The role of gambling industry in Macao's economic development has become more and more important, and has been irreplaceable position. Therefore, this study examines the history of Macao's economic development as well as the history of the gambling industry development. It is found that the gambling industry to bring economic benefits to only part of local residents, but to bring many social cost for all local resident. Therefore, through the experience of Macao, when Taiwan open the casino required to concern economic, social advantages and disadvantages of the two levels in order to obtain the greatest benefits of our residents.

No description available.

Yes / Purpose – The purpose of this article is to argue that a common understanding of the terms social value, social cost benefit, social return on investment etc. would be useful for those seeking to engage with the topic in the fields of health, wellbeing and early family intervention Design/method/approach – The article considers a commissioned study delivered by the authors which reviews the literature pertinent to this field. Findings- The authors suggest that there is considerable confusion with regard to the meaning of terms which are used almost interchangeably in the fields of health, wellbeing and early family intervention. Originality/value – The authors put forward a model to provide consistency of meaning across three levels of interventions.

<p>Congestion charging is a now accepted means of influencing traffic to behave in a more socio-economic optimal way, like e.g. in the Stockholm project. Already early work, in the 1920’s, showed that road use can be inefficient due externalities, i.e. that users don’t experience their own (negative) effect on other users: an extra car on a traffic link causes delays for other cars, but the driver himself does not experience this cost.In the 1950’s it was further shown - for a congested road network with homogeneous users – that if each user is charged a toll equal to the total value of time loss incurred on other users of the network, then -if we have fixed travel demand - this will induce an equilibrium that is system optimal in the sense that the total cost of network usage is minimal (assuming that all users have fixed and identical time values).  But toll charges need to be levied in monetary units, and different travelers have different values of time. Therefore, to account for the effects of tolls, and to be able to compute equilibria, one needs to introduce different user classes, differing in their time values.</p><p>In this thesis, consisting of four papers, we study congestion pricing of road networks with users differing only in their time values. In particular, we analyze marginal social cost (MSC) pricing, a tolling scheme that charges each user a penalty corresponding to the value of the delays inflicted on other users, as well as its implementation through fixed tolls.</p><p>Paper III contains the main theoretical work of the thesis. In that paper we show that the variational inequalities characterizing the equilibria in question can be stated in symmetric or non-symmetric forms. The symmetric forms correspond to optimization problems, convex in the fixed-toll case and non-convex in the MSC case, which hence may have multiple equilibria. The objective of the latter problem is the total value of travel time, which thus is minimized at the global optima of that problem. Implementing close-to-optimal MSC tolls as fixed tolls leads to equilibria with possibly non-unique class specific flows, but with identical close-to-optimal values of the total value of travel time. Finally we give an adaptation, to the MSC setting, of the Frank-Wolfe algorithm, which is further applied to some test cases, including Stockholm.</p><p>Paper I is an early application using Frank-Wolfe, after having realized the possibility to symmetrize the problem.</p><p>Paper II gives a convexification of non-convex equilibrium problem for MSC tolls. We have used these convexifications to compute lower bounds when computing equilibria.</p><p>Paper IV is a short note commenting some flaws in two papers by Dial on MSC tolls.</p>

The aim of this study is to quantify the social cost of air pollution in Bophelong Township. Bophelong is a dominantly Black low-income settlement located on the South-western part of the Emfuleni Local Municipality in the Vaal Triangle. In 2006 the Vaal Triangle was the first region in the country to be declared an Airshed Priority Area in terms of the National Environmental Management Act (39/2004). Economic literature reveals that there is a strong positive correlation between poverty and pollution. It is on this basis that the study provides a theoretical background to poverty and pollution. The study makes use of a Contingent valuation method to elicit respondents‘ maximum willingness to pay for the reduction of air-pollution in the area. The survey questionnaire covers three broad socio-economic categories namely, the demographic profile, labour force profile and the residents‘ attitudes towards environmental issues. The valuation part of the questionnaire makes use of an open-ended questionnaire to elicit the respondents‘ maximum willingness to pay for the reduction of air pollution in Bophelong. The mean willingness to pay for the reduction of air-pollution in Bophelong is estimated at R132 per annum. The annual social cost of air-pollution in Bophelong is calculated by multiplying the mean willingness to pay with the estimated total population. Bophelong‘s total population was estimated at 49 408. The annual social cost of pollution is thus estimated at R6 521 856. The regression analysis shows that several factors positively influence respondents‘ willingness to pay. The analysis shows that education, employment and level of income are positively correlated with the respondents‘ willingness to pay. This study indicates that there is a positive correlation between poverty and pollution. Most of the air pollution that affects the population of Bophelong is generated from domestic sources such as the burning of coal and biomass fuels for VALUING THE SOCIAL COST OF AIR-POLLUTION IN BOPHELONG TOWNSHIP heating and cooking purposes. In order to eliminate the negative impacts of air pollution on the residents of Bophelong the study recommends that authorities must begin by ameliorating the poverty situation in the area. On the main authorities must introduce measures that target domestic sources of pollution. Some of the measures that could be undertaken to reduce the impact of pollution could include: (a) encouraging residents to adopt the more cleaner top-down coal ignition method known as Basa-njengo-Magogo, (b) providing free basic electricity to poor households in the area and (c) ensuring that houses are constructed with thermal comfort in mind, as this will minimise the need for space heating particularly during winter months. / PhD (Economics), North-West University, Vaal Triangle Campus, 2013

Private hydropower operations across the United States are utilizing a public resource, rivers, for power production benefits. The Federal Energy Regulatory Commission regulates river use through a relicensing procedure that occurs every thirty or fifty years through a cost-benefit analysis framework to determine the best public use of the river. This thesis explores the structure of the current cost-benefit analysis and the effects of timing, public participation and valuation of ecosystem services in the final relicensing decision, and recommends the use of a social cost-benefit framework to distribute the natural resource benefits rivers provide more equally and give fair weight to ecosystem benefits in a market-driven process.

