Publications

January 24, 2018

Should CBA’s include a correction for the marginal excess burden of taxation?

According to economic theory, taxation drives a wedge between private and public benefits, which distorts labour supply, consumption and investment and leads to loss of welfare.

October 10, 2017

Distributionally Weighted Cost-Benefit Analysis: From Theory to Practice

In CBA practices around the world, benefits are valued regardless of to whom they accrue. This disregards basic economic principles, like declining marginal utility of income, or inequality aversion. This paper argues that if redistribution matters, net benefits must be aggregated using a distributionally weighted CBA.