Benefits and Beneficiaries

Book excerpt: Principles and distributional value judgments; Compensating variation, consumer surplus change and willingness to pay; To accounting price of foreign exchange; The valuation of traded goods; Foreign exchange as a numeraire; Accounting prices for labor; First approximation of the valuation of non-traded and services; The discount rate; Cost-benefit analysis of an industrial project; The use of input-output techniques; Different assumptions and value judgments.