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Benefits and Beneficiaries: An Introduction to Estimating Distributional Effects in Cost-Benefit Analysis (Second Edition)

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Listed:
  • Londero, Elio

Abstract

This book presents the distributional implications inherent to cost-benefit analysis, shows how distributional value judgements underly traditional efficiency analysis and the treatment of accounting prices, and provides guidelines for estimating the distributional effects of investment projects. The book also illustrates how estimates of distributional effects are used in order to apply accounting prices of investment or distributional weights, and points out the main difficulties that may be encountered in making those estimates. Applications are illustrated through case studies. It is directed towards professionals in the field of applied economic analysis and students interested in a more detailed approach to such topics than that offered in the most widely used textbooks, which it may serve to supplement. The book is also available in Spanish.

Suggested Citation

  • Londero, Elio, 1987. "Benefits and Beneficiaries: An Introduction to Estimating Distributional Effects in Cost-Benefit Analysis (Second Edition)," MPRA Paper 60345, University Library of Munich, Germany, revised 1996.
    • Handle: RePEc:pra:mprapa:60345
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    File URL: https://mpra.ub.uni-muenchen.de/60345/1/MPRA_paper_60345.pdf
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    References listed on IDEAS

    as
    1. Hamilton, Carl, 1976. "The Cost of Effort Expended: Examination of Some Arguments for Its Omission and an Illustration," Oxford Economic Papers, Oxford University Press, vol. 28(2), pages 304-316, July.
    2. Joshi, Vijay, 1972. "The Rationale and Relevance of the Little-Mirrlees Criterion," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 34(1), pages 3-32, February.
    3. Harris, John R & Todaro, Michael P, 1970. "Migration, Unemployment & Development: A Two-Sector Analysis," American Economic Review, American Economic Association, vol. 60(1), pages 126-142, March.
    4. Dasgupta, Partha, 1972. "A Comparative Analysis of the UNIDT Guidelines and the OECD Manual," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 34(1), pages 33-51, February.
    5. Stephen A. Marglin, 1963. "The Social Rate of Discount and The Optimal Rate of Investment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 77(1), pages 95-111.
    6. Amartya K. Sen, 1966. "Peasants and Dualism with or without Surplus Labor," Journal of Political Economy, University of Chicago Press, vol. 74(5), pages 425-425.
    7. Mohan Munasinghe & Mark Gellerson, 1979. "Economic Criteria for Optimizing Power System Reliability Levels," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 353-365, Spring.
    8. Lester D. Taylor, 1975. "The Demand for Electricity: A Survey," Bell Journal of Economics, The RAND Corporation, vol. 6(1), pages 74-110, Spring.
    9. Edmar Bacha & Lance Taylor, 1971. "Foreign Exchange Shadow Prices: A Critical Review of Current Theories," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 85(2), pages 197-224.
    10. Mazumdar, Dipak, 1976. "The Rural-Urban Wage Gap, Migration, and the Shadow Wage," Oxford Economic Papers, Oxford University Press, vol. 28(3), pages 406-425, November.
    11. Joshi, Heather, 1972. "World Prices as Shadow Prices: A Critique," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 34(1), pages 53-73, February.
    12. Stewart, Frances, 1975. "A note on social cost-benefit analysis and class conflict in LDCs," World Development, Elsevier, vol. 3(1), pages 31-39, January.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Golub, Aaron David, 2003. "Welfare Analysis of Informal Transit Services in Brazil and the Effects of Regulation," University of California Transportation Center, Working Papers qt0pf40632, University of California Transportation Center.
    2. van de Walle, Dominique & Gunewardena, Dileni, 1998. "How dirty are"quick and dirty"methods of project appraisal?," Policy Research Working Paper Series 1908, The World Bank.
    3. Londero, Elio, 1996. "Shadow Pricing Rules for Partially Traded Goods," MPRA Paper 111765, University Library of Munich, Germany.
    4. Raúl Castro & Jorge Armando Rueda Gallardo, 2020. "Estimación Empírica de la Tasa Social de Descuento Estudio de Caso Bolivia," Documentos CEDE 18020, Universidad de los Andes, Facultad de Economía, CEDE.
    5. Portuese, Aurelien, 2018. "Towards a Meta Cost-benefit Analysis: The Case of Brexit," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 19(1), June.
    6. Londero, Elio, 1994. "Estimating the Accounting Price of Foreign Exchange: An Input-Output Approach," MPRA Paper 111727, University Library of Munich, Germany, revised 1994.
    7. Golub, Aaron David, 2003. "Welfare Analysis of Informal Transit Services in Brazil and the Effects of Regulation," Institute of Transportation Studies, Research Reports, Working Papers, Proceedings qt4z3826fg, Institute of Transportation Studies, UC Berkeley.

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    More about this item

    Keywords

    welfare economics; cost-benefit-analysis; distributional effects; project analysis; shadow prices;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • H4 - Public Economics - - Publicly Provided Goods

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