A Note on How to Undertake a Cost-Benefit Analysis in Monetary and Environmental Units

9 Pages Posted: 6 Apr 2010 Last revised: 18 May 2013

See all articles by Per-Olov Johansson

Per-Olov Johansson

Stockholm School of Economics

Bengt Kriström

SLU- Centre for Environmental and Resource Economics (CERE)

Date Written: April 1, 2010

Abstract

In this note we discuss two alternative ways of undertaking a social cost-benefit analysis. One approach is the conventional one where benefits and costs are expressed in monetary units. The other approachuses an environmental asset as the payment vehicle. The properties of the two approaches are discussed and the measurement problems are stressed.

Keywords: Cost-benefit analysis, externalities, choice of numeraire, habitat equivalence analysis, resource equivalency methods

JEL Classification: D61, H43, Q51, Q57

Suggested Citation

Johansson, Per-Olov and Kriström, Bengt, A Note on How to Undertake a Cost-Benefit Analysis in Monetary and Environmental Units (April 1, 2010). Available at SSRN: https://ssrn.com/abstract=1582852 or http://dx.doi.org/10.2139/ssrn.1582852

Per-Olov Johansson (Contact Author)

Stockholm School of Economics ( email )

P.O. Box 6501
Stockholm
SWEDEN
+46 8 736 92 82 (Phone)
+46 8 30 21 15 (Fax)

Bengt Kriström

SLU- Centre for Environmental and Resource Economics (CERE) ( email )

Umea, 901 83
Sweden
+46-(0)90-7865219 (Phone)

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