HIGHLIGHTS
- who: JEL Classification D and collaborators from the Universitu00e0 Milano-Bicocca, Milan, Italy have published the paper: Lost in Taxation, in the Journal: (JOURNAL)
- what: The authors showcase a debate that took place in Italy in 2019 about an important highspeed rail project following the publication of a CBA that received much criticism. Later, the authors examine how a welfare function W can be defined to evaluate such projects accepting the two simplifications above. The authors compare the project and no-project situations as follows. The model generalises to a non-constant marginal externality; however . . .
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