Arnold C, 1984. "Basic Needs versus Distributional Weights in Social Cost-Benefit Analysis," Economic Development and Cultural Change, University of Chicago Press, vol. 32(3), pages 455-474, April.
    18. Mark S. Thompson & J. Leighton Read & Matthew Liang, 1984. "Feasibility of Willingness-to-Pay Measurement in Chronic Arthritis," Medical Decision Making, , vol. 4(2), pages 195-215, June.
    19. Edward Renshaw, 1990. "Analysis," Challenge, Taylor & Francis Journals, vol. 33(3), pages 56-58, May.
    20. Cornes,Richard & Sandler,Todd, 1996. "The Theory of Externalities, Public Goods, and Club Goods," Cambridge Books, Cambridge University Press, number 9780521477185, September.
    21. Zabel, Jeffrey E., 2004. "The demand for housing services," Journal of Housing Economics, Elsevier, vol. 13(1), pages 16-35, March.
    22. Schmitz Andrew & Schmitz Troy G., 2010. "Benefit-Cost Analysis: Distributional Considerations under Producer Quota Buyouts," Journal of Benefit-Cost Analysis, De Gruyter, vol. 1(1), pages 1-15, July.
    23. Paul R. Portney, 1994. "The Contingent Valuation Debate: Why Economists Should Care," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 3-17, Fall.
    24. John B. Loomis & Charles F. Revier, 1988. "Measuring Regressivity of Excise Taxes: A Buyers Index," Public Finance Review, , vol. 16(3), pages 301-314, July.
    25. repec:reg:rpubli:299 is not listed on IDEAS
    26. Peter A. Diamond & Jerry A. Hausman, 1994. "Contingent Valuation: Is Some Number Better than No Number?," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 45-64, Fall.
    27. Schmitz, Andrew & Schmitz, Troy G., 2010. "Benefit-Cost Analysis: Distributional Considerations under Producer Quota Buyouts," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 1(1), pages 1-15, July.
    28. David A. Long & Charles D. Mallar & Craig Thornton, 1981. "Evaluating the Benefits and Costs of the Job Corps," Mathematica Policy Research Reports ba3a91e82f5f43b48bab18ea4, Mathematica Policy Research.
    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. Martin, Will & Ivanic, Maros & Mamun, Abdullah, 2021. "Modeling Development Policies with Multiple Objectives," 2021 Conference, August 17-31, 2021, Virtual 315330, International Association of Agricultural Economists.
    2. Mohammad Ismail & Abukar Warsame & Mats Wilhelmsson, 2022. "Who Owns the City, and Why Should We Care?," Land, MDPI, vol. 11(4), pages 1-16, March.
    3. Nerhagen, Lena & Pyddoke , Roger & Jussila Hammes, Johanna, 2014. "Response to a social dilemma : an analysis of the choice between an economic and an environmental optimum in a policy making context," Working papers in Transport Economics 2014:8, CTS - Centre for Transport Studies Stockholm (KTH and VTI).
    4. Stoeckl, Natalie & Hicks, Christina & Farr, Marina & Grainger, Daniel & Esparon, Michelle & Thomas, Joseph & Larson, Silva, 2018. "The Crowding Out of Complex Social Goods," Ecological Economics, Elsevier, vol. 144(C), pages 65-72.
    5. Lisa A. Robinson & James K. Hammitt, 2013. "Behavioral economics and the conduct of benefit–cost analysis: towards principles and standards," Chapters, in: Scott O. Farrow & Richard Zerbe, Jr. (ed.), Principles and Standards for Benefit–Cost Analysis, chapter 10, pages 317-363, Edward Elgar Publishing.
    6. Aboal, Diego & Perera, Marcelo & Tacsir, Ezequiel & Vairo, Maren, 2018. "A guide for the evaluation of programs of human capital training for science, technology and innovation," MERIT Working Papers 2018-031, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    7. Helen Scarborough & Jeff Bennett, 2012. "Cost–Benefit Analysis and Distributional Preferences," Books, Edward Elgar Publishing, number 14376.
    8. Karoly Lynn A., 2012. "Toward Standardization of Benefit-Cost Analysis of Early Childhood Interventions," Journal of Benefit-Cost Analysis, De Gruyter, vol. 3(1), pages 1-45, January.
    9. Gillespie, Rob & Kragt, Marit E., 2012. "Accounting for Nonmarket Impacts in a Benefit-Cost Analysis of Underground Coal Mining in New South Wales, Australia," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 3(2), pages 1-29, May.
    10. Cecilia Håkansson & Katarina Östberg & Göran Bostedt, 2016. "Estimating distributional effects of environmental policy in Swedish coastal environments - a walk along different dimensions," Journal of Environmental Economics and Policy, Taylor & Francis Journals, vol. 5(1), pages 49-78, March.
    11. Morello, Thiago & Anderson, Liana & Silva, Sonaira, 2022. "Innovative fire policy in the Amazon: A statistical Hicks-Kaldor analysis," Ecological Economics, Elsevier, vol. 191(C).
    12. Håkansson, Cecilia & Östberg, Katarina & Bostedt, Göran, 2012. "Estimating Distributional Effects of Environmental Policy in Swedish Coastal Environments – A Walk along different Socio-economic Dimensions," CERE Working Papers 2012:18, CERE - the Center for Environmental and Resource Economics.

