An Analysis of the Private Returns From Three Land Development Options in the Southern Mallee of Nsw.

1999 ◽  
Vol 21 (2) ◽  
pp. 244 ◽  
Author(s):  
DA Patton ◽  
JD Mullen
Keyword(s):  
Land Development ◽  
Net Income ◽  
Benefit Cost Analysis ◽  
The Public ◽  
Public Benefits ◽  
Extensive Grazing ◽  
The Individual ◽  
Western Division ◽  
Benefit Cost ◽  
Benefits And Costs

In early 1993, the DLWC initiated a project to develop regional planning strategies for clearing and cultivation activities in the Southern Mallee and Northern Floodplain areas of the Western Division of NSW. Concentrating on the Southern Mallee region, a benefit-cost analysis of current clearing and cultivation proposals and their impact on the financial viability of the individual landholder has been conducted. While the development proposals all had the potential to return much higher levels of expected net income to farmers than the existing extensive grazing strategy, market and climatic uncertainty meant that the probability of the extensive grazing activity returning more than cropping was as high as 50% for some proposals. This means that farmers have to weigh up higher incomes on average from cropping against the more certain income from grazing. Clearly, this is a personal choice with the more risk averse decision makers favouring the extensive grazing option. However, we found that for levels of risk aversion that research suggests typifies Australian farmers, the development proposals were dominant over the extensive grazing option except where there was a higher proportion of land devoted to conservation at a discount rate of 12%. No attempt has been made in the present study to evaluate the public benefits and costs, in the form of changes in environmental resources, associated with such development proposals Key words: Western Division, conservation, clearing and cultivation, stochastic dominance, economics.

Accounting for the Distribution of Benefits and Costs in Benefit–Cost Analysis

2020 ◽  
pp. 1-21
Author(s):  
James K. Hammitt
Keyword(s):  
Cost Analysis ◽  
Decision Makers ◽  
Policy Choice ◽  
Alternative Evaluation ◽  
Benefit Cost Analysis ◽  
Transfer Programs ◽  
Net Benefits ◽  
Benefit Cost ◽  
Benefits And Costs

Abstract Benefit–cost analysis (BCA) is often viewed as measuring the efficiency of a policy independent of the distribution of its consequences. The role of distributional effects on policy choice is disputed; either: (a) the policy that maximizes net benefits should be selected and distributional concerns should be addressed through other measures, such as tax and transfer programs or (b) BCA should be supplemented with distributional analysis and decision-makers should weigh efficiency and distribution in policy choice. The separation of efficiency and distribution is misleading. The measure of efficiency depends on the numéraire chosen for the analysis, whether monetary values or some other good (unless individuals have the same rates of substitution between them). The choice of numéraire is not neutral; it can affect the ranking of policies by calculated net benefits. Alternative evaluation methods, such as BCA using a different numéraire, weighted BCA, or a social welfare function (SWF), may better integrate concerns about distribution and efficiency. The most appropriate numéraire, distributional weights, or SWFs cannot be measured or statistically estimated; it is a normative choice.

FROM WASTELAND TO PARKLAND: THE MAKING OF CORKTOWN COMMON

2017 ◽  
Vol 12 (4) ◽  
pp. 109-140
Author(s):  
Laura Solano
Keyword(s):  
Health And Safety ◽  
Natural World ◽  
Vital Role ◽  
Public Realm ◽  
The Public ◽  
Public Benefits ◽  
Natural Landscapes ◽  
The Individual ◽  
Public Health And Safety

INTRODUCTION Density, public health and safety, quality of life, and sustainability are some of the most confounding issues that major cities face today as they expand in population and area. How do we bring urban populations closer together in the public realm, while still providing space for the individual psyche and also increasing the overall sense of positive connection to the natural world and to each other? Robust natural landscapes have sometimes been considered a luxury within a functioning city, but more and more they are being recognized for the vital role they play in making cities livable. The story of Corktown Common relates how a landscape built of necessity was also designed to deliver myriad public benefits, including enhanced urban ecology and sustainability.

scholarly journals A retrospective assessment of the costs of EPA’s 1998 Locomotive Emission Standards

