Distinguishing between Money income and Utility income in Cost-Benefit Analisys

Robert Brent

Public Finance Review, 1980, vol. 8, issue 2, 131-152

Abstract: To date, the distinction between money income and utility income has been recognized only in an efficiency context. This article argues that it is also srgnificant in an income redistribution context and can be used to identify the form which such redistribution is to take, cash or kind. To illustrate its practical significance, this distinction is shown to underlie the social evaluation of time savings which appear as benefits in many public transport investments. By imputation from past railway closure decisions in the United Kingdom, a value for time twice the conventional evaluation is obtained.

Date: 1980
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/109114218000800201 (text/html)

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:sae:pubfin:v:8:y:1980:i:2:p:131-152

DOI: 10.1177/109114218000800201

Access Statistics for this article

More articles in Public Finance Review
Bibliographic data for series maintained by SAGE Publications ().