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Engel, Eduardo M. R. A.; Galetovic, Alexander; Fischer, … - 2021

. When the franchised road has no close substitute, the government must regulate tolls. Yet when there are many ways of … sufficient conditions for the existence of an equilibrium in pure strategies with strictly positive tolls. Equilibrium congestion …. Franchise holders partially internalize congestion costs when setting tolls, which softens price competition. Second, when …

Persistent link: https://www.econbiz.de/10013245129

Migration, Congestion Externalities, and the Evaluation of Spatial Investments

Dinkelman, Taryn - 2015

The direct benefits of infrastructure in developing countries can be large, but if new infrastructure induces in-migration, congestion of other local publicly provided goods may offset the direct benefits. Using the example of rural household electrification in South Africa, we demonstrate the...

Persistent link: https://www.econbiz.de/10013030141

Discounting Under Disagreement

Heal, Geoffrey M. - 2013

A group of agents disagree about the appropriate inter temporal preferences to use when exploiting a common productive resource. They thus delegate decision making to a social planner who allocates consumption efficiently across heterogeneous individuals and over time. We define `policy...

Persistent link: https://www.econbiz.de/10013082765

Cost-Benefit Analysis of Leaning Against the Wind

Svensson, Lars E. O. - 2016

A simple and transparent framework for cost-benefit analysis of \leaning against the wind" (LAW), that is, tighter monetary policy for financial-stability purposes, is presented. LAW has obvious costs in the form of a weaker economy if no crisis occurs and possible benefits in the form of a...

Persistent link: https://www.econbiz.de/10013000534

Deterrence and the Optimal Use of Prison, Parole, and Probation

Polinsky, A. Mitchell - 2017

In this article we derive the mix of criminal sanctions—choosing among prison, parole, and probation—that achieves any target level of deterrence at least cost. We assume that prison has higher disutility and higher cost per unit time than parole and probation and that potential offenders...

Persistent link: https://www.econbiz.de/10012955941

Evaluating Economy-Wide Benefit Cost Analyses

Smith, V. Kerry - 2016

This paper examines a new strategy for evaluating whether the size of a new environmental regulation requires that benefit cost analyses consider general equilibrium effects. Size in the context refers to both the magnitude and distribution of cost increases across sectors and the benefits...

Persistent link: https://www.econbiz.de/10012980155

Tobacco Regulation and Cost-Benefit Analysis : How Should We Value Foregone Consumer Surplus?

Levy, Helen - 2016

Recent tobacco regulations proposed by the Food and Drug Administration have raised a thorny question: how should the cost-benefit analysis accompanying such policies value foregone consumer surplus associated with regulation-induced reductions in smoking? In a model with rational and fully...

Persistent link: https://www.econbiz.de/10012985942

Which Social Cost of Carbon? A Theoretical Perspective

Kotchen, Matthew J. - 2016

This paper develops a theoretical foundation for the social cost of carbon (SCC). The model highlights the source of debate over whether countries should use the global or domestic SCC for regulatory impact analysis. I identify conditions under which a country's decision to internalize the...

Persistent link: https://www.econbiz.de/10012992145

Quality Improvement in Health Care : a Framework for Price and Output Measurement

Shapiro, Irving; Shapiro, Matthew D.; Wilcox, David W. - 2021

The durability of health care treatment, the substantial technical change in health care treatment, and the prevalence of third-party payment interact to create substantial difficulty in measuring the price and output of health care. This paper provides a framework for analyzing the demand for...

Persistent link: https://www.econbiz.de/10013218900

A Public Finance Approach to Assessing Poverty Alleviation

Yitzhaki, Shlomo - 2021

This paper points out the similarities and differences between cost-benefit analysis and tax reform. By restricting the analysis to the margin it is shown that both areas can be handled by the same method. In both areas, there is a need to define social distributional weights and to evaluate the...

Persistent link: https://www.econbiz.de/10013219687

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