experimental
Entry: economic (analysis)
URI: https://data.geoscience.earth/ncl/misc/111
an economic analysis must be carried out to appraise the project’s contribution to welfare. The key concept is the use of shadow prices to reflect the social opportunity cost of goods and services, instead of prices observed in the market, which may be distorted.
Core metadata
| is a | Concept | obs procedure |
| submitted by | leadadmin |
| accepted on | 8 Aug 2025 13:49:37.601 |
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All metadata properties
| date accepted |
8 Aug 2025 13:49:37.601
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| date submitted |
8 Aug 2025 13:49:19.547
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| definition |
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| item class |
Concept
| obs procedure
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| label |
economic (analysis)
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| notation |
111
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| register |
misc
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| status |
status experimental
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| submitter |
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| type |
register item
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| version info |
2
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Definition
| definition |
an economic analysis must be carried out to appraise the project’s contribution to welfare. The key concept is the use of shadow prices to reflect the social opportunity cost of goods and services, instead of prices observed in the market, which may be distorted.
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| notation |
111
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| pref label |
economic (analysis)
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| source |
European Commission, 2014 - Guide to Cost-benefit analysis of investment projects
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| type |
Concept
| obs procedure
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Links
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