Guide for Conducting Benefit-Cost Analyses of Multimodal, Multijurisdictional Freight Corridor Investments (2017) / Chapter Skim
Currently Skimming:
Pages 125-128
The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.
From page 125... ...
125 A p p e n d i x A This appendix explains how to calculate consumer surplus and how the rule of half principle can be applied in determining benefits in multimodal contexts. It is simpler than the alternative -- the logsum approach.
|
From page 126... ...
126 Guide for Conducting Benefit-Cost Analyses of Multimodal, Multijurisdictional Freight Corridor investments Supply, Sij0 Short run demand CCost, Ij New Users: (T1 –T0)
|
From page 127... ...
Rule of Half principle, Consumer Surplus, producer Surplus, Kaldor-Hicks Criterion, and Financial Versus economic BCA 127 A.2 Kaldor-Hicks Criterion The Kaldor and Hicks joint criterion suggest that a policy change is an improvement if the "winners" could fully compensate the "losers" and still be better off themselves. It is otherwise known as the Potential Pareto Improvement Criterion.
|
From page 128... ...
128 Guide for Conducting Benefit-Cost Analyses of Multimodal, Multijurisdictional Freight Corridor investments References 1. Button, K
|
Key Terms
This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More
information on Chapter Skim is available.