Defining Regional "Standing" for Cost–Benefit Analysis in Federated Countries
Date
2019
Authors
Dobes, Leo
Journal Title
Journal ISSN
Volume Title
Publisher
Economic Society of Australia
Abstract
Specification of “standing” – whose benefits and costs should be counted – is a crucial step in a Cost–Benefit Analysis. If it is omitted, some relevant costs and benefits may be excluded, or, conversely, wrongly included. The textbook formulation for standing is “the whole of society” for a country, but the literature is virtually silent on the issue at a sub‐national or regional level. A strictly state or regional standing can be a problem within federated countries such as Australia or the USA due to conceptual inconsistencies and resulting inefficiencies. On balance, a national perspective is to be preferred, at least as a default option.
Description
Keywords
Cost–Benefit Analysis, standing, regional, federation, Australia
Citation
Collections
Source
Economic Papers
Type
Journal article
Book Title
Entity type
Access Statement
Open Access
License Rights
Creative Commons