The Measurement of the Economic Benefits of Infrastructure Services

Introduction.- 2. A Simple Producer Benef it Measure.- 3. Willingness to Pav Functions and Marginal Cost Functions.- 4. Approximate Benefit Measures.- 5. Problems with the Producer Benefit Measure.- 5.1. Static versus Dynamic Benefit Measures.- 5.2. The Problem of Endogenous Prices for Local Goods.- 5.3. The Neglect of Consumer Benefits.- 6. Alternative Approaches to Benefit Measurement.- 6.1. The Questionnaire or Sample Survey Approach.- 6.2. Ex Post Accounting Approaches.- 6.3. Engineering and Mathematical Programming Approaches.- 6.4. The Applied General Equilibrium Modelling Approach.- 6.5. The Differential Approach.- 6.6. The Econometr ic Approach.- 7. The Selection of a Functional Form in the Econometric Approach.- 7.1. General Issues.- 7.2. The Translog Restricted Profit Function.- 7.3. The Biquadratic Restricted Profit Function.- 8. The Selection and Measurement of Variables in the Econometric Approach.- 8.1. The Measurement of Outputs.- 8.2. The Measurement of Intermediate Inputs.- 8.3. The Measurement of Labour.- 8.4. The Measurement of Inventories of Goods in Process.- 8.5. The Measurement of Capital Stock Components.- 8.6. Aggregation over Goods.- 8.7. The Measurement of Infrastructure Variables.- 9. The Estimation of Restricted Profit Functions in the Time Series Context.- 10. The Estimation of Restricted Profit Functions in the Cross Sectional Context.- 11. Conclusion.- Appendix 1: Properties of Restricted Profit Functions.- Appendix 2: Properties of Restricted Cost Functions.- Appendix 3: Properties of Restricted Expenditure Functions.- Appendix 4: Proofs of Propositions.- References.