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Title: OPERATIONALIZING CONCEPTS OF EQUITY FOR PUBLIC PROJECT INVESTMENTS
Accession Number: 00732465
Record Type: Component
Record URL: Availability: Find a library where document is available Abstract: Decisions for evaluating public project investment most frequently use benefit-cost analysis. The procedure rests on the assumption that an efficient alternative should be selected that maximizes the net aggregate benefits to society as a whole. However, this selection results in projects that invariably provide different levels of benefits to members of a community, thus contravening the principles of equity or distributive justice. Six strategies for dealing with the problem of distributive justice are explored and examined and then applied in a common setting to a public project where several efficient alternatives are proposed. While this research is not prompted by the desire to proclaim a winner from among the strategies, it is evident that some strategies make heroic attempts to reduce inequity. Issues connected with obtaining public consensus are also briefly mentioned.
Supplemental Notes: This paper appears in Transportation Research Record No. 1559, Environmental, Social, and Economic Effects of Transportation.
Language: English
Corporate Authors: Transportation Research Board 500 Fifth Street, NW Authors: Khisty, C JPagination: p. 94-99
Publication Date: 1996
Serial: ISBN: 0309059593
Features: Figures
(1)
; References
(26)
; Tables
(2)
TRT Terms: Subject Areas: Economics; Highways; Society; I10: Economics and Administration
Files: TRIS, TRB
Created Date: Feb 24 1997 12:00AM
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