A note on how to undertake a cost-benefit analysis in monetary and environmental units

Per-Olov Johansson () and Bengt Kriström ()
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Per-Olov Johansson: Stockholm School of Economics

No 2010:1, CERE Working Papers from CERE - the Center for Environmental and Resource Economics

Abstract: In this note we discuss two alternative ways of undertaking a social cost-benefit analysis. One approach is the conventional one where benefits and costs are expressed in monetary units. The other approach uses an environmental asset as the payment vehicle. The properties of the two approaches are discussed and the measurement problems are stressed.

Keywords: Cost-benefit analysis; externalities; choice of numeraire; habitat equivalence analysis; resource equivalency methods (search for similar items in EconPapers)
JEL-codes: D61 H43 Q51 Q57 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2010-04-06
New Economics Papers: this item is included in nep-env
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Citations: View citations in EconPapers (3)

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