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Regional welfare weights

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  • Erhun KULA

Abstract

Pareto welfare criterion based on people’s willingness to pay for a project’s output is regarded by many as a narrow interpretation of improvement in social well-being. A broader opinion is that even though poorer individuals may be less able to pay for a particular benefit, they may obtain greater utility from it. In line with the broader opinion, this paper looks at country based welfare weights in the European Union with a special emphasis on relatively poor countries who became members recently. Welfare weights now have a high policy profile in the European Union in relation to distribution of funds between member and member to be countries. They can also be used in cost-benefit analysis to give priority to infrastructure projects in underprivileged areas

Suggested Citation

  • Erhun KULA, 2006. "Regional welfare weights," Departmental Working Papers 2006-32, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    • Handle: RePEc:mil:wpdepa:2006-32
    as

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    File URL: http://wp.demm.unimi.it/files/wp/2006/DEMM-2006_032wp.pdf
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    References listed on IDEAS

    as
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    3. Kula, E., 2002. "Regional Welfare Weights in Investment Appraisal - The Case of India," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 32(1), pages 1-16.
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    6. E. Neal Blue & Luther Tweeten, 1997. "The estimation of marginal utility of income for application to agricultural policy analysis," Agricultural Economics, International Association of Agricultural Economists, vol. 16(3), pages 155-169, August.
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    More about this item

    Keywords

    Cost-Benefit Analysis; Regional welfare weights; Income Distribution; EU Structural Funds;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R50 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - General

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