Loading...
Please wait, while we are loading the content...
Similar Documents
Project Evaluation with Democratic Decision-making: What Does Cost-benefit Analysis Really Measure?
| Content Provider | Semantic Scholar |
|---|---|
| Author | Nyborg, Karine |
| Copyright Year | 2014 |
| Abstract | It is often argued that projects involving public good changes should be chosen on the basis of monetary valuation and cost–benefit analysis (CBA). However, CBA is not value-free. When used to measure welfare, it is based on highly controversial value judgements. When used to measure efficiency, it is based on assumptions of limited relevance to democratic decision-making processes. CBA measures total net willingness to pay, neither more nor less. While interesting in its own right, the normative significance of this indicator is not obvious. |
| Starting Page | 124 |
| Ending Page | 131 |
| Page Count | 8 |
| File Format | PDF HTM / HTML |
| DOI | 10.1016/j.ecolecon.2014.07.009 |
| Volume Number | 106 |
| Alternate Webpage(s) | http://isiarticles.com/bundles/Article/pre/pdf/45363.pdf |
| Alternate Webpage(s) | https://www.duo.uio.no/bitstream/handle/10852/60453/CBAEcEcPostprint.pdf?isAllowed=y&sequence=2 |
| Alternate Webpage(s) | https://www.sv.uio.no/econ/english/research/unpublished-works/working-papers/pdf-files/2014/memo-08-2014.pdf |
| Alternate Webpage(s) | https://doi.org/10.1016/j.ecolecon.2014.07.009 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
