Benefit-Cost in a Benevolent Society
探讨成本效益分析中如何计入仁慈个体对他人享受公共物品的估值，论证若利他主义尊重他人私人偏好，则应以私人估值为准，对家庭决策、福利经济学和条件估值研究有启示。
How should benefit-cost analysis account for the value that benevolent individuals place on others' enjoyment of public goods? When adding up the benefits to be compared with costs, should we sum the private valuations, the altruistic valuations, or something else? This paper argues that private valuations are appropriate if concern for the well-being of others respects their private preferences. The discussion has implications for family decision-making, welfare economics, and the design of applied contingent valuation studies.