@article{Kula:132234,
      recid = {132234},
      author = {Kula, E.},
      title = {Regional Welfare Weights in Investment Appraisal - The  Case of India},
      journal = {Journal of Regional Analysis and Policy},
      address = {2002},
      number = {1100-2016-89723},
      pages = {16},
      year = {2002},
      abstract = {Pareto welfare criterion based only on people’s  willingness to pay
for the project’s output is regarded by  many as being a narrow interpretation
of an improvement in  social well-being. A broader opinion is that
even though  poorer individuals may be less able to pay for a  particular
benefit, they may obtain greater utility from  it. In line with the broader
opinion, this paper looks at  regional welfare weights in India on the basis
of a  conventional consumption utility function which assumes  diminishing
marginal utility. Estimated parameters are;  elasticity of marginal
utility of consumption, and per  capita national and regional incomes
which are used in the  calculation of welfare weights for 17 states of India.},
      url = {http://ageconsearch.umn.edu/record/132234},
      doi = {https://doi.org/10.22004/ag.econ.132234},
}