Ethical and Economic Elements in Public Service Valuation

James E. Allison

The Quarterly Journal of Economics, 1912, vol. 27, issue 1, 27-49

Abstract: A distinction between ethical value and economic value, 27. — Four theories of valuation for purposes of public regulation, 30. — I. Original Cost Theory. Its practicability, 31. — The problem how to deal with appreciation of land, 32. — II. Continuous Property, or "Antigo," Theory, 34. — Ethical and practical difficulties, 36. — III. Theory of Cost of Reproduction New, 37. — Cases illustrating its possible injustice, 38. — Practical difficulties, 39. — IV. Theory of Cost of Duplicating the Service, 41. — Cases illustrating its difficulties, 42. — No one of these theories fully satisfactory, 43. — Original Cost nearest approaches justice, 47. —; but is to be interpreted in terms of Efficient Sacrifice, 48.

Date: 1912
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.2307/1882669 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:qjecon:v:27:y:1912:i:1:p:27-49.

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

The Quarterly Journal of Economics is currently edited by Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva

More articles in The Quarterly Journal of Economics from President and Fellows of Harvard College
Bibliographic data for series maintained by Oxford University Press ().