Scandinavian Working Papers in Economics
CERE Working Papers,
CERE - the Center for Environmental and Resource Economics
No 2010:1: A note on how to undertake a cost-benefit analysis in monetary and environmental units
Per-Olov Johansson () and Bengt Kriström ()
Additional contact information
Per-Olov Johansson: Stockholm School of Economics
Bengt Kriström: CERE, SLU-Umeå and Umeå University, Postal: CERE, SLU, 901 87 Umeå, Sweden
Abstract: In this note we discuss two alternative ways of undertaking a social cost-benefit analysis. One approach is the conventional one where benefits and costs are expressed in monetary units. The other approach uses an environmental asset as the payment vehicle. The properties of the two approaches are discussed and the measurement problems are stressed.
Keywords: Cost-benefit analysis; externalities; choice of numeraire; habitat equivalence analysis; resource equivalency methods
9 pages, April 6, 2010
Full text files
CERE_2010_1.pdf
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