Purpose: The purpose of this paper is to deal with one of the technical difficulties of private and social cost–benefit analysis, i.e. the choice of the proper cost–benefit aggregation rule (or method) to use, when a private capital investment decision has to be taken or a public project...

This paper tries to answer the following research question: can multidimensional concepts like well-being or sustainability be measured by using a single metric such as shadow prices? The defence of shadow prices is generally based on the pragmatic argument that different dimensions (economic,...

When one wishes to implement public policies, there is a previous need of comparing different actions and valuating and evaluating them to assess their social attractiveness. Recently the concept of well-being has been proposed as a multidimensional proxy for measuring societal prosperity and...

Since Kyoto Protocol, the international community is compromising itself to reduce greenhouse gases emissions. However, the implementation of energy policies, such as the construction of renewable energy installations, in many cases doesn't suit with local perceived necessities and causes...