On the interpretation of ‘green’ NNP measures as cost-benefit rules

Per-Olov Johansson and Karl-Gustaf Löfgren

Environmental & Resource Economics, 1996, vol. 7, issue 3, 243-250

Abstract: In this paper we consider the possibility of using ‘green’ welfare change measures as the basis for cost-benefit analysis of new projects. Such green welfare change measures look very similar to what one would expect a cost-benefit analysis of the entire economy to look like. It is shown that although green welfare measures contain the shadow prices needed in the evaluation of a small new project, one must account for changes in these prices. Copyright Kluwer Academic Publishers 1996

Keywords: Cost-benefit analysis; green national income; environmental change (search for similar items in EconPapers)
Date: 1996
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Citations: View citations in EconPapers (8)

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DOI: 10.1007/BF00782147

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