    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. Richard T. Carson, 2011. "Contingent Valuation," Books, Edward Elgar Publishing, number 2489.
    2. Richard T. Carson & W. Michael Hanemann & Raymond J. Kopp & Jon A. Krosnick & Robert Cameron Mitchell & Stanley Presser, 1998. "Referendum Design and Contingent Valuation: The NOAA Panel's No-Vote Recommendation," The Review of Economics and Statistics, MIT Press, vol. 80(2), pages 335-338, May.
    3. Brennan A. McLachlan & G. Cornelis van Kooten, 2022. "Reforming Canada's dairy supply management scheme and the consequences for international trade," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 70(1), pages 21-39, March.
    4. Carson, Richard T. & Hanemann, W. Michael & Kopp, Raymond J. & Krosnick, Jon A. & Mitchell, Robert C. & Presser, Stanley & Ruud, Paul A. & Smith, V. Kerry & Conaway, Michael & Martin, Kerry, 1996. "Was the NOAA Panel Correct about Contingent Valuation?," Discussion Papers 10503, Resources for the Future.
    5. Veisten, Knut, 2007. "Contingent valuation controversies: Philosophic debates about economic theory," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 36(2), pages 204-232, April.
    6. Bodo Sturm & Joachim Weimann, 2006. "Experiments in Environmental Economics and Some Close Relatives," Journal of Economic Surveys, Wiley Blackwell, vol. 20(3), pages 419-457, July.
    7. Stephanie Simpson & Brid Gleeson Hanna, 2010. "Willingness to pay for a clear night sky: use of the contingent valuation method," Applied Economics Letters, Taylor & Francis Journals, vol. 17(11), pages 1095-1103.
    8. Bruno S. Frey & Simon Luechinger & Alois Stutzer, 2007. "Calculating Tragedy: Assessing The Costs Of Terrorism," Journal of Economic Surveys, Wiley Blackwell, vol. 21(1), pages 1-24, February.
    9. Richard Carson & Nicholas Flores & Norman Meade, 2001. "Contingent Valuation: Controversies and Evidence," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 19(2), pages 173-210, June.
    10. John C. Whitehead, 2024. "They doth protest too much, methinks: Reply to “Reply to Whitehead”," Working Papers 24-04, Department of Economics, Appalachian State University.
    11. Banzhaf, H. Spencer, 2016. "Constructing markets: environmental economics and the contingent valuation controversy," MPRA Paper 78814, University Library of Munich, Germany.
    12. repec:ken:wpaper:0805 is not listed on IDEAS
    13. V. Smith & Xiaolong Zhang & Raymond Palmquist, 1997. "Marine Debris, Beach Quality, and Non-Market Values," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 10(3), pages 223-247, October.
    14. Bernt Kartman & Nils‐Olov Stålhammar & Magnus Johannesson, 1996. "Valuation of health changes with the contingent valuation method: A test of scope and question order effects," Health Economics, John Wiley & Sons, Ltd., vol. 5(6), pages 531-541, November.
    15. Martin Halla & Friedrich Schneider & Alexander Wagner, 2013. "Satisfaction with democracy and collective action problems: the case of the environment," Public Choice, Springer, vol. 155(1), pages 109-137, April.
    16. Olof Johansson-Stenman, 1998. "The Importance of Ethics in Environmental Economics with a Focus on Existence Values," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 11(3), pages 429-442, April.
    17. Bruno S. Frey & Simon Luechinger, 2005. "Measuring terrorism," Chapters, in: Alain Marciano & Jean-Michel Josselin (ed.), Law and the State, chapter 6, Edward Elgar Publishing.
    18. Aidan R. Vining, 2016. "What Is Public Agency Strategic Analysis (PASA) and How Does It Differ from Public Policy Analysis and Firm Strategy Analysis?," Administrative Sciences, MDPI, vol. 6(4), pages 1-31, December.
    19. Rossi, Martín, 2000. "Midiendo el valor social de la calidad de los servicios públicos: el agua," UADE Textos de Discusión 20_2000, Instituto de Economía, Universidad Argentina de la Empresa.
    20. Hensher, David A., 2010. "Hypothetical bias, choice experiments and willingness to pay," Transportation Research Part B: Methodological, Elsevier, vol. 44(6), pages 735-752, July.
    21. Jan Abel Olsen, 1997. "Aiding priority setting in health care: is there a role for the contingent valuation method?," Health Economics, John Wiley & Sons, Ltd., vol. 6(6), pages 603-612, November.

    More about this item

    Keywords

    Economics and Finance;

    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:elg:eechap:15126_9. 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: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    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.