Economic Surplus Concepts and Their Use in Benefit Cost Analysis

Alan Randall

Review of Marketing and Agricultural Economics, 1982, vol. 50, issue 02, 29

Abstract: The conceptual bases for project evaluation, the use of Hicksian consumer's surplus concepts of value, and the implementation of the currently accepted techniques for valuing non-marketed goods and services, are developed in some detail. While the primary focus is on partial equilibrium analysis of changes pertaining to a single good, some of the complications introduced by multiple changes and general equilibrium conditions are considered.

Keywords: Consumer/Household Economics; Demand and Price Analysis (search for similar items in EconPapers)
Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:ags:remaae:12241

DOI: 10.22004/ag.econ.12241

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