Skip navigation
Skip navigation

Cost-benefit analysis and the shadow value of government revenue

Jones, Chris

Description

This paper proves the Hatta (1977) coefficient is the shadow value of government revenue - it is a scaling coefficient that converts efficiency effects from marginal policy changes into dollar changes in utility. The decomposition is generalised to economies with heterogenous consumers and variable producer prices to show (a) the Foster and Sonnenschein (1970) effect, where extra income reduces consumer utility, makes the shadow value of government revenue negative; and (b) when Bruce and...[Show more]

CollectionsANU Research Publications
Date published: 2003
Type: Working/Technical Paper
URI: http://hdl.handle.net/1885/41977
http://digitalcollections.anu.edu.au/handle/1885/41977

Download

File Description SizeFormat Image
wp431.pdf456.21 kBAdobe PDFThumbnail
2652-~HV.XSH350 BUnknown


Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  23 August 2018/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator