IDEAS home Printed from https://ideas.repec.org/p/qld/uq2004/328.html
   My bibliography  Save this paper

A Multiple Account Framework For Cost-Benefit Analysis

Author

Abstract

The paper presents a spreadsheet-based multiple account approach to cost-benefit analysis which incorporates all the usual concerns of cost-benefit analysts such as shadow-pricing to account for market failure, distribution of net benefits, sensitivity and risk analysis, cost of public funds, and environmental effects. The approach offers a number of advantages to both analysts and decision-makers, including transparency, a check on internal consistency and a detailed summary of project net benefits disaggregated by stakeholder group.

Suggested Citation

  • Prof Harry Campbell & Assoc Prof Richard Brown, 2003. "A Multiple Account Framework For Cost-Benefit Analysis," Discussion Papers Series 328, School of Economics, University of Queensland, Australia.
    • Handle: RePEc:qld:uq2004:328
    as

    Download full text from publisher

    File URL: https://economics.uq.edu.au//files/44382/328.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Nick Hanley & Clive L. Spash, 1993. "Cost–Benefit Analysis and the Environment," Books, Edward Elgar Publishing, number 205.
    2. Dale Whittington & Duncan Macrae, 1990. "Comment: Judgments about who has standing in cost-benefit analysis," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 9(4), pages 536-547.
    3. H.F. Campbell & K.A. Bond, 1997. "The Cost of Public Funds in Australia," The Economic Record, The Economic Society of Australia, vol. 73(220), pages 22-34, March.
    4. Richard O. Zerbe, 1991. "Comment: Does benefit cost analysis stand alone? rights and standing," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 10(1), pages 96-105.
    5. Guy Garrod & Kenneth G. Willis, 1999. "Economic Valuation of the Environment," Books, Edward Elgar Publishing, number 1368.
    6. William N. Trumbull, 1990. "Reply to whittington and macRae," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 9(4), pages 548-550.
    7. Dale Whittington & Duncan MacRae, 1986. "The issue of standing in cost-benefit analysis," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 5(4), pages 665-682.
    8. Willig, Robert D, 1976. "Consumer's Surplus without Apology," American Economic Review, American Economic Association, vol. 66(4), pages 589-597, September.
    9. William N. Trumbull, 1990. "Who has standing in cost-benefit analysis?," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 9(2), pages 201-218.
    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. Liang, Xiao & van Dijk, Meine Pieter, 2011. "Economic and financial analysis on rainwater harvesting for agricultural irrigation in the rural areas of Beijing," Resources, Conservation & Recycling, Elsevier, vol. 55(11), pages 1100-1108.
    2. Lawrence, C, 2009. "Identifying an Australian 'Shadow' Benefit / Cost Ratio for Public Projects," MPRA Paper 13336, University Library of Munich, Germany.
    3. Mushtaq, Shahbaz & Khan, Shahbaz & Dawe, David & Hanjra, Munir A. & Hafeez, Mohsin & Asghar, Muhammad Nadeem, 2008. "Evaluating the impact of Tax-for-Fee reform (Fei Gai Shui) on water resources and agriculture production in the Zhanghe Irrigation System, China," Food Policy, Elsevier, vol. 33(6), pages 576-586, December.
    4. Grimaldi, Raffaele & Beria, Paolo, 2013. "Open issues in the practice of cost benefit analysis of transport projects," MPRA Paper 53766, University Library of Munich, Germany.
    5. Liang Xiao & van Dijk Meine Pieter, 2012. "Cost Benefit Analysis of Centralized Wastewater Reuse Systems," Journal of Benefit-Cost Analysis, De Gruyter, vol. 3(3), pages 1-30, August.
    6. Byrnes, Liam & Brown, Colin & Wagner, Liam & Foster, John, 2016. "Reviewing the viability of renewable energy in community electrification: The case of remote Western Australian communities," Renewable and Sustainable Energy Reviews, Elsevier, vol. 59(C), pages 470-481.

