PRACTICE AND ISSUES IN ECONOMIC ANALYSIS (WITH DISCUSSION)

This paper was prepared for the April 1996 Benefits Analysis Workshop, conducted by the Transportation Research Board at the request of the Federal Aviation Administration (FAA). It reviews the range of benefit categories identified in an October 1995 scoping session and suggests certain revisions. It also examines major issues concerning benefit valuation and offers some sense of the priorities for further research. Before addressing these matters, some general points about the economic analysis of benefits are explained. Following the paper, is a discussion by two workshop participants. Mr. Lee's comments focus on issues of equity and how to incorporate them in benefit-cost analysis. Mr. Kraft concentrates on three dimensions of benefit-cost analysis methodology: categories of benefits, valuation of benefits, and analysis of benefits.

• Record URL:
  • https://onlinepubs.trb.org/Onlinepubs/trcircular/476/476-001.pdf
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/00978515
• Supplemental Notes:
  • Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
• Corporate Authors:

  Transportation Research Board

  500 Fifth Street, NW
  Washington, DC  United States  20001
• Authors:
  • Beshers, E W
• Discussers:
  • Lee, D B
  • Kraft, G
• Conference:
  • Benefits Analysis Workshop
  • Location: Washington, D.C.
  • Date: 1996-4-26 to 1996-4-26
• Publication Date: 1997-9

Language

• English

Media Info

• Media Type: Digital/other
• Features: Figures; Tables;
• Pagination: p. 8-23
• Monograph Title: FAA COST-BENEFIT ANALYSIS
• Serial:
  • Transportation Research Circular
  • Issue Number: 476
  • Publisher: Transportation Research Board
  • ISSN: 0097-8515

Subject/Index Terms

• TRT Terms: Benefit cost analysis; Benefits; Economic analysis; Equity; Evaluation and assessment; Measurement; Methodology; Research; Strategic planning; Valuation; Workshops
• Identifier Terms: U.S. Federal Aviation Administration
• Subject Areas: Aviation; Economics; Finance; Highways; Research; Society;

Filing Info

• Accession Number: 00742043
• Record Type: Publication
• Files: TRIS, TRB
• Created Date: Nov 3 1997 12:00AM