This paper examines the tax implications of systems of care for psychiatric patients that rely more on the provision of services in the community rather than in state hospitals. State governments pay the costs of patient care in state hospitals, but share costs with the federal government (via...

The Shadow Wage Rate (SWR), like any shadow price, is a function of the social objectives set for the particular country. Brent [1984 and 1986] has argued that one should consider the number of uncompensated losers from a public investment as a third social objective (together with the usual...

This paper presents a method for determining shadow prices for a physician's services on the basis of actual prices charges. The Ramsey rule is used as the shadow-pricing formula. This is combined with the physician's profit-maximizing condition to produce an expression for the social prices in...

This paper explores how the number of people affected can influence the determination of the Consumption Rate of Interest (CRI). To date the current literature has focused only on numbers in an intergenerational context, via concern with population size. These papers are summarized showing the...

This paper provides a critique of techiniques for estimating distributional weights using the revealed preference (imputational) approach. Stochastic versus deterministic methods are contrasted and a preference for the stochastic methodology is indicated. It argues that Probit is the most...

The aim is to provide some insights into the short-run dynamics of tax shifting. Using Kenyan cross-section data on firms for 1974 and 1975, estimates are made of current and lagged shifting for both the company income and sales taxes. One of the findings is that the income tax is over-fully...

This paper revisits the issue of whether to include maintenance costs in an economic evaluation in mental health. The source of these maintenance costs may be public or private transfers. The issue is discussed in terms of a formal cost‐benefit criterion. It is shown that, when transfers have...

When there is no asset sale and thus no lump sum revenues to accrue to the government, one of the major benefits of privatization is then absent. Because of this, the revenues that were previously obtained from private clients assume more importance. This article incorporates these client...

It is now almost accepted practice that distributional weights be incorporated into cost-benefit criteria. While there are still major dissenters on this issue, notably Harberger, the relevant questions now involve the nature of the weights themselves. A number of alternative formulations have...

The purpose of this article is to derive estimates of the set of weights used in 99 railway closure decisions made over the period 1963-70 in the U.K. and to examine the usefulness of these weights to policy-makers