Conventional evaluation methods, as the net present value, consider any future consumption applying the time preference of present individuals. A more coherent analysis requires distinguishing between time preferences and the preferences about the consumption to be enjoyed by the individuals of...

A social rate of discount is an important variable for cost-benefit analysis. Its size can be crucial for an approval (or disapproval) of the project under evaluation, therefore it is important to have a theoretically founded estimate of the discount rate. There are two main approaches to...

This paper presents the main results of a Delphi study involving a panel of 38 Spanish experts surveyed for their views on the most suitable discounting approach to be used in the economic evaluation of investments with intergenerational implications. Overall, the findings point to the need to...

The typical assumption about cash flows in perpetuity is not appropriate in practical project appraisal because the length of project life is always finite. In this paper, I present and discuss the calculation of multiperiod financial discount rates for a project with a finite life and no...

The paper presents a simplified social cost-benefit analysis approach tested on around thirty projects of small infrastructure in Croatia, and deals with some of the specific issues encountered in this field work. In Zadar and Sibenik– Knin counties, Croatia, a Sustainable Development Project...

In traditional cost-benefit analyses of public projects, every citizen’s willingness to pay for a project is given an equal weight. This is sometimes taken to imply that cost-benefit analysis is a democratic method for making public decisions, as opposed to, for example, political processes...

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...

Should public assets such as infrastructure, education, and the environment earn the same return as private investments? We consider if time-inconsistent decision-makers can gain from institutions that enforce cost-benefit rules on large projects that influence the economy as a whole. Long-term...

Aims: Out-of-hospital cardiac arrest (OHCA) is fatal without treatment and time to defibrillation is an extremely important factor in relation to survival. We performed a cost-benefit analysis of dual dispatch defibrillation by ambulance and fire services in the County of Stockholm, Sweden.<p>...</p>

The study of the effects that different types of infrastructre have supposed in the regional growth is a topic that has been widely analysed from final eighties. One of the methodologies used for it is the Cost-Benefit analysis which permits an individual study of each project to advise...