Plug-in shadow price estimates for policy analysis
In assessing existing or proposed public policies, analysts often need shadow price estimates for one or two key items - for example, the value of a human life, the cost of various types of injuries, the cost of a robbery or the value of an hour of travel time saved. This paper provides estimates of...
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Veröffentlicht in: | The Annals of regional science 1997-07, Vol.31 (3), p.299-324 |
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Hauptverfasser: | , , , |
Format: | Artikel |
Sprache: | eng |
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Zusammenfassung: | In assessing existing or proposed public policies, analysts often need shadow price estimates for one or two key items - for example, the value of a human life, the cost of various types of injuries, the cost of a robbery or the value of an hour of travel time saved. This paper provides estimates of the values of many, frequently encountered impacts. These estimates are intended to be "plugged-in" to analyses of policy alternatives. Although these estimates may not be sufficiently accurate for some policy decisions, they will be very helpful in many policy situations.[PUBLICATION ABSTRACT] |
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ISSN: | 0570-1864 1432-0592 |
DOI: | 10.1007/s001680050051 |