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“Plug-in” shadow price estimates for policy analysis

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Abstract.

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.

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Authors and Affiliations

  1. Faculty of Commerce and Business Administration, 2053 Main Mall, University of British Columbia, Vancouver, British Columbia, Canada V6T 1Z2 (Tel.: 604/822-8474, Fax: 604/822-8477, e-mail: Anthony.Boardman@commerce.ubc.ca), , , , , , CA

    Anthony E. Boardman

  2. Department of Economics, 1000 Hilltop Circle, University of Maryland Baltimore County, Baltimore, MD 21228, USA, , , , , , TP

    David H. Greenberg

  3. Faculty of Business Administration, Simon Fraser University, Burnaby, British Columbia, Canada V7A 1S6, , , , , , CA

    Aidan R. Vining

  4. Public Policy Analysis Program, University of Rochester, Rochester, NY 14627, USA (Tel.: 716/275-5217, Fax: 716/271-1616, e-mail: dewr@troi.cc.rochester.edu), , , , , , US

    David L. Weimer

Authors
  1. Anthony E. Boardman
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  2. David H. Greenberg
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  3. Aidan R. Vining
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  4. David L. Weimer
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Additional information

Received: 15 August 1996 / Accepted in revised form: 19 February 1997

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Boardman, A., Greenberg, D., Vining, A. et al. “Plug-in” shadow price estimates for policy analysis. Ann Reg Sci 31, 299–324 (1997). https://doi.org/10.1007/s001680050051

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  • DOI: https://doi.org/10.1007/s001680050051

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