Johansson, P. O., & de Rus, G. (2019). On the Treatment of Foreigners and Foreign-owned Firms in the Cost-benefit Analysis of Transport Projects. Journal of Transport Economics and Policy (JTEP), 53(3), 275-287.
This paper addresses the issue of the treatment of foreigners and foreign-owned firms in the Cost-benefit Analysis of transport projects. The distinction between the indirect utility function of national and non-national allows the consideration of some relevant cases. These are: the common case of zero weights to foreign consumers, and foreign companies shipping their producer surpluses abroad; the case of local firms owned by foreigners; the altruist local household case; the consequence of fixed factors (for example, land) for the evaluation of foreign surpluses in infrastructure investment; and the case of transnational projects with asymmetrical distribution of costs and benefits.