On the Use of Distributional Weights in Social Cost-Benefit Analysis (1980)

Richard Layard

Chapter 13 in Tackling Inequality, 1999, pp 258-265 from Palgrave Macmillan

Abstract: Abstract Harberger (1978b) argues against using distributional weights on two grounds.1 (1) If the weights differ too much between people, they could be used to justify excessively inefficient projects. (2) Even so, the distributionalweights approach can lead to regressive marginal tax rates, which the public considers inequitable. This is Morton’s Fork indeed.2 I shall consider the two prongs in sequence.

Keywords: Distributional Weight; Shadow Price; Excess Burden; High Efficiency Cost; Marginal Excess Burden (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37528-4_13

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DOI: 10.1057/9780230375284_13

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