Back to Search
Start Over
Defining Regional "Standing" for Cost–Benefit Analysis in Federated Countries.
- Source :
- Economic Papers; Jun2019, Vol. 38 Issue 2, p156-166, 11p
- Publication Year :
- 2019
-
Abstract
- Specification of "standing" – whose benefits and costs should be counted – is a crucial step in a Cost–Benefit Analysis. If it is omitted, some relevant costs and benefits may be excluded, or, conversely, wrongly included. The textbook formulation for standing is "the whole of society" for a country, but the literature is virtually silent on the issue at a sub‐national or regional level. A strictly state or regional standing can be a problem within federated countries such as Australia or the USA due to conceptual inconsistencies and resulting inefficiencies. On balance, a national perspective is to be preferred, at least as a default option. [ABSTRACT FROM AUTHOR]
- Subjects :
- COST effectiveness
COUNTRIES
Subjects
Details
- Language :
- English
- ISSN :
- 08120439
- Volume :
- 38
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Economic Papers
- Publication Type :
- Academic Journal
- Accession number :
- 136803861
- Full Text :
- https://doi.org/10.1111/1759-3441.12241