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The income distribution parameter in project appraisal (anglais)

The weighting of the consumption increments accruing to people in various income groups that result from project implementation has been suggested. This paper takes the private valuation of the utility of consumption as the basis for deriving the social elasticity of the marginal utility of consumption. Results of various studies provide empirical support for the conjecture that elasticity of the marginal utility of consumption is negatively correlated...
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