    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. Dale Whittington & Richard T. Carson & Thomas Sterner, 2023. "Policy Note: Benefit Cost Analysis of Water Investments in the Anthropocene," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 9(03), pages 1-23, July.
    2. Anthony E. Boardman & David H. Greenberg & Aidan R. Vining & David L. Weimer, 2022. "Standing in Cost‐Benefit Analysis: Where, Who, What (Counts)?," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 41(4), pages 1157-1176, September.
    3. Richard W. Dunford & F. Reed Johnson & Emily S. West, 1997. "Whose Losses Count In Natural Resource Damages?," Contemporary Economic Policy, Western Economic Association International, vol. 15(4), pages 77-87, October.
    4. Richard O. Zerbe, 1998. "Is cost-benefit analysis legal? Three rules," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 17(3), pages 419-456.
    5. Gurluk, Serkan, 2006. "The estimation of ecosystem services' value in the region of Misi Rural Development Project: Results from a contingent valuation survey," Forest Policy and Economics, Elsevier, vol. 9(3), pages 209-218, December.
    6. Halkos, George E. & Jones, Nikoleta, 2012. "Modeling the effect of social factors on improving biodiversity protection," Ecological Economics, Elsevier, vol. 78(C), pages 90-99.
    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. Zerbe, Richard, 2023. "A foundation for benefit-cost analysis," MPRA Paper 121294, University Library of Munich, Germany, revised Jun 2024.
    9. Christopher Robert & Richard Zeckhauser, 2011. "The methodology of normative policy analysis," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 30(3), pages 613-643, June.
    10. Richard O. Zerbe, 1991. "Comment: Does benefit cost analysis stand alone? rights and standing," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 10(1), pages 96-105.
    11. 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.
    12. Marjainé, Szerényi Zsuzsanna, 2001. "A természeti erőforrások pénzbeli értékelése [Monetary valuation of natural resources]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 114-129.
    13. Rolfe, John & Prayaga, Prabha, 2007. "Estimating values for recreational fishing at freshwater dams in Queensland," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 51(2), pages 1-18.
    14. Anthony Amoah & Peter G. Moffatt, 2017. "Estimating demand for reliable piped-water services in urban Ghana: An application of competing valuation approaches," University of East Anglia School of Economics Working Paper Series 2017-01, School of Economics, University of East Anglia, Norwich, UK..
    15. Richard O. Zerbe, 2013. "Ethical benefit–cost analysis as art and science: ten rules for benefit–cost analysis," Chapters, in: Scott O. Farrow & Richard Zerbe, Jr. (ed.), Principles and Standards for Benefit–Cost Analysis, chapter 8, pages 264-293, Edward Elgar Publishing.
    16. Helen Scarborough & Jeff Bennett, 2012. "Cost–Benefit Analysis and Distributional Preferences," Books, Edward Elgar Publishing, number 14376.
    17. Kutschukian, Jean-Marc, 2008. "A Framework For The Economic Evaluation Of Environmental Science," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6026, Australian Agricultural and Resource Economics Society.
    18. Rumahorbo Basa T. & Hamuna Baigo & Keiluhu Henderina J., 2020. "An assessment of the coastal ecosystem services of Jayapura City, Papua Province, Indonesia," Environmental & Socio-economic Studies, Sciendo, vol. 8(2), pages 45-53, June.
    19. Halkos, George & Jones, Nikoleta, 2011. "Social factors influencing the decision to pay for the protection of biodiversity: A case study in two national parks of Northern Greece," MPRA Paper 34581, University Library of Munich, Germany.
    20. Seung-Hoon Yoo & Kyung-Suk Chae, 2001. "Measuring the Economic Benefits of the Ozone Pollution Control Policy in Seoul: Results of a Contingent Valuation Survey," Urban Studies, Urban Studies Journal Limited, vol. 38(1), pages 49-60, January.

    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:qld:uq2004:328. 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: SOE IT (email available below). General contact details of provider: https://edirc.repec.org/data/decuqau.html .

    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.