Cost-Benefit Analysis - ES fondi
Cost-Benefit Analysis - ES fondi
Cost-Benefit Analysis - ES fondi
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Externalities corrections<br />
EN<br />
Externalities<br />
corrections<br />
33<br />
To determine costs and benefits which<br />
are not considered in the financial<br />
analysis<br />
There are two main approaches:<br />
1. “Revealed preference methods”: infer<br />
values from observed behaviour (e.g.<br />
hedonic price, travel cost methods)<br />
2. “Stated preference methods”: directly<br />
asks individual to state their willingnessto-pay<br />
(e.g. contingent valuation). But<br />
risk of possible biases
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