2014 ◽  
Vol 5 (2) ◽  
pp. 285-314 ◽  
Author(s):  
Elizabeth Kopits
Keyword(s):  
Cost Analysis ◽  
Total Cost ◽  
Benefit Cost Analysis ◽  
Retrospective Assessment ◽  
Emission Standards ◽  
Ex Post ◽  
Data Limitations ◽  
The Cost ◽  
Benefit Cost ◽  
Benefits And Costs

Abstract:While the need to update EPA benefit-cost analysis to reflect the most recent science is broadly acknowledged, little work has been done examining how well ex ante BCAs estimate the actual benefits and costs of regulations. This paper adds to the existing literature on ex post cost analyses by examining EPA’s analysis of the 1998 Locomotive Emission Standards. Due to data limitations and minimal ability to construct a reasonable counterfactual for each component of the cost analysis, the assessment relies mainly on industry expert opinion, augmented with ex post information from publicly available data sources when possible. The paper finds that the total cost of bringing line-haul locomotives into compliance with the 1998 Locomotive Emission Standards rule remains uncertain. Even though the initial per-unit locomotive compliance costs were higher than predicted by EPA, total costs also depend on the number of locomotives affected by the regulation. Over 2000–2009, the number of newly built line-haul locomotives was higher but the number of remanufactured line-haul locomotives was lower than EPA’s estimate.

scholarly journals Integrated Undergraduate Management Education: An Informal Benefit / Cost Analysis

2011 ◽  
Vol 1 (3) ◽  
pp. 57
Author(s):  
William L. Casey, Jr.
Keyword(s):  
Cost Analysis ◽  
Management Education ◽  
Assessment Data ◽  
Benefit Cost Analysis ◽  
Core Program ◽  
Benefit Cost ◽  
Benefits And Costs

This paper seeks to contribute to the literature of management education by evaluating assessment data on Babson Colleges integrated undergraduate management core program (IMC). Transitions from functionally isolated curricula to more integrated alternatives involve both benefits and costs, accruing to faculty, students and sponsoring institutions. The relative benefits and cost of the Babson program are weighted based on recent assessment initiatives at the college.

scholarly journals Profitability of semi-intensive and intensive egg production in South-West and South-South zones of Nigeria.

2006 ◽  
Vol 33 (1) ◽  
pp. 118-127
Author(s):  
V. O. Okoruwa ◽  
A. E. Obuyelu ◽  
O. Ikoyo-Eweto
Keyword(s):  
Egg Production ◽  
Cost Ratio ◽  
Net Income ◽  
The South ◽  
Benefit Cost Analysis ◽  
Benefit Cost Ratio ◽  
Budget Analysis ◽  
South West ◽  
Poultry Farmers ◽  
Benefit Cost

The paper examines the profitability of two improved poultry systems (semi-intensive and intensive egg production system)i in the South-West and South-South zones of Nigeria using descriptive statistics, farm budget analysis approach and the benefit-cost analysis. The data for the study were ob­tained through a multi-stage sapling approach from 70 poultry farmers selected from four states (Edo and Delta in South-South; Lagos and Oyo in the South -West) in the study area. Empirical evidence from the analysis shows that the poultry farmers are predominantly male and mostly single. A greater proportion (80%) of them fell between the ages of 31-50 years and had a least secondary school education. Majority of the farmers (86%) used black nera breed because of its high productiv­ity, resistance to diseases and environmental stress and good quality carcass when disposed as spent layer The study further reveals that differences exist in profitability between the two groups of poultry farmers as the net income of farmers using the battery cage system was about 1.8 times the net income of farmers using deep litter system. However; the benefit-cost ratio indicates that both group of farmers are making profit since the benefit-cast ratio of their poultry business exceed one.

Adding Value with Benefit-Cost Analysis: Forecasting Net Social Benefit from Impacts of Slot Machine Gambling in Maryland

2015 ◽  
Vol 6 (2) ◽  
pp. 281-304
Author(s):  
Scott Farrow
Keyword(s):  
Impact Analysis ◽  
Social Benefit ◽  
Slot Machines ◽  
Benefit Cost Analysis ◽  
Net Benefits ◽  
Benefit Cost ◽  
Benefits And Costs ◽  
Machine Gambling ◽  
Distributional Impacts

The estimated impacts, benefits, and costs of legalizing slot machines in Maryland are analyzed building on and contrasting with results from an impact analysis. The analysis provides estimates of the components and the total net benefits to the state and its citizens; the role of uncertainty, distributional impacts, and a basic tax alternative. The results forecast mostly positive net benefits for Maryland both in comparison to doing nothing and in comparison to raising an equivalent amount in taxes. However, if slot revenue raised from the lower income population is given more weight, then doing nothing or raising taxes appears to be preferred.

