Exploring the distributional implications inherent in cost-benefit analysis, this text shows how distributional value judgements underlie traditional efficiency analysis and the treatment of accounting prices, and provides guidelines for estimating the distributional effects of investment projects. Applications are illustrated by three examples involving industry, electricity generation and irrigation. In each case, the author leads the reader through the analysis, comparing situations with and without an investment project, in order to identify and quantify the costs and benefits involved, and estimate the distribution of these real income changes. The book is directed towards professionals in the field of applied economic analysis and students in a detailed approach to such topics.
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