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The Case for Using the MVPF in Empirical Welfare Analysis / Nathaniel Hendren, Ben Sprung-Keyser.
- Format:
- Book
- Author/Creator:
- Hendren, Nathaniel.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w30029.
- NBER working paper series no. w30029
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2022.
- Summary:
- This paper outlines the case for using the Marginal Value of Public Funds (MVPF) in empirical welfare analysis. It compares the MVPF approach with more traditional welfare metrics such as the Cost-Benefit Ratio and the Net Social Benefits criterion. It outlines the advantages of the MVPF approach relative to these metrics. In building the case for the MVPF, this paper also addresses several misconceptions about the MVPF that appear in recent literature.
- Notes:
- Print version record
- May 2022.
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