Defining the conservation potential for San Francisco's 28 wholesale customers

2005 ◽  
Vol 5 (3-4) ◽  
pp. 189-196
Author(s):  
E. Levin ◽  
M. Carlin ◽  
W.O. Maddaus ◽  
N. Sandkulla
Keyword(s):  
San Francisco ◽  
Water Conservation ◽  
Water Demand ◽  
The United States ◽  
Benefit Cost Analysis ◽  
Bay Area ◽  
Conservation Measures ◽  
Demand Models ◽  
The Individual ◽  
Benefit Cost

This paper documents the methodology and results of a comprehensive water demand and conservation study conducted in 2003 and 2004 under the direction of the San Francisco Public Utilities Commission (SFPUC) in conjunction with its 28 wholesale customers. These customers are represented by the Bay Area Water Supply and Conservation Agency (BAWSCA). The SFPUC supplies water to about 1.6 million people within the San Francisco Bay Area plus about 700,000 within the City of San Francisco itself. A detailed benefit-cost analysis was conducted using the Demand Side Management Least-Cost Planning Decision Support System (DSS) model for 32 conservation measures using the individual customers' DSS model. Thirty-year water savings, benefit–cost ratios, and the cost of water saved were computed for each measure. Based on compiling the results from the individual customer demand models, it was found that the current plumbing and appliance codes would reduce overall 2030 water demand by 7.8% and that packages of additional water conservation measures could reduce demands by an additional 2–6%, depending upon the level of conservation implemented. Overall, the study represents one of the largest water demand and conservation evaluation projects undertaken in the United States.

scholarly journals The Benefits and Costs of Using Social Distancing to Flatten the Curve for COVID-19

2020 ◽  
Vol 11 (2) ◽  
pp. 179-195 ◽  
Author(s):  
Linda Thunström ◽  
Stephen C. Newbold ◽  
David Finnoff ◽  
Madison Ashworth ◽  
Jason F. Shogren
Keyword(s):  
Economic Activity ◽  
Critical Parameters ◽  
Social Distancing ◽  
Benefit Cost Analysis ◽  
Statistical Life ◽  
Unknown Factor ◽  
Net Benefits ◽  
Benefit Cost ◽  
Benefits And Costs

AbstractWe examine the net benefits of social distancing to slow the spread of COVID-19 in USA. Social distancing saves lives but imposes large costs on society due to reduced economic activity. We use epidemiological and economic forecasting to perform a rapid benefit–cost analysis of controlling the COVID-19 outbreak. Assuming that social distancing measures can substantially reduce contacts among individuals, we find net benefits of about $5.2 trillion in our benchmark case. We examine the magnitude of the critical parameters that might imply negative net benefits, including the value of statistical life and the discount rate. A key unknown factor is the speed of economic recovery with and without social distancing measures in place. A series of robustness checks also highlight the key role of the value of mortality risk reductions and discounting in the analysis and point to a need for effective economic stimulus when the outbreak has passed.

The Benefits and Costs of Slot Machine Gambling

2013 ◽  
pp. 636-669
Author(s):  
Scott Farrow ◽  
Chava Carter
Keyword(s):  
Cost Analysis ◽  
Empirical Studies ◽  
Slot Machine ◽  
Additional Research ◽  
Slot Machines ◽  
Economic Welfare ◽  
Benefit Cost Analysis ◽  
Benefit Cost ◽  
Benefits And Costs ◽  
Machine Gambling

This chapter reviews the basic economic welfare criteria for slot machines, as implemented via benefit-cost analysis. More specifically, it provides a conceptualization of the benefits and costs of slot machines, as well as a scorecard for key elements of a benefit-cost analysis. The chapter also presents several illustrative empirical studies and discusses areas for additional research.

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