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A note on how to undertake a cost-benefit analysis in monetary and environmental units

Author

Listed:
  • Johansson, Per-Olov

    (Stockholm School of Economics)

  • Kriström, Bengt

    (CERE, SLU-Umeå and Umeå University)

Abstract

In this note we discuss two alternative ways of undertaking a social cost-benefit analysis. One approach is the conventional one where benefits and costs are expressed in monetary units. The other approach uses an environmental asset as the payment vehicle. The properties of the two approaches are discussed and the measurement problems are stressed.

Suggested Citation

  • Johansson, Per-Olov & Kriström, Bengt, 2010. "A note on how to undertake a cost-benefit analysis in monetary and environmental units," CERE Working Papers 2010:1, CERE - the Center for Environmental and Resource Economics.
    • Handle: RePEc:hhs:slucer:2010_001
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    File URL: http://www.cere.se/documents/wp/CERE_2010_1.pdf
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    Citations

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    Cited by:

    1. Cole, Scott, 2012. "Equity over Efficiency: A Problem of Credibility in Scaling Resource-Based Compensatory?," CERE Working Papers 2012:12, CERE - the Center for Environmental and Resource Economics.
    2. Scott G. Cole, 2013. "Equity over efficiency: a problem of credibility in scaling resource-based compensation?," Journal of Environmental Economics and Policy, Taylor & Francis Journals, vol. 2(1), pages 93-117, March.
    3. Patrick POINT, 2012. "Valuation of wetland ecosystems services. Some methodological principles (In French)," Cahiers du GREThA (2007-2019) 2012-19, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).

    More about this item

    Keywords

    Cost-benefit analysis; externalities; choice of numeraire; habitat equivalence analysis; resource equivalency methods;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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