One way for jurisdictions with limited analytic resources to increase their capability for doing cost-benefit analysis (CBA) is to use existing shadow prices, or "plug-ins", for important social impacts. This article contributes to the further development of one important shadow price: the value...

Government analysts have long used discount rates based on investment rates of return to approximate the effect of capital displacement. However, we show how this approach is not well grounded in economic theory and produces highly biased results, particularly in the context of decisions...