This paper sets out my comments on DEFRA's new guidance on how to price greenhouse gas emissions – 'carbon' for short – into economic appraisal in the UK. The DEFRA paper begins by drawing a distinction between the social cost of carbon and the shadow price of carbon for use in government economic appraisal in the UK. While the terminology is confusing, this is an improvement on previous guidan...

Wine and Juice Production in Arkansas AAESBul942 1994 Carl R Dillon, Assistant Professor, Dept. of Agricultural Economics and Rural Sociology, University of Arkansas Justin Morris, University Professor, Department of Food Science University of Arkansas Carter Price, Professor Dept. of Agricultural Economics and Rural Sociology University of Arkansas David Ward Former Research Assistant Dept. of...

The stock market, take-over bidders, executive pay setters, perhaps Stephen Littlechild himself, even last summer’s weather, all seem to have been undermining RPI–X price-cap regulation. Until recently, price-cap regulation was regarded as demonstrably superior to US-style rate-of-return regulation, and regulatory reform in several countries has embraced price-cap regulation. But in Britain, wh...

Real estate appraisal is of great importance to several socio-economic stakeholders for different reasons and justifications: local governments and municipalities for taxation purposes; banks for mortgage and other credit applications processing; property valuation companies for marketing activities; and property developers and investors for sound investment decision-making. This paper summariz...

Over a long period, there has been an overall improvement in the aggregate health of the population. However, at the heart of public health is a conundrum – as the overall health of the population has improved, in the most recent past, inequalities in health have worsened. Despite a vast literature on the determinants of health, specific analysis of the determinants of inequalities in health is...