Abstract
THE THEORY AND PRACTICE OF PERFORMING COST-BENEFIT ANALYSIS IN A DISTRIBUTIONAL FRAMEWORK IS EXPLORED WITHIN THE DISCRETE CHOICE CONTEXT. THE SOCIAL WELFARE METHODOLOGY EMPLOYED BUILDS ON THE CONVENTIONAL MARSHALLIAN APPROACH AND THE HICKSIAN APPROACH TO EFFICIENCY COST-BENEFIT ANALYSIS DEVELOPED BY THE AUTHOR. THE THEORETICAL FRAMEWORK IS THEN APPLIED TO AN EIGHT-ALTERNATIVE DEMAND-SUPPLY CORRIDOR SIMULATION MODEL OF THE SAN FRANCISCO BAY AREA. THE EQUITY IMPACTS OF A POLICY ARE ANALYSED BY SEGMENTING A SAMPLE ACCORDING TO INCOME GROUP AND TRIP TYPE. VARIOUS STANDARD SOCIAL WELFARE FUNCTIONS ARE FOUND TO BE PARTICULAR PARAMETERISATIONS OF A SELECTED FAMILY OF FUNCTIONAL FORMS FOR DISTRIBUTIONAL WEIGHTS.(Author/publisher).