"Plug-in" shadow price estimates for policy analysis

In assessing existing or proposed public policies, analysts often need shadow price estimates for one or two key items - for example, the value of a human life, the cost of various types of injuries, the cost of a robbery or the value of an hour of travel time saved. This paper provides estimates of the values of many, frequently encountered impacts. These estimates are intended to be "plugged-in" to analyses of policy alternatives. Although these estimates may not be sufficiently accurate for some policy decisions, they will be very helpful in many policy situations. <!--ID="" An earlier version of this paper was presented at the Western Regional Science Association Meetings, Napa Valley California, February 1996. We would like to thank participants at that session for helpful comments, especially Jack Knetsch and Dale Whittington. We would also like to thank Bill Waters and the referees. Correspondence to: A.E. Boardman-->