Upon completing the construction of the Panama Canal in 1914, vessels sailing between the Atlantic and Pacific Oceans were provided an alternative to navigating the southern tip of South America. In order to accommodate future demand of Canal services, the Panama Canal Authority (ACP) in 2006 began planning a Canal expansion. The ACP enlisted URS Holdings, Inc to do a social cost-benefit analysis of the project. This thesis thoroughly examines the contents of this analysis and critiques the content and methodology of the study. The URS analysis suffers from numerous problems, including a lack of monetary values for potentially significant social and environmental impacts of the Canal expansion, a failure to distinguish pecuniary versus non-pecuniary externalities, causing the social benefits of the expansion to be grossly overstated and a questionable choice of discount rate which make a more positive picture of the private returns from expanding the Canal.

Energy crops may present an opportunity to reduce Nova Scotia’s Greenhouse Gas emissions by offsetting fossil fuel use and provide economic benefits for farmers. They have also received government policy support. To investigate this opportunity, I conduct a partial social cost-benefit analysis using non-equity weighted monetary valuation of growing switchgrass on inactive and underused farmland in Nova Scotia for local residential heating. The private net benefit for farmers, processors and consumers is estimated between $24.9 million and $209.9 million. I estimate that the external net benefit to society from the potential reduction in GHG emissions (at $50/tonne CO2E) ranges from $11.3 million to $72.2 million. This must be taken with caution as the analysis does not account for the entire ecological footprint of the project. While a net benefit to society is suggested, the paper also points to a need for more research surrounding the life-cycle emissions of energy crops.

The aim of this study is to quantify the social cost of air pollution in Bophelong Township. Bophelong is a dominantly Black low-income settlement located on the South-western part of the Emfuleni Local Municipality in the Vaal Triangle. In 2006 the Vaal Triangle was the first region in the country to be declared an Airshed Priority Area in terms of the National Environmental Management Act (39/2004). Economic literature reveals that there is a strong positive correlation between poverty and pollution. It is on this basis that the study provides a theoretical background to poverty and pollution. The study makes use of a Contingent valuation method to elicit respondents‘ maximum willingness to pay for the reduction of air-pollution in the area. The survey questionnaire covers three broad socio-economic categories namely, the demographic profile, labour force profile and the residents‘ attitudes towards environmental issues. The valuation part of the questionnaire makes use of an open-ended questionnaire to elicit the respondents‘ maximum willingness to pay for the reduction of air pollution in Bophelong. The mean willingness to pay for the reduction of air-pollution in Bophelong is estimated at R132 per annum. The annual social cost of air-pollution in Bophelong is calculated by multiplying the mean willingness to pay with the estimated total population. Bophelong‘s total population was estimated at 49 408. The annual social cost of pollution is thus estimated at R6 521 856. The regression analysis shows that several factors positively influence respondents‘ willingness to pay. The analysis shows that education, employment and level of income are positively correlated with the respondents‘ willingness to pay. This study indicates that there is a positive correlation between poverty and pollution. Most of the air pollution that affects the population of Bophelong is generated from domestic sources such as the burning of coal and biomass fuels for VALUING THE SOCIAL COST OF AIR-POLLUTION IN BOPHELONG TOWNSHIP heating and cooking purposes. In order to eliminate the negative impacts of air pollution on the residents of Bophelong the study recommends that authorities must begin by ameliorating the poverty situation in the area. On the main authorities must introduce measures that target domestic sources of pollution. Some of the measures that could be undertaken to reduce the impact of pollution could include: (a) encouraging residents to adopt the more cleaner top-down coal ignition method known as Basa-njengo-Magogo, (b) providing free basic electricity to poor households in the area and (c) ensuring that houses are constructed with thermal comfort in mind, as this will minimise the need for space heating particularly during winter months. / PhD (Economics), North-West University, Vaal Triangle Campus, 2013

A simple rule for the optimal global price of carbon is presented, which captures the geophysical, economic, and ethical drivers of climate policy as well as the effect of uncertainty about future growth of consumption. There is also a discussion of the optimal carbon budget and the amount of unburnable carbon and stranded fossil fuel reserves and a back-on-the-envelope expression are given for calculating these. It is also shown how one can derive the end of the carbon era and peak warming. This simple arithmetic for determining climate policy is meant to complement the simulations of large-scale integrated assessment model, and to give analytical understanding of the key determinants of climate policy. The simple rules perform very well in a full integrated assessment model. It is also shown how to take account of a 2 °C upper limit on global warming. Steady increases in energy efficiency do not affect the optimal price of carbon, but postpone the carbon-free era somewhat and if technical progress in renewables and economic growth are strong leads to substantially lower cumulative emissions and lower peak global warming.