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A Multiple Account Framework For Cost-Benefit Analysis

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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
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    File URL: https://economics.uq.edu.au//files/44382/328.pdf
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    References listed on IDEAS

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    1. Nick Hanley & Clive L. Spash, 1993. "Cost–Benefit Analysis and the Environment," Books, Edward Elgar Publishing, number 205.
    2. 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.
    3. 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.
    4. 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.
    5. Willig, Robert D, 1976. "Consumer's Surplus without Apology," American Economic Review, American Economic Association, vol. 66(4), pages 589-597, September.
    6. 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.
    7. 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.
    8. Guy Garrod & Kenneth G. Willis, 1999. "Economic Valuation of the Environment," Books, Edward Elgar Publishing, number 1368.
    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.
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    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. 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.
    4. 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.
    5. 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.
    6. 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.

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